Goldman Sachs has stopped offering two-year contracts to its
most junior investment bankers, typically new college graduates, ending a
quarter-century practice, a spokesman told the NY Post..
Analyst-level recruits at Goldman Sachs’ investment banking
and investment management divisions for 2013 aren’t receiving the contracts,
which typically ended with either a job offer at the firm or a move to graduate
school or another company, said David Wells, a spokesman in New York.
Goldman Sachs fired some analysts last year for accepting
jobs outside the firm before they were allowed to seek other employment, the
Wall Street Journal reported, citing unidentified people familiar with the
matter.
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