How Much is Enough? Hint: $10,000 Pay Raises Can Backfire

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I recently read an interesting article by Kelly Anderson exploring the surge in salary increases for entry-level professionals as top companies try to retain their young talent. Elite law firms and Wall Street companies are paying entry-level associates premium salaries and raises as they attempt to keep people in the fold.

At the same time, employees in some of the industries have become vocal about problems with the work culture. The author cites a group of junior analysts at a New York City investment bank who complained about 100-hour workweeks and the breakdown of their physical and mental health.


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