At long last, the littlest members of Team Citi have gotten word they'll be receiving raises to base pay, just like their fellow junior mistmakers across Wall Street.
From the front lines:
"Citi announced internally on Monday raises for analysts.
- IBD starting base pay $85k
- 6 months in, Analysts promoted to 2nd Years with $90k base and stub bonus
- Analyst program cut to 2.5 years with accelerated promotions direct to associate after 2 years
- 'Firm is focused on retaining the best talent through above-market compensation, lifestyle benefits and emphasis on mobility'"