Annual raise in research?

Does anyone know if you get an annual raise as a junior person (1st yr analyst through 1st year associate) in equity research at a bulge bracket? Is it $10k? Is the raise when promoted from analyst to associate after 2 years also $10k? Are there any bulge brackets that have frozen salaries?

Also, when is this raise awarded? I know most firms pay bonuses in February, so is the raise not given until February, or do you receive it on January 1?

Many thanks..

 

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