08/04/2022
Investment Banking Salaries
Salaries of junior bankers have spiraled in recent months in response to the burnout crisis
Investment Banking industry in 2022 has witnessed a burnout crisis in the junior ranks sparking a a flurry of pay rises across the sector as banks have scrambled to stem an exodus of analysts and associates.
Automation of mundane tasks and increase in pay are the measures which most of the big league banks have adopted to mitigate the outflow of junior professionals.
JPMorgan raised entry level pay for a second time in January, bringing it in line with rivals Goldman Sachs and Morgan Stanley with $110,000 salaries for first year analysts and £70,000 in London. Later in the same month, Bank of America increased analyst pay to £67,000 for first years and £80,000 for those in their second year
Boutique Investment banks are also not behind with payroll rise for analysts and junior associates of c.30% more than the rival bigger banks.
Gathering the right skill sets in order to make it big in investment banking is quite critical. It is crucial for fresh graduates and young professionals to enroll in relevant certification courses to crack the high profile investment banking job interviews.
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