A few senior moves this fall say a lot about how banks think about talent right now. Goldman Sachs hired Joseph Servi, SMBC’s co-head of asset-backed securities and head of digital infrastructure and esoteric ABS origination, as a managing director in AI...
What slower fundraising and stuck exits mean for private equity hiring, and for bankers planning a move to the buy side For most analysts and associates, private equity is still the default next step. It is also where the pipeline is tightest. U.S. PE deal value fell...
In the span of two weeks, both sides of the analyst-to-associate pipeline moved. On October 5, Citi said it is cutting its investment banking analyst program from three years to two. On October 15, Business Insider reported that Apollo is delaying recruiting for its...
Citi is shortening its investment banking analyst program from three years to two. The stated goal is retention, and that is likely the main driver. But the change arrives as Citi streamlines its workforce, invests heavily in its investment bank and rolls out AI...
The contract you sign on the way in decides how fast you can leave, and at the most aggressive funds that clock now runs as long as two years. For a lot of investment bankers, the dream exit is not private equity anymore. It is a seat on an investing team at a large...
For most of the past decade, leaving banking was treated less as a decision than as a milestone. Most bankers exited after two years for private equity, growth equity, private credit, hedge funds, corporate development or other roles on the buy side. The appeal was...
