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Morgan Stanley Boosts Junior Banker Pay a Month After Last Raise - Bloomberg

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Morgan Stanley boosted salaries for the second time in a month, raising the stakes again in a Wall Street bidding war for new talent.

The firm bumped base pay for junior bankers to $110,000, a mark that will now also cover first-year staff in the trading division, a person familiar with the matter said, asking not to be identified discussing internal policies. The move comes just a month after the New York-based company raised the level to $100,000 to catch up with rivals who had made similar moves in the weeks before.

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August 31, 2021 at 11:53PM
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Morgan Stanley Boosts Junior Banker Pay a Month After Last Raise - Bloomberg
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