Evercore Inc. is boosting salaries for first-year investment-banking analysts to $120,000, putting the bank at the top of the pay scale for junior talent on Wall Street, while Guggenheim Partners raised its base salary a second time since May to $110,000.
The moves were the latest salvos in Wall Street’s fight to retain talent in a record year for dealmaking. Evercore’s second-year investment-banking analysts will get $130,000, and those in their third year will be paid $140,000, according to people familiar with the matter who asked not to be identified discussing private information.
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August 13, 2021 at 03:29AM
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Evercore Tops Junior Pay as Guggenheim Boosts a Second Time - Bloomberg
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