JPM Lateral Hiring - London
Hello fellow monkeys - Understand that lateral hiring is currently very strong at all banks, but even accounting for JPM having the largest headcount in London (if I am not mistaken) there seems to be an outsized number of open spots at Analyst/ Associate level. There are probably around 5 or so openings (potentially multiple hires per job ad) at each of the other American BBs but easily >10 at JPM. Just curious if anyone knows why this might be the case? Are they hiring just that much more aggressively than others? Or simply larger attrition over the past months?
There is a massive shortage at the experienced analyst and associate levels at most large banks in London now.
At GS/MS/JPM at least 50% of the 2019 Analyst class has quit by now, which is partly because people often join these banks with the pure intention to exit to other jobs as soon as possible (PE is also hiring earlier and earlier) which has seen additional acceleration due to COVID-19 burnouts. Notice that none of these 3 banks has done anything to introduce improvements (neither pay nor lifestyle benefits) so people are very pissed.
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