Goldman Sachs raises pay for junior bankers after 100-hour week complaints

Increases are thought to apply to three most junior positions across investment bank

Goldman Sachs is increasing pay for its junior bankers, months after graduates raised concerns over inhumane" working conditions and 100-hour weeks.

The Guardian understands that the salary increases apply to the three most junior positions across the investment bank, with first-year analysts - who previously received about 50,000 in base pay - set to see their pay rise to $110,000 (79,000) before bonuses. Second-year analysts are being notified that their pay will rise to $125,000, while their more senior associates will bring in $150,000.