Bankers Demand 50% Pay Hikes in India’s Wealth Hiring Boom

Signing bonuses, stock options, hefty commissions and even the doubling of salaries — that’s what seasoned private bankers, and in some cases less experienced ones, are demanding in India as the fight for talent intensifies.

A surge in the newly wealthy population and the fragmentation of advisers into dozens of competing outfits have turbocharged demand, pushing compensation to record highs.