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Pay Hike Watch '15: Barclays Midlevel Employees Not Happy To See Junior Employees Gaining On Them

Some people are happy with raises Barclays junior bankers are set to receive. Others, like the people just above them on the totem pole, who can only sleep at night knowing the pissants they work with are being paid significantly less money, are not as thrilled.
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Barclays Plc is planning to raise pay for junior investment bankers as the bank seeks to retain talent, said two people with knowledge of the matter. Some Barclays junior employees are set to receive an increase of 20 percent to 40 percent in salary and bonuses, said two people familiar with the plans, who asked not to be identified because the move isn’t public. The plans have prompted mid-level employees to express their unhappiness about the shrinking compensation gap with their juniors, they said. [Bloomberg]


Pay Hike Watch '15: Credit Suisse, Deutsche Bank

Credit Suisse and Deutsche Bank are said to be raising junior banker base pay. This is happening so the banks can cut said junior bankers' bonuses so senior bankers don't have to feel bad about themselves. Just go with it.