Banker pay

Bankers' shrinking pay packages

Investment banks are grappling with higher fixed costs as a result of an increase in base salaries, and are being forced to lay off staff.
<div style="text-align: left;"> Hands up, who wants a pay rise? </div>
<div style="text-align: left;"> Hands up, who wants a pay rise? </div>
September 11, 2012

With culls taking place across the street, it is a brave new world for out-of-work bankers. But beneath the headline numbers, there have been meaningful changes to pay packages, which have contributed to the predicament that many investment banks now find themselves in: high fixed costs combined with slowing deal flow.

¬ Haymarket Media Limited. All rights reserved.

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