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Morgan Stanley will increase junior bankers salaries by 25% and reduce their hours to improve employee retention, says Bloomberg.

The firm has also created time-management guidelines for their junior bankers, in addition to holding company conferences on career development.

Read: What business school really teaches you

Worldwide, Morgan Stanley is also increasing the salaries of vice presidents and associates.

Bloomberg reports that associates–those who have worked for a few years at the firm–can earn a base salary between $85,000 and $180,000.

Read the story here.

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Originally published on Advisor.ca

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