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>

Related Content

Content Type

25 Best Investment Banks to Work for in 2022

Today, we're excited to release our 2022 Banking 25, a ranking of the best investment banking firms to work for in North America. The ranking is based on a survey of more than 3,600 banking professionals.

Content Type

Why Fintech Is Growing So Fast and How to Break Into This White-Hot Industry

Brian Hamilton is the founder and CEO of One, a fintech startup that provides digital banking services to the shrinking U.S. middle class.

Content Type

50 Best Accounting Firms for 2022

Today, we release our annual Accounting 50, a ranking of the best accounting firms to work for. The ranking is based on a survey of approximately 11,400 accounting professionals, who were asked to rate their firms in several workplace categories, including business outlook, compensation, culture, hours, training, overall satisfaction, and work/life balance.