Goldman Sachs (GS) does away with its signature right-of-passage - the 2-year entry-level...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

Goldman Sachs (GS) does away with its signature right-of-passage - the 2-year entry-level analyst program at which scores of young Whartonites (and kids from other schools) are introduced to Wall Street through 100 hour weeks of photocopying, creating spreadsheets, and eating super-expensive takeout at their desk. The shift comes as the company is losing its best analysts to the buy side.