and Deutsche Bank also raised junior comp, with both firms bringing first-year analyst salaries up to $100,000 before bonus.with Bloomberg TV on Wednesday morning, Deutsche Bank CFO James von Moltke addressed his firm's pay raises.
"We obviously aim to hire the best talent. To do so, we have to pay competitively" von Moltke said."In some senses, in some markets, a catch-up, after some years of relatively stagnant pay, and in other areas, there are different dynamics, but we certainly see some inflation of our labor costs." Goldman Sachs now remains as the most notable Wall Street firm to hold off from implementing raises so far. about the firm's evaluation of possible salary raises, explaining that the bank operates on a"pay-for-performance" model.
At Goldman Sachs, analysts' fiscal-year ends on July 31 and bonuses hit accounts in August."I would tell you to expect to see us pay appropriately during our normal cycle," Solomon said at the time.Subscribe to push notifications
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The rich get richer, twas ever thus.
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