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Main Discussion

NQ pay
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Fred Flinstone
Posted - 20 April 2017 09:46
'Pay trainees and NQs less; pay mid-level associates more, argues influential commentator''

I just cannot see the trend reversing.. You only need one MC firm to increase and the other firms follow suit, which has a knock-on effect for SC, and then below that.

I can only see the NQ figure continue to rise (if more modestly).

What are your predictions for the next few years?
Fred Flinstone
Posted - 21 April 2017 11:21
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Any thoughts?
Brad's big donger
Posted - 21 April 2017 11:23
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I agree
Capcrunch
Posted - 21 April 2017 11:54
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Surely it depends upon demand for 'juniors'/graduates in the city? If there is a sudden reduction in the need for them, then market forces may allow firms to reduce junior salaries without impacting their ability to recruit able candidates. If banks continue to relocate staff, and firms continue to jettison teams, it isn't unrealistic.

Didn't something similar happen after the financial crash? Trainee and NQ salaries dropped a chunk and then were frozen for 5 or so years?