/9918578/Banner

/9918578/Banner_2

/9918578/Mid

section

articleId

product

orgType

parrefer

accountID

Consulting

Banking

Accounting

Fintech

Internships

Rankings

Internship Rankings

Intern Resource Center

Explore Internships

Vault Law Home

Practice Area Resource Centers

Regional Resource Centers

Summer Program Resource Center

Vault Law Culture & Inclusion Survey

Vault Law

Guides

Events

Financial Services

Technology

Grad School

Work Relationships

Productivity

Diversity, Equity & Inclusion

Social Impact

Remote Work

Negotiating

Changing Jobs

Workplace Issues

Blog

Resume Samples

Cover Letter Samples

Interview Tips & Questions

A Day in the Life

International

Career Readiness

Explore Professions

Research Industries

Search Companies

Career Advice

Employers

Schools

&lt;p&gt;In order to prevent more of their heavy hitting bankers from heading for the hills (a.k.a. to non-governmentally-patrolled waters), Citi and BofA plan to follow Morgan Stanley in boosting their bankers&#39; base salaries, making up for the shallow, kiddie-sized bonus pools now available to their employees due to that pesky federal program called TARP.&lt;/p&gt;&lt;p&gt;Across the way, in Switzerland (the country formerly known as a tax shelterist&#39;s wet dream, now known as a tax shelterist&#39;s worst nightmare), UBS also said it plans to hold to its word of pushing salaries north, attempting to hold its ranks from handing in their resignations. &lt;/p&gt;&lt;p&gt;Meanwhile, back in Gotham,&amp;nbsp;JPMorgan and Goldman Sachs are keeping their heads down, as well as their base salaries, hoping to repay the U.S. government as soon as possible and thus maintain their&amp;nbsp;decades-old&amp;nbsp;practice of paying VPs, MDs and the like in one-time checks with several zeros on the left side of the decimal. &lt;p&gt;Also of note today: the &lt;em&gt;Times&lt;/em&gt; cites a study that basically says if you want to spend time with your kids or your spouse,&amp;nbsp;go into medicine, not finance; and in an article in the current issue of &lt;i&gt;The Brown Alumni Magazine&lt;/i&gt;, Meredith Whitney, the famous Brown alumnus and ex-Oppenheimer analyst who now runs an eponymous research firm, has some advice for would-be investment bankers: do it for the love, not for the big money. Because, she says, the big money&#39;s gone.&lt;/p&gt;

Derek Loosvelt

Article

Private Equity On-Cycle Hiring is Faster, Earlier, and Wilder Than Ever

Investment Banking Internships for Summer 2027 Are Open: How, When, and Where to Apply

MBA vs. CFA: Which Pays Off More for Banking and Finance Professionals?

How AI is Changing Careers in Banking and Finance

The Library