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Millennial Employees Confound Big Banks

Investment banks are trying to stop an exodus of junior bankers by adjusting their advancement models to better suit the expectations of the millennial generation.

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Hasnain says:

"Some bankers are baffled by the attitude of their more junior colleagues. There is a pain point among midlevel bankers who “can sometimes get frustrated if the younger analyst isn’t as available as they want them to be,” says Mr. Waldron, Goldman’s investment banking co-head.

Nevertheless, he says, “just because other people worked 80 to 100 hours [each week] in their life history doesn’t mean these people should.”"

Posted on 2016-04-10T03:19:19+0000