Morgan Stanley has raised base salaries for entry-level bankers to $100,000, leaving Goldman Sachs as the last remaining Wall Street bank yet to hike pay for juniors.
The US investment bank has increased pay to $100,000 for first year analysts, according to people familiar with the matter, while those in their second year will receive $105,000. The salary increase will be from 1 August and rises from $85,000 and $90,000 respectively.
