- According to a LinkedIn analysis done for the WSJ, analysts and associates who exited investment banks in 2015 had stayed an average of 17 months vs. 26 months a decade ago. Going back another ten years, the average tenure was 30 months.
- Goldman Sachs (NYSE:GS), JPMorgan (NYSE:JPM), Citigroup (NYSE:C), and Credit Suisse (NYSE:CS) are among the banks altering age-old traditions for young bankers - crazy-long hours of drudgery, slow advancement - to better suit the attitudes of this particular generation of worker bees.
- “We’re focused on trying to understand what’s important to the folks we hire right out of school,” says John Waldron, co-head of investment banking at Goldman.
- "Every day I can see the direct result of my action," says an ex-employee of Moelis (NYSE:MC), who gave up all-nighters preparing pitch books for the boutique investment bank to instead work for a mobile-gaming startup.