{"id":310920,"date":"2021-07-28T21:23:02","date_gmt":"2021-07-28T18:23:02","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/morgan-stanley-hikes-starting-pay-for-junior-bankers-to-100k\/"},"modified":"2021-07-28T21:23:02","modified_gmt":"2021-07-28T18:23:02","slug":"morgan-stanley-hikes-starting-pay-for-junior-bankers-to-100k","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/morgan-stanley-hikes-starting-pay-for-junior-bankers-to-100k\/","title":{"rendered":"#Morgan Stanley hikes starting pay for junior bankers to $100K"},"content":{"rendered":"

“#Morgan Stanley hikes starting pay for junior bankers to $100K<\/strong>”<\/p>\n

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Morgan Stanley said it will start paying six-figure base salaries to its entry-level bankers as a rush of post-pandemic deals and short staffing have spurred crushing workloads. <\/p>\n

The Wall Street behemoth announced the $15,000 raise on Wednesday: First year analysts in investment banking and capital markets will now make a base salary of $100,000 and second-year analysts will now make $105,000, up from $85,000 and $90,000, respectively.<\/p>\n

Morgan Stanley, headed by CEO James Gorman, follows on the heels of competitors JPMorgan and Citi \u2014 both of which announced in recent weeks that first-year investment bankers would haul in $100,000.<\/p>\n

People close to Morgan Stanley say the pay hike is a nod to the fierce battle for bankers that has ramped up as dealmaking surges. July is typically when Morgan Stanley reevaluates and announces any changes in pay. The new salaries will go into effect on Aug. 1.<\/p>\n

Morgan Stanley declined to comment.<\/p>\n

Goldman Sachs is now the only top-tier firm that has yet to announce a pay hike for junior staff \u2014 and debate over the matter is roiling senior executives internally. People close to the bank note Goldman is keeping an eye on the competition and will announce any salary changes at the beginning of August.<\/p>\n

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\"Morgan
Morgan Stanley, headed by CEO James Gorman, follows on the heels of competitors JPMorgan and Citi in raising pay for its junior bankers.<\/figcaption>
AFP via Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n
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Junior bankers at Morgan Stanley, some of whom had complained of 20-hour workdays, will start being paid six-figure base salaries.<\/figcaption>
Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n

In March, a leaked slideshow presentation compiled by 13 junior Goldman Sachs\u00a0analysts detailed complaints\u00a0about 100-hour workweeks. Some griped of shifts as long as 20 hours that left them little time to eat, sleep or shower, claiming that the grind damaging their physical and mental health.<\/p>\n

Elsewhere, Citibank CEO Jane Fraser told employees she was\u00a0banning Zoom meetings\u00a0on Fridays to address Zoom fatigue. Investment bank Jefferies even offered its junior staff the primo Peloton bike as a \u201cthank you\u201d for working long hours.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Morgan Stanley hikes starting pay for junior bankers to $100K” Morgan Stanley said it will start paying six-figure base salaries to its entry-level bankers as a rush of post-pandemic deals and short staffing have spurred crushing workloads. The Wall Street behemoth announced the $15,000 raise on Wednesday: First year analysts in investment banking and capital…<\/p>\n","protected":false},"author":1,"featured_media":310921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/07\/morgan-stanley-002.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[74888,112952,70932,71245,70790,70792,73986],"class_list":["post-310920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-banking","tag-7-28-21","tag-citigroup","tag-executive-compensation","tag-goldman-sachs","tag-jpmorgan-chase","tag-morgan-stanley"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/310920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=310920"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/310920\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/310921"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=310920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=310920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=310920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}