Finance

UBS is raising salaries for investment bank analysts, associates, and directors, as the Swiss bank races to keep up with the rest of Wall Street

Summary List PlacementA day after German lender Deutsche Bank announced it would raise salaries for junior investment bankers, Swiss bank UBS is following suit. The bank is raising salaries for analysts, associates, and directors within its investment bank, two people familiar with the matter told Insider on Wednesday. The raises are effective August 1, according to a person familiar with the comp bump.  Previously, UBS offered a one-time $40,000 bonus to investment bankers promoted to the associate level, Bloomberg reported in May. On Tuesday, UBS beat research analysts estimates for its second-quarter earnings.  But the bank has also seen exits in its ranks. Insider...

UBS

Summary List Placement

A day after German lender Deutsche Bank announced it would raise salaries for junior investment bankers, Swiss bank UBS is following suit.

The bank is raising salaries for analysts, associates, and directors within its investment bank, two people familiar with the matter told Insider on Wednesday.

The raises are effective August 1, according to a person familiar with the comp bump. 

Previously, UBS offered a one-time $40,000 bonus to investment bankers promoted to the associate level, Bloomberg reported in May.

On Tuesday, UBS beat research analysts estimates for its second-quarter earnings. 

But the bank has also seen exits in its ranks. Insider reported in May a team of technology, media, and telecom bankers from UBS left the bank for SVB Leerink.

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