Investment Banking

UBS hikes junior banker salaries as banks battle for talent

The world's largest investment banks have followed each other with six-figure salaries

The war between banks for leading juniors shows no signs of slowing
The war between banks for leading juniors shows no signs of slowing Photo: Getty Images/Fabrice Coffrini

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.

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