Frustration is mounting among junior bankers at Goldman Sachs

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Junior bankers lament ‘Goldman discount’ as other firms raise pay and analysts who complained about 100-hour work-weeks get nothing

Two images of Goldman Sachs CEO David Solomon in a picture frame on a red background.

Paul Morigi/Getty Images for Fortune; Kena Betancur/Getty Images; Samantha Lee/Insider

Analysts at the firm are warning that Goldman’s resolve could cost the firm in the long run. Inside the frustration among Goldman juniors.

Goldman Sachs is having difficulty retaining junior bankers in its powerhouse TMT group as Wall Street grapples with a talent shortage

wall street burnout young talent junior analyst 4x3

Samantha Lee/Insider

Four of the original 16 analysts who joined its TMT group in San Francisco in 2019 have remained. Here’s what is going on in the division.

New research debunks the idea that private equity managers don’t deserve the high fees they charge

dollar bills money

Yulia Reznikov/Getty Images

Private equity is notorious for charging high management fees to its investors, and experts have long debated whether or not they’re justified. But new research from PitchBook shows that private equity adds value to the standard portfolio. Here’s why.

2 more Credit Suisse managing directors have resigned from the bank’s global stock-trading business

Credit Suisse

Arnd Wiegmann/Reuters

Managing directors Bill Bors and Jason Vickery resigned from Credit Suisse’s equities division, adding to the more than 50 senior personnel who have already left the Swiss bank amid a series of blunders. Get the full rundown here.

Check out our running list of departures at the Swiss bank.

Financial-services firms are racing to show they’re serious about hiring diverse talent. These 3 organizations are helping them shake up the status quo.

Trey Pruitt of Ares Management; founder of 10,000 Black Interns Dawid Konotey-Ahulu; Hive Diversity founder Byron Slosar

Ares Management; Getty Images; Michael Jurick

We spoke with three organizations that are using millions of dollars to hire tens of thousands of diverse students into finance roles. Here are their plans for changing the face of finance.

Women are using Robinhood to buy up crypto, COO Gretchen Howard tells us. And it’s changing crypto’s bro reputation.

Gretchen Howard, Robinhood


Robinhood has tripled the number of its female customers to around 30% of active users — a goal that was Howard’s personal mission. She details how she helped women break into crypto, a traditionally male-dominated world.

The founder of $300 million Tiger grand-cub Calixto Global Investors walks us through how meme stocks and retail traders have changed how he invests

Eduardo Costa of Calixto Global Investors

Eduardo Costa founded Coral Gables, Florida-based Calixto in 2014.
Calixto Global Investors

Eduardo Costa walked Insider through how he thinks about investing in the Wall Street Bets era. Here’s what he said.

Odd lots:

A Banking App Has Been Suddenly Closing Accounts, Sometimes Not Returning Customers’ Money (ProPublica)

Dyal Buys Stake in Phoenix Suns, Valuing Team at $1.55 Billion (Bloomberg)

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