BarCap Banking Salaries Go Up But S&T Salaries Remain the Sa

Published: Oct 02, 2009

Topics: Finance       
That's the word on the Street. More specifically, first-year investment banking salaries, according to Dealbreaker sources, have jumped to $70,000 a year, but sales and trading first years will still be receiving a measly $60,000 per year. <p>Perhaps the 16.67 percent pay hike has something to do with the M&amp;A market seeming to have come back: More deals to be done means investment banking analysts will no longer have the time to Google their high-school classmates and upload photos to their Facebook accounts due to their having to put together pitch book after pitch book until the a.m. hours six and perhaps seven days a week (all while their sales and trading counterparts still get to work farmer hours&#8212;in when the sun comes&nbsp;up and out when, or just after, the sun goes down). Or, perhaps, it has something to do with the smaller bonuses they'll be getting next summer.</p>
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