Investment banks junior recruits receive their bonuses in August, not January in line with their more senior colleagues and numbers are now starting to leak out. Generally, investment banks are hiking up base salaries for junior bankers ? Goldman Sachs has reportedly followed the lead of Morgan Stanley and hiked first year analyst salaries by 20% to $85k ? but bonuses are not matching this.
This article was published in Efinancialcareers, 21st August 2014