…in which case, better luck next time.

While first year analysts at several major U.S. banks, including Goldman Sachs Group Inc., are looking forward to fatter paychecks, it seems their European counterparts can brace themselves for relative austerity. Credit Suisse Group AG and Deutsche Bank AG are monitoring the situation and haven’t made any decisions yet on increasing salaries, people close to the banks say. A person familiar with the matter says that Barclays in the U.S. will increase junior banker pay in line with the rest of the street. It’s not clear whether Barclays will do the same for its operations in Europe. UBS AG said it was comfortable with the current mix of pay and bonuses, according to one person familiar with the matter.

Juniors’ Pay Sees No Meaningful Rise at European Banks [MoneyBeat]

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Comments (6)

  1. Posted by Guest | August 22, 2014 at 12:39 PM

    "UBS AG said it was comfortable with the current mix of pay and bonuses, according to one person familiar with the matter."

    Shocking.

  2. Posted by el invitado | August 22, 2014 at 12:55 PM

    Another nail in the coffin.

  3. Posted by Guest | August 22, 2014 at 1:46 PM

    UBS rules and you know it!

  4. Posted by Guest | August 22, 2014 at 2:03 PM

    Censoring comments DB? Get real

    Next summer at Sloppy Tuna " I work at Goldman, I banked 85K pre-bonus. Wanna come back to my share house?"

    Real panty dropper

  5. Posted by 50% marginal tax | August 24, 2014 at 11:37 AM

    85k is the new killing it….in Texas…Dallas equities to be exact

  6. Posted by Guest | August 24, 2014 at 12:22 PM

    What part of these 85k is food stamps?

    - UBS MD – Top bucket