Investment Banking

Nomura hikes junior pay for a second time, matching Wall Street rivals

On Wall Street, $110,000 is the new normal starting salary

Nomura increased entry-level salaries from $85,000 to $100,000 in July last year
Nomura increased entry-level salaries from $85,000 to $100,000 in July last year Photo: Bloomberg via Getty Images

Japanese bank Nomura has hiked junior banker salaries for a second time within a year, matching Wall Street rivals amid a renewed push within its investment bank.

The bank has raised first-year analyst salaries in the US from $100,000 to $110,000, according to people familiar with the move. Those in their second year will now receive $125,000.

WSJ Logo