A boutique investment bank run by a former Goldman Sachs banker has just upped the ante on junior pay as the battle for talent continues.

FT Partners, an advisory firm focused on the fintech sector, has rolled out a pay rise for its analysts that will increase starting salaries from $100,000 to $140,000 in the US and to £85,000 in London, according to people familiar with the move. Second years will now be paid $150,000, or £95,000 in London.