Bancos vs. Private Equity: La Batalla por los Mejores Analistas

Bancos como JPMorgan y Goldman enfrentan una fuga de talentos hacia las firmas de capital privado, quienes contratan a analistas bancarios para puestos que comienzan después de un año. Para evitar estas prácticas, Goldman planea exigir a sus nuevos analistas que certifiquen que no tienen otro empleo en perspectiva, mientras que JPMorgan amenazó con despedir a quienes acepten ofertas con fechas futuras. Las firmas de capital privado, como Apollo Global Management, han respondido poniendo en pausa sus procesos de contratación.

Goldman Sachs Group, Inc. (GS) and JPMorgan Chase & Co. (JPM) are taking proactive measures to address the issue of talent poaching by private equity firms. Goldman Sachs has announced that it will require junior analysts to periodically confirm their loyalty to the firm, while JPMorgan Chase has threatened to fire employees who accept future-dated job offers from private equity firms.

Goldman Sachs plans to ask junior analysts to verify every three months that they do not have a job lined up elsewhere. This move aims to preemptively counter private equity firms that extend job offers to junior bankers before they even begin training at Goldman Sachs [2]. Meanwhile, JPMorgan Chase has warned incoming analysts that they will be fired if they accept future-dated job offers from private equity firms before joining the bank or within the first 18 months of employment [2].

In response to these measures, Apollo Global Management, a major private equity firm, has announced that it will not conduct formal interviews or extend job offers to the class of 2027. Apollo CEO Marc Rowan stated that "asking students to make career decisions before they truly understand their options doesn't serve them or our industry" [2].

The compensation packages offered by these firms are comparable. According to federal filings, Apollo pays analysts a base salary of $115,000 to $150,000, while first-year analysts at Goldman Sachs earn $110,000 and first-year associates earn $150,000 [2]. Second-year analysts at Goldman Sachs make $125,000.

These measures highlight the growing concern among financial institutions about the impact of talent poaching on their operations and the potential conflicts of interest it can create. As the financial services industry continues to evolve, these firms are implementing strategies to retain their talent and maintain a competitive edge.

References:
[1] https://www.benzinga.com/analyst-stock-ratings/price-target/25/07/46343357/goldman-sachs-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call
[2] https://www.entrepreneur.com/business-news/goldman-sachs-asking-junior-bankers-to-confirm-loyalty/494431