Goldman Sachs aims to retain junior bankers by providing the opportunity to shift from investment banking to asset management roles after two years. A letter sent to summer interns introduced this initiative, which allows a select group to apply for full-time positions in investment banking before transitioning to asset management. This strategy is a response to private equity firms competing for young talent and comes alongside similar measures from competitors like JPMorgan. Goldman is expanding its asset management division and focusing on alternative investments, including private lending.
Goldman Sachs is introducing a program for incoming junior bankers, allowing them to transition from investment banking roles to asset management roles within the bank after two years.
This move responds to the recruiting pressure from private equity firms, which seek to secure young talent before their investment banking stints conclude.
Dan Dees announced the initiative to summer interns, emphasizing that interested candidates should consult their managers for further details and next steps.
The asset management opportunities are linked to Goldman's expanding focus on alternative investments, including private lending, which has gained traction in the financial industry.
Collection
[
|
...
]