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09.01 - 12:20
The three small banks paying the biggest junior salaries after a year of hikes
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fnlondon.comWhen JPMorgan hiked junior banker salaries for the second time in six months in January, it set off a chain reaction among its rivals. Analyst pay spiralled by 40% as firms grappled with an exodus of talent.
The biggest investment banks in the City were keeping pace with Goldman Sachs, which increased entry-level pay to £70,000 in London last year after a group of analysts leaked a PowerPoint presentation outlining 100-hour weeks and declining mental and physical health.
£70,000...
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