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JPMorgan cuts junior bonuses by 52% as banks row back on analyst pay
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JPMorgan cut bonuses for its entry-level bankers in London by 52% this year, the biggest drop of any major investment bank, after 2021 saw multiple salary hikes for juniors.
The US investment bank paid average bonuses for first-year analysts in the UK of £21,000, according to a survey of junior dealmakers by specialist recruiters Dartmouth Partners.
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