HSBC Joins Rivals in Boosting First-Year Banker Pay to $100,000
- Salaries of first-year investment bank analysts rise $15,000
- Wall Street is facing a reckoning over junior staff burnout
This article is for subscribers only.
HSBC Holdings Plc is boosting pay for junior U.S. investment bankers, the latest lender to increase compensation as the industry reckons with burnout among staff amid a punishing deal flow.
The London-headquartered bank is upping salaries for first-year analysts in its investment bank to $100,000, up from $85,000 currently, according to a person familiar with the plans. The bank introduced pay rises for existing analysts and associates in May.