According to people familiar with the matter, Mizuho FinancialThe group joined Wall Street's pay increase team to increase the pay of its junior bankers in the United States.
Mizuho Americas, a subsidiary of the Japanese bank, raised the annual salary of junior analysts in its first year to $100000, according to people familiar with the matter, who spoke on condition of anonymity because the information was not yet public.
As the intensity of work increases and competition for talent intensifies, in recent weeks, JPMorgan Chase, Citigroup, Deutsche Bank, Barclays and Lazard Ltd. Have raised analyst pay in their first year to $100000.
Wall Street Prep, which provides courses and training for some large investment banks, estimates that the standard base salary for analysts at big Wall Street banks in their first year on the job is about $85000 before they start raising salaries in recent months.