BIG BANKS ARE TIRED OF LOSING RECRUITS TO PRIVATE EQUITY
https://s.yimg.com/ny/api/res/1.2/rzmvMDKFCMWka5MMMYcEEg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://media.zenfs.com/en/bloomberg_holding_pen_162/95aa5cd38bb640447bebb7ed44488ddb
✍️ JPMorgan Chase & Co. and other banks are trying to curb the practice of 'on-cycle' recruitment, where private equity firms poach investment-banking analysts before they've even completed their training.
👉 JPMorgan and Goldman Sachs are trying to curb the practice of 'on-cycle' recruitment 👉 Private equity firms are poaching investment-banking analysts before they've even completed their training 👉 Banks have made efforts to stem departures, but the practice has persisted 👉 JPMorgan and Goldman Sachs are requiring new analysts to certify they haven't already lined up jobs elsewhere
-- #JamieDimon #MarcRowan #AdamKahn #TomRagland #Senegal #GeorgetownUniversity #business
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