By Linette Lopez
Morgan Stanley plans to increase wages by 25% junior bankers, according to Bloomberg. This decision should not be surprising. Including the weekend actually give them - to the quality of life of their subordinates to improve Wall Street banks have a number of strategies implemented. The world is not what it was. Banks in the competition for talent, especially in the technology sector.
This wage increase is specifically connects and vice president, people between 20 and 30, which are easily poached by private equity firms and hedge funds, or you might want to take a few years to get to your MBA, never to return to shore.
Bloomberg:
Associated with major investment banks, a base salary of $ 85,000 to $ 180,000 can earn, according to recruiting firm in New York Vice Options Group Inc. rich salaries ranging from $ 120,000 to $ 250,000 based on the option group.
Bono take these numbers even higher. Full payment is usually determined at the end of the year. For 2013, Morgan Stanley has reported at least half of the premiums for employee compensation totaling at least $ 350,000 and incentive of $ 50,000, a person informed on the policy, said in January.
For the record, means a wage increase of 25% of basic salary, an increase in the premium of 25%.
I need to get in.
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