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Vault Message Board: Investment Banking

Topic Name: Lots of misinformation
Message Name: DLJ Raise
Date Posted: 04/21/2000
Message: Tech M&A Banker, Have you had a chance to read the Financial Times article about the pay increase at DLJ? According to the article, they are guaranteeing first-year associates $700K over two years (300K for year 1, and 400K for year two). There are also some perks like forgiveable loans and coinvestment that bring the total package close to $1M. What do you think about this? What do you think the other banks going to do?

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