BarCap Banking Salaries Go Up But S&T Salaries Remain the Sa
Perhaps the 16.67 percent pay hike has something to do with the M&A market seeming to have come back: More deals to be done means investment banking analysts will no longer have the time to Google their high-school classmates and upload photos to their Facebook accounts due to their having to put together pitch book after pitch book until the a.m. hours six and perhaps seven days a week (all while their sales and trading counterparts still get to work farmer hours—in when the sun comes up and out when, or just after, the sun goes down). Or, perhaps, it has something to do with the smaller bonuses they'll be getting next summer.
That's the word on the Street. More specifically, first-year investment banking salaries, according to Dealbreaker sources, have jumped to $70,000 a year, but sales and trading first years will still be receiving a measly $60,000 per year.