Morgan Stanley to raise junior bankers' base salaries by 25%

Tags: News
Morgan Stanley is raising base salaries for junior bankers by about 25% in a bid to improve working conditions and retention, Bloomberg said, citing 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, Bloomberg reported, citing the people.

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. Institutions such as Bank of America Corp have outlined measures to ensure that analysts and associates are recommended to take a minimum of four weekend days off per month.

Morgan Stanley did not immediately respond to an email asking for comment after normal business hours.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • India’s festivals teach us to share our wealth and joy

    India is an aporia in its own true sense.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Zehra Naqvi

How smells evoke strong memories

Remember that time when a passing fragrance transported you to ...

Dharmendra Khandal

Indian zoos need a fresh approach

Recently, when a man jumped in a tiger trench of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture