Keeping the Best on Board

Sep 1, 2011

Brazilian investment bankers are seeing upward wage pressures abate as newcomers enter the marketplace. But veteran players can still command top dollar.

by Paul Kilby

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 remain...

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