Pay
JPMorgan Raises Salaries for Junior Bankers for Second Time
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JPMorgan Chase & Co. is raising junior bankers’ pay for the second time in seven months.
Salaries for first-year investment-banking analysts will start at $110,000, up from the boost to $100,000 announced in June, according to a person familiar with the matter. The bank is raising second-year analyst pay to $125,000 and third-year pay to $135,000. The markets unit will see similar jumps.