Morgan Stanley to raise junior bankers' base salaries by 25 percent
Posted by Yahoo finance: http://finance.yahoo.com/news/morgan-stanley-raise-junior-bankers-23172…
Thoughts?
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I don't see how this will really affect retention rates though, as the raise only applies to incoming junior analysts. It doesn't deal with the PEs taking their brightest after two years does it? But good on MS for acknowledging better slave conditions.
*EDIT: apparently it's only for associates and VPs? okay that makes more sense now...
EDIT: I STUPID
check the forums before posting this: http://www.wallstreetoasis.com/forums/morgan-stanley-rumored-to-have-in…
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