UBS has increased salaries for its juniors, weeks after a special bonus for its younger bankers and following a bumper quarter for its dealmakers.
The Swiss bank has increased pay for first year analysts to $100,000, according to people familiar with the matter. The entry level pay now matches salary hikes by rivals Barclays, Citigroup, Deutsche Bank, JPMorgan, Nomura and Stifel in recent weeks as banks battle to keep hold of junior talent amid a surge in work.