Skip to content

JPMorgan Raises Salaries for Junior Bankers for Second Time

Bloomberg business news
JPMorgan Said to Give Junior Bankers a Second Pay Raise
Updated on

JPMorgan Chase & Co. is raising junior bankers’ pay for the second time in seven months.

Salaries for first-year investment-banking analysts will start at $110,000, up from the boost to $100,000 announced in June, according to a person familiar with the matter. The bank is raising second-year analyst pay to $125,000 and third-year pay to $135,000. The markets unit will see similar jumps.