Analyst Salary Appreciation

Simple question. With all of the talk of bonuses, I am merely curious if an IBD analyst's salary will ever increase over their 2-3 years with a bank? Obviously it's trivial compared to the bonus, but I've never heard anything mentioned about it. Thanks.

 

I think he means same seniority analysts' salaries increasing. 1st years in 2008 and 1st years in 2009, etc.

Banking > VC > Tech PE; PM me if you would like any advice I'm happy to help
 

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