Lazard Raises Annual Pay for First-Year Bankers to $100,000
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Lazard Ltd. is raising salaries for its U.S. junior financial-advisory analysts amid increased competition from buy-side and technology firms and intensified workloads during the pandemic.
First-year analysts will now earn at least $100,000, matching pay at Goldman Sachs Group Inc., Deutsche Bank AG, Citigroup Inc., Barclays Plc and JPMorgan Chase & Co., according to a person with knowledge of the move. Second- and third-year analysts will make $110,000, the person said, asking not to be identified because the information is private.