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Citigroup increases junior banker pay as talent war heats up

The bank is hiking pay to bring its juniors in line with Wall Street rivals

Citi has increased pay in line with its Wall Street rivals
Citi has increased pay in line with its Wall Street rivals Photo: Getty Images

Citigroup has increased pay for its juniors, the latest large investment bank to hike salaries amid a burnout crisis among younger employees. 

The US investment bank has increased salaries for analysts, associates and vice presidents, according to an internal memo sent by its global co-heads of banking, capital markets and advisory, Tyler Dickson and Manolo Falco, seen by Financial News

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