The most experienced people appear to be at Citi. The least experienced appear to be at Goldman
https://www.efinancialcareers.com/news/wall-street-experience
The most experienced people appear to be at Citi. The least experienced appear to be at Goldman
https://www.efinancialcareers.com/news/wall-street-experience
I'll save you some time, here is what the article says:
The analysis uses FINRA registered-broker data to estimate experience levels at major Wall Street banks in New York.
Citi appears to have the most experienced workforce, while Goldman Sachs has the least experienced among the large banks examined.
Goldman bankers average about 8.3 years of registered-broker experience, versus roughly 10 years at Citi and Bank of America. JPMorgan and Morgan Stanley fall between them.
Goldman's lower average is largely explained by its unusually large junior population: 40% of its FINRA-registered New York employees have three years or less experience.
By comparison, only 33% of Citi's registered workforce falls into that 0-3 year junior category.
At the 4-6 year experience level, roughly corresponding to associates, Goldman is close to average: 15.4% versus a five-bank average of 15.2%.
Morgan Stanley and JPMorgan have the largest associate-level populations, at approximately 16.5% of their registered New York workforces.
Differences become more pronounced at the senior end. About 18% of Citi and Bank of America's registered New York employees have more than 20 years of experience.
At Goldman and Morgan Stanley, only about 12.5% have 20+ years of experience. The article interprets this as indicating substantially more employees per very senior banker at those firms.
The article estimates roughly 4 employees per MD at Citi/BofA versus about 7 per MD at Goldman/Morgan Stanley, suggesting meaningfully different workforce pyramids: Citi and BofA are more senior-heavy, while Goldman in particular is more junior-heavy.
This is a paid article to justify what’s coming next. You don’t find that suspicious how they got that data?