Goldman Sachs has introduced a policy requiring its junior bankers to certify every three months that they have not accepted job offers from private equity firms or other competitors. This measure aims to curb the aggressive poaching of junior talent by buyout firms, which has been increasingly targeting analysts early in their careers. In addition to this certification requirement, Goldman Sachs has launched a new career path program designed to retain interns by offering them a clear progression from full-time banking roles to positions within the bank's asset management division after two years. This initiative seeks to provide an attractive alternative to jumping to private equity firms. Following Goldman Sachs, Citigroup has also adopted a similar approach, asking its new class of investment banking analysts to disclose if they have accepted job offers from other firms, reflecting a broader industry effort to limit talent migration to private equity.
Citi set to grill junior bankers over private equity 'job-hopping' https://t.co/pm9j1SrFI7 https://t.co/q31AVHOn0S
Investment banking analysts after pulling their first all-nighter https://t.co/kiCMDkhF6Y
¿Te vas o te quedas? Citigroup pedirá a sus nuevos analistas declarar si aceptaron otra oferta laboral, en un intento por frenar la fuga de talento hacia firmas de capital privado. https://t.co/92lxen60Ri