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Firms are also short-sightedly seeing less value in entry-level staff as they’re trying to push more L1 tasks onto the toasters.
How much do you think you’re worth as an entry level analyst?
Give me a number and a geo.
I’m fascinated, and I’m willing to go down the road with you here.
The answer is they can any time the want. I think your question is when will they. And the answer to that is when they have to pay more to get the candidates they want. Entry positions never adjust for inflation. Salaries are market driven.
And they are still some of the top paying entry level positions, so if you get an offer you won't be getting much sympathy from your peers going elsewhere.