Morgan Stanley raises pay for institutional securities analysts
Reuters
Published Aug 31, 2021 02:34PM ET
NEW YORK (Reuters) - Morgan Stanley (NYSE:MS) raised pay for starting analysts in its institutional securities division, making it the latest bank to increase compensation amid high demand for the entry-level workers.
The move raises pay for all starting analysts to $110,000 across sales and trading, research, investment banking and global capital markets divisions, according to a source familiar with the announcement.
The new salary will take effect in January, according to Business Insider, which first reported the news.
Morgan Stanley raised base pay for first- and second-year bankers in the investment bank and global capital markets divisions in late July, following similar moves by rival Wall Street banks.
Those workers' base pay increased to at least $100,000, from around $85,000, starting this month. The increase announced on Tuesday will align salaries for starting analysts across the whole institutional securities division, said the person, who declined to be identified.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.