7. Career Guidance
We think the historic two-year program is no longer the best approach for hiring and developing the careers of analysts in our banking and investment-management divisions. Making this change allows us to emphasize the longer-term career opportunities available at the firm.
—A spokesperson for Goldman Sachs discussing the bank's move to end contracts and bonuses for its legendary junior analyst program.
Source: A Bump in Path to Wall Street
[Related Coverage: As Markets Finally Celebrate the Euro, Charles Schwab Launches New Global Investing Platform.]
Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio