, according to an email sent by James Bunn, Raymond James' president of global equities and investment banking. The raises will take effect on October 1.
While Bunn said in his email that the pay bumps should put Raymond James at the"high end of analyst salaries on the Street," junior bankers may not end up taking home more total pay than before. "Importantly, our primary focus is on total compensation and these salary increases are not intended to represent an increase in total comp," said the email.
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