Investment banks are on a hiring spree and there isn’t enough young talent to go around

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Hello, readers!

Happy Saturday, and welcome to Insider Finance. Here’s a rundown of our must-know Wall Street stories from the past week:

The fight for junior investment bankers is so fierce that one recruiting firm has set up a “SWAT team” for hiring 
Check out our list of the rising stars of equity research 
Current and former Goldman Sachs partners weigh in on CEO David Solomon 
Hedge fund giants are raiding banks to poach volatility traders — we tracked all the moves 

Return-to-office updates for JPMorgan and Bank of America

These are the fintech headhunters to know 

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Meet the rising stars of equity research, up-and-comers making calls on everything from the next big electric-car maker to the return of live events

Meet Insider’s lineup of up-and-coming talent in the world of equity research. We selected analysts 35 and under who cover a wide range of sectors, from gaming to natural gas. See the full list here. 

Goldman Sachs CEO David Solomon is shaking up the bank with his hard-driving style. Here’s what’s pushing a herd of top execs to the exits.

Solomon has steered the bank to blowout profits and a record stock price. But with partners quitting and burnout soaring, some insiders said the executive’s hard-charging style has come at a cost. Read the inside story here.

JPMorgan told US workers it wants them coming into the office on a ‘consistent rotational schedule’ by early July

  A rising star at $8.8 billion Perceptive Advisors breaks down why the biotech hedge fund is so bullish on BridgeBio ($BBIO)

Time is running out for remote work for some on Wall Street as the biggest US bank has unveiled its most detailed timeline yet about returning to the office.

Read more: Bank of America is asking employees to voluntarily disclose vaccine status

Hedge-fund giants like Citadel and Millennium are raiding investment banks for volatility traders

Buy-side trading firms have poached a slew of star derivatives traders. The defections, which follow blowout volatility trading hauls in 2020, leave some banks shorthanded.

Get the full rundown of all the moves here. 

Banks are racing to staff up as deal work surges, and one recruiting firm has even formed a ‘SWAT team’ focused on hiring associates and VPs

Investment banks are seeking backup as they struggle to retain junior staffers while deal work surges. High rates of attrition and fierce competition are sparking a talent war for young bankers. As one recruiter put it, there’s “just not enough bodies in the market.” Get all the hiring market intel here.

These 10 headhunters are helping fintechs like Coinbase, Stripe, and SoFi land big hires and stand out in the startup tech talent war

Fintechs are increasingly relying on outside recruiting firms to attract top talent. Insider asked startups, venture capitalists, and industry insiders to nominate the top fintech headhunters in the US.

The list includes recruiters who work on everything from early-stage startups to mature financial firms with a …read more

Source:: Businessinsider – Finance

      

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