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Young bankers face tougher climb to MD: ‘People aren’t making like bandits and quitting in their 40s anymore’
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When Goldman Sachs announces its new class of partners in November, a select band of senior bankers will be promoted into a role that comes with a $950,000 salary, access to lucrative internal investment funds, and a total pay package that stretches into millions of dollars.
Goldman is alone among the large investment banks in offering the title of partner — a hangover from its days as a private company — and it is one that chief executive, David Solomon, has looked to make more exclusive and prestigious by reducing the number...
Read more on fnlondon.comAbout this in other media
Kwasi Kwarteng planning to scrap caps on bankers’ bonuses theguardian.com /1 year ago
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Bankers bonus cap could be scrapped to boost City fnlondon.com /1 year ago
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