On: Wall Street Banks Lift Pay for Junior Bankers

I've long feared that people who have graduated during the recession (like me) will draw lower salaries for life and be another "lost generation" (or at least a bit less "found"). This article seems to confirm this - future new hires will be getting higher salaries, but people who were first hired in the preceding years will keep the same salaries. So, if someone was hired 2 years ago at $70K and is now making $84K (a 20% raise after two years) will be at the same position (pay-wise) as someone just starting (at $85K, according to the article).

I think salaries go up quickly. They'll probably be making a few hundred thousand dollars within 5 years.

@ melling, true the salaries go up quickly . they probably do some dollars in the range of 5 years