PJT Partners has raised entry-level salaries for its London juniors to £70,000, putting the boutique among the highest paying banks in the City for analysts amid an ongoing battle for talent. 

The boutique, which was set up in 2014 by former Morgan Stanley dealmaker Paul Taubman, has increased first-year analyst salaries in London from £55,000 to £70,000, according to people familiar with the matter, while second years have gone from £60,000 to £80,000. Third years are now paid £95,000, the people said. In the US, starting salaries are $110,000, they added.