Credit Suisse has increased salaries for first-year analysts to $100,000, making it the last major investment bank to offer six-figure entry-level salaries amid a bidding war for juniors.

The Swiss bank told analysts within its investment banking and capital markets units that it would pay $100,000 salaries for first year analysts, $105,000 for those in their second year and $110,000 for third years, according to a person familiar with the matter. They will be back-dated to 1 July.