Sallie Weeps Blood, Greg Smith Cashes In, Breaking Up the Banks and More
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
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