Citi plans to reduce the length of its investment banking analyst programme to two years. This change aims to address the competitive hiring environment and prevent the poaching of junior staff.
Citi is set to shorten its investment banking analyst programme to two years. This decision comes as the hiring war intensifies, particularly for junior bankers.
The reduction in programme length is designed to accelerate the promotion path for these employees. The bank aims to prevent young workers from being poached by private equity firms.
Why this matters: The change reflects a competitive landscape for talent within the financial sector, particularly for junior roles.
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