'Money is being thrown' at them
but millennials don't want to be
'Money is being thrown' at them but millennials don't want to be bankers on Business Standard. For those
who want to stay in finance, non-bank financial institutions, growth equity firms and other, smaller
financial-services businesses have become better options.
Finance News News of young talent fleeing investment banks,
employers scrambling to lure them back, and all the memes of
overworked analysts might make it seem like woke millennials aren’t
willing to burn the midnight oil.
Post-pandemic life has been an opportunity for introspection. Gone are
the days when a long, lucrative career in finance — and all the social
capital that comes with it — seemed appealing.
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But the real reason no one wants to work in banking isn’t just the
terrible hours and a generational awakening. It’s that, like banks
themselves, the work isn’t what it used to be.
Sources of investment banking revenue have been the same for years.
Bankers have been talking the same old book. Slides that proposed
companies for mergers have shown up in pitchbooks year after year.
(Many of those firms ended up merging almost a decade after such ideas
were first floated...Read more.
News Source : BS / Business Standard