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Warburg Pincus is bumping pay by up to 30% for analysts and associates at the private-equity firm. The move will increase total compensation for investing-focused junior workers, meaning base plus bonus. 

Employees learned of the increases on an internal call last week, according to a source directly familiar with the situation. Warburg explained the raises as a move to bring comp in line with market rates, the source said. The news was first shared on social media by the finmeme account Litquidity on Wednesday evening. 

Warburg declined to comment to Insider. 

First-year associates at Warburg receive total compensation north of $330,000, according to user-submitted data from Wall Street Oasis.

Some Wall Street firms have recently told workers they’re getting special bonuses as the financial services industry takes notice of widespread burnout among junior talent in addition to fierce competition for workers as deal flow spikes.

Insider previously reported that Apollo Global Management has offered associates tiered bonuses reaching up to $200,000, if they agree to stick with the firm through September 2022.

Apollo has seen a raft of recent associate departures during a difficult year of remote work and demanding deal volumes.

Separately, Insider reported in March that Credit Suisse


Source:: Businessinsider – Finance

      

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