Banks almost tripled bonuses for junior staff to keep hold of their young employees

Banks hiked bonuses for their most junior workers by as much as 150% in an effort to keep hold of young, talented employees.

Average bonuses for analysts ? the first rung on the investment banking career ladder ? zoomed up to £15,000 ($21,600) this year from £6,000, according to a survey by crowdsourced pay data website Emolument.com.

This article was published in Business Insider, 15th March 2016