Compensation Report: Investment Banking Salaries Rising?

According to an article published on Reuters, UBS—Switzerland’s largest bank—has decided to increase some investment banking salaries to “retain employees in critical positions” and compensate for lost bonuses. This trend may seem counterintuitive amid a recession, wherein many banks are losing money. However, UBS believes this kind of move is necessary to remain competitive with other banks making similar decisions. For MBA students with an eye for finance, this surprising trend is entirely positive. Still, with high salaries yet fewer positions available, this field will remain very competitive for the foreseeable future.