Moelis & Co is paying its juniors a $10,000 allowance and will attempt to offer more time off in a bid to protect their mental health, as more investment banks roll out perks for their younger employees.
The boutique investment bank told staff on 31 March that employees from analyst to executive director level would receive an initial payment of $5,000 followed by two $2,500 instalments, according to two people familiar with the move.
