Barclays has followed Wall Street rivals by hiking the base pay for entry-level bankers to $100,000, bringing it in line with the increase announced by JPMorgan earlier this week.

The UK lender has told its US-based juniors in investment banking that their pay will increase by $15,000 for analysts and $25,000 for associates and vice presidents, according to those contacted by Financial News. The pay rises have yet to be communicated to City-based employees, according to two juniors contacted by FN, but are expected to be global.