Barclays Joins Wall Street Rivals in Junior Banker Pay Boost
- JPMorgan, Bank of America also hiked salary of junior bankers
- Firm tweaked weekend work and vacation policies in April
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Barclays Plc is hiking junior banker pay, joining Wall Street rivals including JPMorgan Chase & Co. and Bank of America Corp. in paying up to retain staffers amid high levels of burnout.
The London-based bank will lift base salaries of all U.S. analysts by $15,000 and its U.S. associates and vice presidents by $25,000, according to a person with knowledge of the matter. Under the changes, first-year analyst base salaries will rise to $100,000, the person said.