For Recruiters
Things are looking up at Citi.

Citi analysts now mostly happy with their salaries and bonuses

If you've been paying extra careful attention to our stories about Citi this year, you may recall that juniors at the bank have been complaining quite a bit. It hasn't been happening for them in terms of pay. When other banks increased their salaries for a second time in London, Citi did not. Last year's anayst bonuses were also disappointing, and the grumbling had been getting louder. 

It seems that Citi was listening. The US bank announced its analyst bonuses last week and unlike Morgan Stanley, it seems to have been semi-generous. Even better, base salaries were finally increased in line with other banks.

"First year analysts are now on £70k," says one Citi insider of the new salaries. "Second years are on £80k. Third years are on £85k." 

Citi analyst bonuses are rumored to have ranged from 60% of salaries for mid-ranking performers to as high as 81% for top performers, putting it vaguely on a par with Bank of America (which paid up to 75%-100%) and way ahead of Morgan Stanley (30%). 

Even so, not everyone is over the moon. "They were in line with other banks," says one insider. "But because the base salary was lower for the last year, the total comp wasn't that amazing. It was nothing special." 

Click here to create a profile on eFinancialCareers. Make yourself visible to recruiters hiring for junior jobs with lavish pay in technology and finance. 

Have a confidential story, tip, or comment you’d like to share? Contact: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher)

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

Photo by Afif Kusuma on Unsplash

 

author-card-avatar
AUTHORSarah Butcher Global Editor
Cancel

Apply for jobs

Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Jobs
JK Barnes
Quantitative Researcher
JK Barnes
London, United Kingdom
Gresham Hunt
Quantitative Analyst
Gresham Hunt
London, United Kingdom
Selby Jennings
Quantitative Trader - HFT
Selby Jennings
London, United Kingdom
Paritas Recruitment - Audit
Counterparty Credit Risk Professionals (AVP, VP & SVP)
Paritas Recruitment - Audit
London, United Kingdom
ParagonAlpha
Quantitative Trading Strategist
ParagonAlpha
London, United Kingdom
Selby Jennings
Market Risk Model Development & Validation
Selby Jennings
London, United Kingdom