With CITI being the third BB to announce 100k base pay for ANL1, that makes 3/9 (33%) of the BBs…now we are really going to see (and quickly) how the rest of the industry reacts… For which banks it be a real increase in total comp and for which banks will it be take out of the bonus? How will the rest of the BBs respond? How will the EBs respond? What bout MM? What about PE (or even MBB)? Will A2A become more attractive that jumping ship after 2 years to go to PE? Leave your thoughts below !
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I'm gonna be bummed if it's taken from the bonus
I guess we'll see which banks actually "care" and which are just virtue signaling
I think these bumps to $100k base punch heavily above their weight. Feels very good to be at a 6 figure salary fresh out of undergrad. Personally, I'm surprised EBs weren't already at $100k ($95k feels significantly worse from an optics POV)
They better increase it soon
GS, MS, JPM, BofA, C, CS, BAR, UBS, DB
Wow, and it's been reported by both FT and Bloomberg. I'm assuming this applies to incoming A1s?
It applies for all employees after July 1st. Incoming A1s start late July so it will apply to them.
MM firms were ahead of the BBs for salary increases. For example, Baird raised salaries to 110 for first years and 115 for all other analysts.
Pretty sure BAML was the first mover months ago. And didn’t Baird just increase days ago? Lol
Good point , I didn't know about Baird. From what I understand BAML increased a while back when the GS survey came out and some banks were increasing by 5k/10k, or doing protected weekends, or giving Pelotons etc etc. However, now it's a slightly new wave where some banks are increasing to make 100k base pay. Interesting to see who will follow and if street rises
are these raises hitting london as well?
Still make less than a M.D. (Medical Doctor)
Discuss
You got to stop with this doctor stuff
Want / expect my EB to raise to $115k / $120k
Don't feel they have much of a choice now if they want to keep attracting good talent
NEED THEM TO RAISE TO 500K !!!!
That’s just SIGNING BONUS. Base needs to be 2mm and bonus AT LEAST 1.5x base!!!
how are citi bonuses this year?
What’s analyst 2 comp?
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