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Nomura Joins Wall Street Rivals in Boosting Pay for Juniors

  • Japanese brokerage to boost entry-level salaries to $100,000
  • JPMorgan, Bank of America, Barclays have also upped salaries
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Nomura Holdings Inc. is raising the salaries of its entry-level bankers to $100,000, the latest lender to boost pay as the industry struggles to retain junior talent that has been inundated by deal flow amid the work-from-home grind.

The Japanese brokerage will introduce the pay bump in July, according to a person with knowledge of the matter. The move aligns it to banks including Bank of America Corp., Barclays Plc and JPMorgan Chase & Co.