Late year rush to hire junior bankers ahead of expected deal recovery in 2025
In case you hadn’t heard, 2025 is shaping up to be a good year for investment bankers. It’s not just rhetoric, either – they’re putting their money where their mouth is and hiring in anticipation of it, too.
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The new hiring appears to be mostly in junior roles – analysts and associates – which makes sense. Banks such as Goldman Sachs have shied away from hiring juniors in the post-2021 deal slump, and if the potential for revenue is returning, that means that people are needed to staff those deals.
Goldman is itself looking for over a dozen juniors to add to its teams around the world, most of which are in technology, media, and telecoms (TMT) as well as its Financial Institutions Group (FIG).
JPMorgan is looking for more than 60, with numerous analyst, senior analyst, and associate roles for teams around the world including healthcare, consumer & retail, as well as its financial sponsors (private equity) group.
Citi isn’t looking for as many people as JPMorgan is, but our count it has at least 20 openings for experienced junior bankers. The bank has extensive listings especially for senior analyst roles, many of them in London and New York, across both M&A and capital markets roles.
Morgan Stanley isn’t looking for as many juniors as the above banks, but it does have Japanese and German opportunities open across coverage teams in both countries. Bank of America isn’t even looking for that – although the bank is more overstaffed than others these days, shirking the opportunity to make cuts during the post-pandemic dealmaking slump as many competitors did.
It’s not just the American banks, either. Barclays is looking for healthcare juniors (for it’s American offices,
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