Junk Pros Find Time to Move On

Ferguson, Joy
January 2005
Investment Dealers' Digest;1/17/2005, Vol. 71 Issue 2, p9
Trade Publication
The article focuses on the ongoing occupational changes and job-hopping among professionals in banking and securities industry. As soon as bonuses were handed out, Goldman Sachs lost some of its junk professionals. JP Morgan, meanwhile, has let go of a couple ahead of bonus day. One reason there's likely to be more movement this year is that not everyone participated equally in last year's boom. According to a survey, bulge-bracket firms, excluding Credit Suisse First Boston, are seeing bonus increases year over year from flat to up as much as 10 percent.


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