Junior Bankers
Jefferies CEO offers junior bankers support after associate death, calls out online ‘venom’
The Jefferies boss condemned ‘venom’ on social media and called on analysts and associates to ask for support when they need it
Jefferies associate’s death puts banks’ brutal hours under scrutiny again
Juniors are angry at the lack of change in the way investment banks work, despite the detrimental effects of extreme long hours
6 min read
JPMorgan’s Europe CEO: ‘We have a chance to change the way that junior bankers work’
JPMorgan’s junior banker reforms ‘not yet the end game’, according to its co-head of global banking Filippo Gori
3 min read
Rebel junior dealmakers stick with banking despite burnout: ‘The job market is a shock to many’
'There’s definitely a feeling of being safe at a big and stable bank if you are performing well'
6 min read
Inside Citigroup’s Málaga plan to battle banker burnout
'It’s unlikely that analysts are producing their best work with creative thinking after 12-15 hour days'
8 min read
Nomura hikes junior pay for a second time, matching Wall Street rivals
On Wall Street, $110,000 is the new normal starting salary
2 min read
Bankers quit to freelance in revolt against burnout: ‘I can go to dinner with my girlfriend on Saturday night’
Brutal 100-hour weeks have triggered a wave of soul-searching, while freelance gigs pay up to $250 an hour
8 min read
RBC Capital Markets to hike associate bonuses as junior talent war continues
Bumper bonuses from the Canadian bank lay down the gauntlet for Wall Street rivals
2 min read
JPMorgan hikes junior sales, trading and research analyst pay
First years will see their pay bumped up from $85,000 to $100,000
1 min read
Houlihan Lokey raises junior salaries to $105,000 amid sector burnout crisis
The new salaries edge ahead of most larger rivals
2 min read
80-hour weeks are a must to rise in banking, JPMorgan exec says
Mary Erdoes says bankers can become experts in two to three years, rather than five
BlackRock boosts pay for juniors and middle managers
The asset manager's employees up to and including director level will receive an 8% pay bump
Why $100,000 a year still isn’t enough for 21-year-old bankers — ‘Banks need to worry’
“Quality of life considerations are making a comeback, as the workload has increased drastically.”
Citigroup increases junior banker pay as talent war heats up
The bank is hiking pay to bring its juniors in line with Wall Street rivals
If City firms are serious about ESG, they must start with staff welfare
All the talk is of sustainability, but workloads for many have become unsustainable
4 min read
Banks in staffing crisis as 70% of burned-out juniors flee: ‘This is ridiculous’
'Banks are haemorrhaging junior bankers,' says one headhunter
4 min read
Jefferies fast-tracks junior bankers amid burnout and battle for talent
The US investment bank previously made headlines by offering burned-out associates Pelotons and Apple products
3 min read
‘I don’t miss a thing’: Burned-out junior bankers reflect on life after quitting
‘We’ve moved on from the days when everyone had to be a lawyer, consultant or banker to make a living,’ says Tobias Taupitz, a former Barclays associate who now runs a fintech startup
6 min read
Goldman juniors’ 100-hour weeks and the plight of young bankers — Here’s what you need to know
A leaked Goldman Sachs document kicked off a period of soul-searching at banks — with perks, bonuses and hiring sprees aimed at helping junior staff
3 min read