Goldman Sachs is planning to implement a quarterly verification policy for junior analysts, demanding they confirm not having job offers lined up elsewhere. This move aims to counteract an emerging trend of on-cycle recruitment from private equity firms, which have been proactively recruiting candidates during their training period. In parallel, JPMorgan Chase has issued warnings to new analysts regarding accepting future job offers, asserting that such actions could result in termination due to conflicts of interest. These measures reflect a broader concern within Wall Street about the tactics used by private equity firms to attract talent prematurely.
Goldman Sachs is introducing a policy requiring junior analysts to confirm every three months that they aren't seeking jobs elsewhere, aimed at preempting talent poaching from private equity firms.
JPMorgan Chase has warned new analysts against accepting job offers before joining the bank, stating such actions could lead to termination due to potential conflicts of interest.
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