Will firms increase base pay for front office positions other than IB(S&T, Research, Securitization, Public Finance, Asset Management etc...)? Considering the base pay was the same (85/90/95) for all front office positions before the recent increases for IB, I wonder if firms will match base pay across all FO roles?
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Supply and demand. If there starts to be a mass exodus and it becomes difficult to hire while simultaneously business is at level not seen in years then sure there may be an upward revision.
I don't think it will be to the same extent as IB, but wouldn't they pretty much have to increase compensation to keep pace with inflation?
How would any of us know lol?
Most likely only IBD IMO.
MF PE / HF likely to keep up as well.
Bump
nah. Don't think so for s&t at least - literally making money hand over fist all of last yr till now and we're not even hearing a peep about pay bumps. Ppl who did well were generally taken care of (and rightfully so) but that's about it
Hate to contribute to the (already extremely) biased hate towards s&t in this forum but that's the truth
Regarding your S&T experience, have you been extremely busy over last year?
If so, did your personal bonus reflect increased business/workload?
Do you see yourself in S&T long term? And if no, why not?
I was just a lowly An0 last yr so could not really speak to workload/hours (not great anyways cuz ur junior) and bonuses (stub) - although based on observations ppl on my desk (and wider product group) were woefully understaffed but come bonus time either got promoted early or bagged a pretty nifty bonus
Do i see myself long term - for now definitely yes bc i enjoy the work+learning, desk culture is awesome and I'm at a pretty profitable and growing franchise
Not US based btw.
S&T has pretty sweet hours and they’ve been chopping headcount for years = no pay bump
same thing for ER (hours worse and equal or worse staff reductions)
Do you think there will be a mass exodus of people leaving if bonuses decrease significantly in the years to come + no pay bump?
Also, cant banks afford to do a slight pay bump anyways given profits this year as well as the constantly decreasing head count which is also shown in lower acceptance rate of SA programs/smaller SA classes as well?
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