Discover your dream Career
For Recruiters

Rothschild junior banker salaries now some of highest in market

As banks increase salaries for their analysts and associates, junior banker pay is being re-rated. The going rate or first year analysts on Wall Street in 2021 is $100k; the going rate for second year analysts is $105k; the going rate for third year analysts is $110k.

Rothschild appears to have outdone this. The bank is now understood to be paying some first year analysts $105k and some second year analysts $110k. Third years are presumably on $115k.

The increases are thought to apply to analysts in New York City. Some associates are thought to be getting the raises too. The new rates are understood to apply from July.

The increases mean that Rothschild now pays some of the highest salaries to junior bankers on Wall Street. The only banks to out-pay Rothschild appear to be Bank of America and RW Baird. Baird - which also prides itself on its culture - is said to have hiked first year salaries to $110k, and to be offering second year analysts $115k. 

Rothschild declined to comment on the pay rises, which are not thought to apply across the board. The new salaries mark a substantial increase for some: previously, Rothschild's first year salaries were $85k according to Wall Street Oasis. 

Have a confidential story, tip, or comment you’d like to share? Contact: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram also available. Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

Photo by Pepi Stojanovski on Unsplash

 

author-card-avatar
AUTHORSarah Butcher Global Editor

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Articles
Recommended Jobs
Edgworth Partners
Senior Investment Analyst, Infrastructure Private Equity
Edgworth Partners
London, United Kingdom
The Human Capital Company
Associate - Special Situations
The Human Capital Company
London, United Kingdom
Curtis Murray Associates
Investor Relations Associate
Curtis Murray Associates
London, United Kingdom
Edgworth Partners
Senior Associate, Infrastructure M&A and Debt Advisory
Edgworth Partners
London, United Kingdom

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.