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Why overstaffed teams and bad attitudes mean junior banker jobs are under threat
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At the height of the 2008 financial crisis when banks fired tens of thousands of staff, junior bankers who were just weeks into the job were among the first to be shown the door.
Years later, banks faced a curious problem — they had a shortage of mid-ranking bankers and had to compete with rivals, law firms and Big Four accountancy firms for talent. So they learned an important lesson — don’t cut juniors.
But...
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