Let's party like it's 2005.
In New York, investment banking comes close to matching its own enthusiasm of a decade ago. And MBA graduates are being well rewarded. For those who sign up to a job at a Wall Street investment bank they will benefit from a rise in their starting salary for the first time in five years. In 2014, base salaries were around $110,000; this year MBAs from top schools can expect to earn $125,000 as well as a sign-on bonus of $50,000. “Banks have come back,” says Roxanne Hori, associate dean for corporate relations and career services at NYU Stern. “The M&A marketplace is healthy and the start-up community is healthy, so there are lots of IPOs.”