HSBC Boosts First-Year Banker Pay

Aug 5, 2021Updated Jun 1, 20251 min read

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.

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Mei Ling Tan

Contributor · RetailNews.asia

Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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