Credit Suisse is set to hike salaries for junior bankers, bringing it in line with the vast majority of its major rivals as competition for talent heats up.

The Swiss bank is set to pay first year-analysts $100,000, according to people familiar with the matter. The move follows an earlier rise in March, which was coupled with a one-off ‘lifestyle’ bonus of $20,000 for juniors within its investment bank. Salaries will increase to $105,000 for second years and $110,000 for those in their third year.