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Interested in others perspective, but I'd almost consider "reverse ageism" to be the issue in banking.  Generally, the hierarchy is so strict and there is constant jockeying to be the banker that "adds the value" which translates to won mandates.  Within the team, good luck getting people to take your opinions and contributions seriously without meaningful experience.  It's a bleak thought, but the person who controls the relationship pretty much decides what constitutes a good idea and who receives credit.

That said, revenue rules everything and if there was a 5 year old landing big mandates they'd be celebrated as a god.  In some ways, that is a level of transparency that I can appreciate.

 

In our firm older managers have significantly more respect based on experience, their network, their gravitas and leadership style.
This doesn't mean that there is a role for every manager who wants to move up though..

 

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