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Citi Speeds Up Promotions for Junior Bankers
Original: citi
Citigroup is accelerating the promotion path for junior bankers, shortening the typical route to senior roles. The move is widely read as part of the bank's effort to compete with private equity firms, which have been luring young talent away with faster advancement and higher pay. It signals how aggressively Wall Street banks are reworking career ladders to retain staff.
Why now: Citi's restructuring of junior banker careers in response to private equity competition is newsworthy for the finance industry.
Evidence
- Now Citi will promote even its moderately good analysts to associate after two years · eFinancialCareers
- Citi Speeds Junior Bankers’ Ascent in Fight With Private Equity · Bloomberg.com
Elsewhere
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