According to Bloomberg, banks are considering freezing the pay of junior bankers. As bankers progress through the ranks of analyst, associate, and vice presidents an annual increase has been the norm. Credit Suisse (CSGN) is supposedly the first to test against the norm. Others are watching to see if Goldman (GS) and JP Morgan Chase (JPM) will follow.
| +171 | Why UBS Is the Worst Place to Start Your IB Career | 32 | 3m |
| +159 | ONLY THESE BANKS OR YOU STRUCK OUT | 39 | 7h |
| +115 | IB Energy Drink Tier List / Ranking | 74 | 6h |
| +65 | Firm Thinks I'm Lying About Offer | 20 | 6h |
| +54 | Indiana University Fraternity Pipelines | 34 | 5h |
| +42 | Rogo AI | 18 | 1h |
| +39 | Stay at Weak Dealflow Team or Lateral? | 12 | 1d |
| +37 | Elite Boutique interview questions | 8 | 1d |
| +33 | Suspended for a Year | 12 | 4h |
| +22 | 1st Half 2026 (1H26) RX IB & RX Co. Rankings | 14 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Fuck this shit
I hope the buyside doesn't follow suit... they tend to benchmark their pay scales to the big banks, but they don't have the issues the big banks have (bad balance sheets, increased regulation, etc...)
Seems like the hedge fund route is beginning to look more and more attractive...
^^^ Hedge funds and PE take their cues from the banks. Next, fees will be coming down, too. Everybody in finance is seeing less pay. This is consistent with the 25 years following 1929.
Rusty Honda, anyone?
Sounds like this is at the associate and VP level though. Just IBD and no S&T as well
What exactly is considered a junior banker? I'm looking at the full article and it says junior bankers at CS get $200,000 starting annual salary. So, a junior banker is a VP and up? Are analysts and associates chopped liver?
In illo quis sit optio. Aut praesentium dolor et dolorem. Non est quisquam qui iste.
Incidunt fugit quis provident itaque ut. Velit beatae numquam architecto. Itaque veniam explicabo itaque velit omnis voluptates veniam vel.
Asperiores distinctio commodi voluptatem id doloribus delectus earum. Voluptatem animi expedita qui exercitationem voluptas asperiores magnam. Sed ducimus nisi quasi. Eius laborum delectus minus sed earum aperiam. Delectus consequatur hic et sunt dicta dolorum.
Consequatur nemo officiis voluptatum et debitis qui adipisci. Culpa totam ex nihil maiores quidem quasi. Dolor sed et suscipit et fuga.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...