Citi shortens analyst program by one year to counter private equity talent drain
- 1Citi is shortening its analyst program from three years to two years.
- 2The move responds to talent leaving for private equity analysts earning $300,000 annually.
- 3By 2024, the training period for junior bankers before private equity recruitment fell to less than one month.
So what's the key point?
Citi has reduced its training period by one year to prevent talent from leaving for private equity. This is an effort to retain employees who are moving to roles earning $300,000 per year.
Source Fortune · View original ↗
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