How much junior bankers are getting paid at 14 Wall Street firms after a frenzy of salary hikes

• Many Wall Street firms are raising base pay for junior investment bankers.
• The going rate for first-year analyst base pay is now at least $100,000 at many banks.

Wall Street investment banks are competing to keep talent by raising pay. Some banks are also going on $4 to staff up amid busy M&A and IPO activity - though headhunters say the $4 for junior talent.

The going rate for base pay for first-year investment banking analysts is now at least $100,000 across many firms. Evercore has $4.

Higher levels are likewise seeing big hikes. Lazard is raising base pay for $4 to a whopping $200,000 and $225,000. Those raises will go into effect Oct. 14 and be retroactive to July 1.

Some firms are also raising pay outside of just IB. Goldman Sachs $4 for first-year analysts and some second-year analysts in markets, wealth, and research. And Bank of America's $4 applied to analysts in global corporate and investment banking, global markets, and global research.

And a second wave of pay hikes has emerged, with firms including Morgan Stanley telling staff about $4 to pay that will go into effect in January 2022.

Trying to keep up with the latest on pay for junior bankers on Wall Street? Here's a bank-by-bank breakdown of changes in salaries for analysts, associates, and other levels at firms like Bank of America, Goldman Sachs, JPMorgan, Morgan Stanley, and more.

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Bank of America $4 for junior investment bankers that will go into effect in the coming months.

The firm is bumping salaries for analysts in global corporate and investment banking, global markets, and global research divisions, according to an internal memo sent by the bank's global banking and markets leadership team and reviewed by Insider.

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Analysts, associates, and vice presidents in Citigroup's banking, capital markets, and advisory division received base salary increases.

The raises will be reflected in payments starting in August, according to an internal announcement $4. Tyler Dickson and Manuel Falcó, co-heads of Citi's BCMA group, sent the memo, which was reviewed by Insider.

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The firm raised salaries for people in the global capital-markets and advisory group at the director level and below, which includes vice presidents, associates, and analysts. Salary raises took effect for directors, vice presidents, and associates as early as April.

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Evercore bumped its base compensation for junior bankers to make it among the $4 for first- and second-year analysts. The firm is also bumping base comp for first through fourth-year associates, Insider has learned.

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Goldman Sachs is bumping pay for investment banking analysts and associates, $4. The move came months after the firm's culture regarding junior bankers first $4

The firm later moved to raise salaries for $4.

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Guggenheim Securities, a division of the financial-services firm Guggenheim Partners, has raised base compensation for investment-bank analysts for a second time in a matter of months.

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Wall Street's biggest bank is rolling out pay bumps for junior workers in its investment bank, sources familiar with the situation $4.

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Lazard is raising base pay for first and second, and third-year associates. These raises will go into effect Oct. 14 and be retroactive to July 1,

It $4 first-year analyst salaries to $100,000; second-years to $110,000, and third-years to $110,000. Those changed went into effect as of the Aug. 13 payroll, retroactive as of July 1.

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Morgan Stanley is set to raise salaries for its junior traders and research analysts, as well as raising base compensation for junior investment bankers for a second time, Insider has learned.

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RBC raised analyst and associate base pay. The raises impacted US employees and went into effect in June.

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The firm is increasing base compensation for $4, according to an email sent by James Bunn, Raymond James' president of global equities and investment banking. The raises will take effect on Oct. 1.

While Bunn said in his email that the pay bumps should put Raymond James at the "high end of analyst salaries on the Street," junior bankers may not end up taking home more total pay than before.

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The bank is raising salaries for analysts, associates, and directors within its investment bank, two people familiar with the matter $4 on July 21.

The raises were effective Aug. 1. And analysts, associates, and directors across all regions are eligible for the raise.

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Wells Fargo raised base comp for analysts and associates in its corporate and investment bank, a Wells Fargo spokesperson confirmed to Insider. These raises are retroactive to July 1.

"We can confirm the adjustment of base pay in certain client-facing positions across the Corporate and Investment Bank, which ensures we remain competitive and aligned with market practices," the spokesperson said. "We are committed to offering compensation that attracts, motivates, and retains talent."

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William Blair $4 for bankers from first-year analysts to managing directors. The raises went into effect in the Aug. 15 payroll cycle. A person familiar with the matter told Insider that the raises apply to the firm's investment bankers globally.

$4 its investment-banking analysts, associates, and vice presidents who joined the firm before Jan. 31 they would receive "a special, one-time spot bonus" in the amount of $20,000. More recent hires got smaller bonuses. The special bonuses hit accounts in the April 15 payroll cycle.

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