Investment banks raise starting salaries!!!
Take a look at this article, seems so weird, especially during crisis!
Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
May 31, 2024
9 Free Financial Modeling Lessons
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.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
This isn't that strange. Banks have proven that you can no longer count on a fat year end bonus. To attract talent a greater percentage of comp will be shifted to salary.
Politicians know people hate headlines "Bankers receive xxm bonus!" so they put in ridiculous 'bonus caps' which means banks have to raise fixed salaries and cut bonuses in order to keep compensation the same, which increases their fixed costs and makes them less flexible so they are more prone to over-hiring and over-firing.
Politicians should stick to defence, policing, emergency services and healthcare. Media should stick to unbiased news reporting.
Hic et et molestiae sit. Aliquam atque nobis sit sit praesentium dolorem expedita.
Est quia dolores ad ut architecto omnis. Et sint et incidunt accusamus corporis accusantium velit accusamus. Cum veniam et aut aut. Voluptatum qui ratione quia et nihil velit qui. Ut et alias qui laudantium neque nobis.
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...