PJ Solomon Raises Banker Salaries in Wall Street Bidding War
Marc Cooper, chief executive officer of Peter J. Solomon Co.
Photographer: Christopher Goodney/BloombergThis article is for subscribers only.
PJ Solomon is the latest financial firm to raise salaries for bankers amid a bidding war for employees on Wall Street.
The new salaries range from $100,000 for first-year analysts to $225,000 for third-year associates, Chief Executive Officer Marc Cooper said in a memo to PJ Solomon employees Thursday. A company representative confirmed the contents of the memo. The new compensation is retroactive to July 1, and will appear in staffers’ next paychecks, on July 21, according to the memo.