JPMorgan Raises Junior Bankers’ Salaries for a Second Time (1)

JPMorgan Chase & Co. is raising junior bankers’ pay for the second time in seven months.

Salaries for first-year investment-banking analysts will start at $110,000, up from the boost to $100,000 announced in June, according to a person familiar with the matter. The bank is raising second-year analyst pay to $125,000 and third-year pay to $135,000. The markets unit will see similar jumps.

The raises will apply internationally, and pay for associates will also be increased, the person said, asking not to be identified discussing non-public information. A spokesman for JPMorgan didn’t immediately respond to a request for comment. Financial ...