Track records matter over name value for junior bankers

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But considering that they hire about six junior bankers, respectively, about half of them have resigned since July.“For junior bankers, a job at a big-name company used to be their trophy,” said a senior executive of a global bank’s Korean office.“But now it is more important what transactions they have worked on and what they have achieved from them.”“If they are not satisfied with the deal pipeline their companies have built by the end of the year, they tend to move to another house, or prepare to find a new job as soon as they receive the performance bonus in July,” he added.

An investment banking head of a global bank in Seoul said junior bankers who had been unable to change jobs until last year began leaving as the market passed its worst phase.“Some banks don't think it a big deal.

Since July, around three junior bankers with experiences of one to three years have left the Seoul offices of some top-tier investment banks, respectively, according to the industry sources on Friday.

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Article Details

Category: Economy

Markets: South Korea

Topics: Junior Deal Global Year Bonuses July Investment Bankers Korea Banks Sale

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 20:27:07 (1 days ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 454 words

Reading Time: 3 minutes read

Sentences: 25 lines

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Copyright Owner: © Korea Economic Daily

News ID: 22307442

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