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Barclays follows JPMorgan with salary increase as dominos fall

Barclays follows JPMorgan with salary increase as dominos fall
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Bank of America hiked junior pay despite already being top payer

Bank of America is the latest bank to hike pay for its juniors. A post on the Litquidity Instagram account earlier today said the bank is increasing analyst salaries by $10k and associate and vice presidents salaries by $25k, starting May 1st.
Bank of America isn t commenting on the amounts, but in a memo sent to juniors and seen by eFinancialCareers, it said that base salaries are being increased to reflect the, ongoing remote work environment coupled with recent pace of record market activity and client requests and transactions.
It s understood that the increases are being implemented globally, based on percentage rises to existing amounts. ....

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