Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Really?

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


by
| 14 views | | 2 replies (last 7 days ago) | Reply
Post ID: @OP+1m2qvdqt2

2 replies (most recent on top)

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.

by
| | Reply
Post ID: @db+1m2qvdqt2

This is a paid article to justify what’s coming next. You don’t find that suspicious how they got that data?

by
| | Reply
Post ID: @a3+1m2qvdqt2

Post a reply

: