by Paul Kilby
Keeping the Best on Board
Brazilian investment bankers are seeing upward wage pressures abate as newcomers enter the marketplace.
But veteran players can still command top dollar.
Veteran investment bankers are still in high demand in
Brazil with generous packages and guaranteed bonuses reflecting
the dearth of top talent in that country. Yet those on the
lower rungs of the employment ladder may have to content
themselves with incremental wage growth or nothing at all.
The euphoria that has infected Brazil's investment banking
community over the last few years and driven wages into the
stratosphere is starting to fade somewhat, as international
banks axe jobs worldwide in response to poorer results and the
recent influx of recruits starts to redress the supply and
demand imbalances in the labor market.
The fifth annual compensation survey by LatinFinance in
association with global recruitment firm Options Group shows
base pay for senior management still increasing over the
2010-2011 period in areas such as DCM, equity research and
M&A, but associates and analysts are watching wages
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