Citi shortens its analyst program to two years as Wall Street fights private equity for young talent
“The reality that private equity is interviewing so early in a banker’s career is very unfortunate, and to some extent, disappointing,” one Citi executive said.
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# Investment Summary Citigroup has reduced its analyst program from three years to two years in response to aggressive recruitment by private equity firms targeting junior bankers early in their careers, reflecting intensifying competition for entry-level talent on Wall Street. The move signals that major financial institutions are adjusting compensation and career structures to retain analysts who might otherwise be poached by PE firms offering lucrative exit opportunities.
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