HSBC Boosts First-Year Banker Pay
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HSBC is reportedly the latest global bank to join the Wall Street trend of increasing salaries for junior executives.
Salaries of first-year analysts at HSBC’s investment bank will increase from $85,00 to $100,000, according to a report citing unnamed sources.
The bank introduced pay rises for existing analysts and associates in May.
London-headquartered HSBC joins a number of global financial institutions increasing wages to compete for investment banking talent including UBS, Credit Suisse, Goldman Sachs, Morgan Stanley, J.P. Morgan, Citigroup and Deutsche Bank.
Questions & Answers
Q.Which employees at HSBC will receive a pay rise?
Which employees at HSBC will receive a pay rise?
First-year analysts at HSBC's investment bank will see an increase in their salaries. Existing analysts and associates also received pay rises in May.
Q.What is the new salary for first-year analysts at HSBC?
What is the new salary for first-year analysts at HSBC?
Salaries for first-year analysts at HSBC's investment bank will increase from $85,000 to $100,000. This is based on a report citing unnamed sources.
Q.Why is HSBC increasing salaries for its junior executives?
Why is HSBC increasing salaries for its junior executives?
HSBC is increasing wages to compete for investment banking talent. It joins other global financial institutions following a Wall Street trend.
Q.Which other banks have increased salaries for investment banking talent?
Which other banks have increased salaries for investment banking talent?
Other banks that have increased wages include UBS, Credit Suisse, Goldman Sachs, Morgan Stanley, J.P. Morgan, Citigroup, and Deutsche Bank.
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