UBS hikes junior bankers' pay to US$100,000, following Wall Street rivals

The Straits Times2021-07-22

NEW YORK (BLOOMBERG) - UBS Group is lifting salaries for junior bankers, associates and directors in the US, making it the latest financial firm to boost pay in an effort to retain younger employees ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

SandDust
2021-07-22
SandDust
I should have join as investment banker.
- KamenR:
  Haha. I feel exactly the same way. A tad late for me to switch career paths.
Limpek
2021-07-22
Limpek
What is 100,000 compare to earning billions in a quater.
- 超群yibo:
  But stock still below $16. Undervalue?
- SandDust:
  Agree
SSVC
2021-07-22
SSVC
Yup Appreciate your response and comments Thanks
- Angsana:
  ok
AhKeong91
2021-07-22
AhKeong91
Comment and like tq
- CloudStrife:
  Commented.

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2153625933?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-07-22 09:43","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2153625933","market":"us","top_or_hot":-1,"title":"UBS hikes junior bankers' pay to US$100,000, following Wall Street rivals","media":"The Straits Times","content":"<div>\n<p>NEW YORK (BLOOMBERG) - UBS Group is lifting salaries for junior bankers, associates and directors in the US, making it the latest financial firm to boost pay in an effort to retain younger employees ...</p>\n\n<a href=\"http://www.straitstimes.com/business/banking/ubs-hikes-junior-bankers-pay-to-us100000-following-wall-street-rivals\">Source Link</a>\n\n</div>\n","source":"straits_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UBS hikes junior bankers' pay to US$100,000, following Wall Street rivals</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUBS hikes junior bankers' pay to US$100,000, following Wall Street rivals\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-22 09:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/banking/ubs-hikes-junior-bankers-pay-to-us100000-following-wall-street-rivals><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (BLOOMBERG) - UBS Group is lifting salaries for junior bankers, associates and directors in the US, making it the latest financial firm to boost pay in an effort to retain younger employees ...</p>\n\n<a href=\"http://www.straitstimes.com/business/banking/ubs-hikes-junior-bankers-pay-to-us100000-following-wall-street-rivals\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"USB","symbol_name":"美国合众银行","start_time":0,"source_url":"http://www.straitstimes.com/business/banking/ubs-hikes-junior-bankers-pay-to-us100000-following-wall-street-rivals","article_id":"2153625933","we_media_id":null,"thumbnails":[],"rights":{"source":"straits_highlight","url":"http://www.straitstimes.com/business/banking/ubs-hikes-junior-bankers-pay-to-us100000-following-wall-street-rivals","rn_cache_url":null,"customStyle":"","selectors":"body","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2153625933","pubTimestamp":1626918227,"sourceInfo":{"source_id":"straits_highlight","name":"Straits Times"},"weMediaInfo":null,"summary":"NEW YORK (BLOOMBERG) - UBS Group is lifting salaries for junior bankers, associates and directors in","collect":0,"end_time":0,"defaultTopTitle":"straitstimes.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"USB":"美国合众银行"},"translate_title":"瑞银将初级银行家的薪酬提高到美国10万美元，紧随华尔街竞争对手之后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"USB":0.9},"content_text":"NEW YORK (BLOOMBERG) - UBS Group is lifting salaries for junior bankers, associates and directors in the US, making it the latest financial firm to boost pay in an effort to retain younger employees amid increased competition from buy-side and tech firms and crushing workloads from a surge in deals.\nFirst-year analysts will now earn at least US$100,000 (S$136,000) a year, matching pay at Deutsche Bank, Citigroup, Barclays and JPMorgan Chase & Co, while their second-year counterparts will make US$105,000 and third-year analysts will bring in US$110,000, according to a person with knowledge of the increase.\nThe raises for US employees at the Zurich-based bank will take effect Aug 1, the person said, asking not to be identified because the information isn't public. Associates will earn US$175,000 to US$225,000 and directors at least US$275,000 after the raises, the person said.\nUBS joins the slew of financial firms, which includes PJ Solomon and Guggenheim Partners, that have lifted base salaries for first-year bankers to US$100,000 in a bid to stem defections of younger staff inundated by work. Mary Erdoes, chief executive officer of JPMorgan's asset and wealth management business, defended such intense workloads, saying they were necessary to adequately train analysts starting out on Wall Street.\n\"If you think 10,000 hours is about what you need to master any subject, if someone comes in and has a regular, eight-hour-a-day job, five days a week, it's gonna take about five years to have a base-level mastery,\" she said in a Bloomberg Television interview. \"On Wall Street, it's more like 12 hours a day, six days a week. That cuts you down to about two and a half years before you become mastered in something.\"","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":172011847,"gmtCreate":1626920258089,"gmtModify":1703480599131,"author":{"id":"3581331938298103","authorId":"3581331938298103","name":"SandDust","avatar":"https://static.tigerbbs.com/ea6083d742fc232449a625fb122842c8","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3581331938298103","authorIdStr":"3581331938298103"},"htmlText":"I should have join as investment banker.&nbsp;","listText":"I should have join as investment banker.&nbsp;","text":"I should have join as investment banker.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/172011847","repostId":2153625933,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5289722,"gmtCreate":1626920641337,"gmtModify":1663231300542,"authorId":3583799729432788,"author":{"id":3583799729432788,"idStr":"3583799729432788","authorId":3583799729432788,"name":"KamenR","avatar":"https://static.tigerbbs.com/db3db81fd6b762e83625b40b8566dec3","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":172011847,"type":1,"supId":0,"prevId":0,"content":"Haha. I feel exactly the same way. A tad late for me to switch career paths.","text":"Haha. I feel exactly the same way. A tad late for me to switch career paths.","html":"Haha. I feel exactly the same way. A tad late for me to switch career paths."}],"langContent":"EN"},{"id":172013800,"gmtCreate":1626920221900,"gmtModify":1703480598155,"author":{"id":"3585026211789841","authorId":"3585026211789841","name":"Limpek","avatar":"https://static.tigerbbs.com/e38d5e6a0aa567606fd0fd668de77588","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3585026211789841","authorIdStr":"3585026211789841"},"htmlText":"What is 100,000 compare to earning billions in a quater.&nbsp;","listText":"What is 100,000 compare to earning billions in a quater.&nbsp;","text":"What is 100,000 compare to earning billions in a quater.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/172013800","repostId":2153625933,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5301548,"gmtCreate":1627011336498,"gmtModify":1663231360232,"authorId":3576231291459124,"author":{"id":3576231291459124,"idStr":"3576231291459124","authorId":3576231291459124,"name":"超群yibo","avatar":"https://static.tigerbbs.com/6594cf6901beda8fdf0f00a0e5853f18","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":172013800,"type":1,"supId":0,"prevId":0,"content":"But stock still below $16. Undervalue?","text":"But stock still below $16. Undervalue?","html":"But stock still below $16. Undervalue?"},{"id":5289675,"gmtCreate":1626920267912,"gmtModify":1663231300746,"authorId":3581331938298103,"author":{"id":3581331938298103,"idStr":"3581331938298103","authorId":3581331938298103,"name":"SandDust","avatar":"https://static.tigerbbs.com/ea6083d742fc232449a625fb122842c8","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.01.09","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":172013800,"type":1,"supId":0,"prevId":0,"content":"<u>Agree</u>","text":"<u>Agree</u>","html":"<u>Agree</u>"}],"langContent":"EN"},{"id":172034421,"gmtCreate":1626920074263,"gmtModify":1703480592938,"author":{"id":"3574906731000207","authorId":"3574906731000207","name":"SSVC","avatar":"https://static.tigerbbs.com/545a5ea462ff4ac7cc100bd3d8d97f72","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574906731000207","authorIdStr":"3574906731000207"},"htmlText":"Yup Appreciate your response and comments Thanks&nbsp;","listText":"Yup Appreciate your response and comments Thanks&nbsp;","text":"Yup Appreciate your response and comments Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/172034421","repostId":2153625933,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5289660,"gmtCreate":1626920145842,"gmtModify":1663231297827,"authorId":3575326435298567,"author":{"id":3575326435298567,"idStr":"3575326435298567","authorId":3575326435298567,"name":"Angsana","avatar":"https://static.tigerbbs.com/3c8492153d7059ec1aa704a1bd541c14","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":172034421,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"},{"id":172095844,"gmtCreate":1626919449288,"gmtModify":1703480575894,"author":{"id":"3582521635826566","authorId":"3582521635826566","name":"AhKeong91","avatar":"https://static.tigerbbs.com/1cd86f26ec2a27b3a145626d23416fa4","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3582521635826566","authorIdStr":"3582521635826566"},"htmlText":"Comment and like tq","listText":"Comment and like tq","text":"Comment and like tq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/172095844","repostId":2153625933,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5289638,"gmtCreate":1626920052222,"gmtModify":1663231297452,"authorId":4088395966157920,"author":{"id":4088395966157920,"idStr":"4088395966157920","authorId":4088395966157920,"name":"CloudStrife","avatar":"https://static.tigerbbs.com/c8b6c92f874979adf46532fabf329bd9","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":172095844,"type":1,"supId":0,"prevId":0,"content":"Commented.","text":"Commented.","html":"Commented."}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":64,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2153625933"}