A man sits on the Wall street bull near the New York Stock Exchange (NYSE) on November 24, 2020 in New York City. Spencer Platt/Getty Images There’s more evidence that would-be junior bankers are put off by Wall Street’s grueling hours.
Graduates are increasingly in favor of better work-life balance, according to a New York Times report.
Insider has previously reported on the junior banker shortage .
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There’s more evidence that a six-figure sum is no longer enough to lure novices into the grueling world of Wall Street.The New York Times reported that new and prospective graduates are increasingly unwilling to commit to a career in investment banking, despite starter salaries of $100,000 or higher . The Times spoke to several current and former analysts as well as students pursuing careers.Some do plan to pursue finance careers, but taking up engineering or quant roles rather than investment banking. Another group said that while they still valued the experience of investment banking for their CV, they didn’t want to do the job long term.Vince Iyoriobhe, who joined Bank of America as a rookie analyst, told the Times that he knew conditions would be tough, but would do the job for two years to gain experience before moving onto […]
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