Tuesday, July 17, 2007

Base Pay for Commercial Bankers at All-Time High in NYC

According to a recent article in Crain's New York (subscription required), New York banks are facing a shortage of commercial bankers. This may be good news for bankers who are currently in a job search. The competition for talent has accelerated base pay from $125K for the average banker to $175K for a star and the salaries have increased close to 25% over the past two years.

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