Morgan Stanley to raise junior bankers' base salaries by 25 per cent: Report
Published on Jul 29, 2014 7:31 AM
NEW YORK (REUTERS) - Morgan Stanley is raising base salaries for junior bankers by about 25 per cent in a bid to improve working conditions and retention, according to Bloomberg, which cited people briefed on the matter.
Associates and vice-presidents in its investment banking and capital markets divisions worldwide will be the beneficiaries of the pay hike.
Morgan Stanley has also introduced time-management guidelines and internal conferences on career development for junior and mid-level bankers, said Bloomberg, quoting one of the people.
Investment banks across Wall Street have tried to ease schedules of junior bankers.
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