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Wall Street Hiring Spree Puts Junior Bankers in Driving Seat

  • Banks open almost 2,000 spots for analysts, associates in N.Y.
  • ‘This reminds me of the dot-com days,’ one recruiter says
A pedestrian in front of the NYSE.
Photographer: Michael Nagle/Bloomberg
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Twenty-somethings dreaming of Excel all-nighters are facing their best prospects in years.

HSBC Holdings Plc this week became the latest global investment bank pledging to hire a flock of junior bankers to help analysts and associates avoid burnout amid an avalanche of deals. JPMorgan Chase & Co. said last week it plans to add almost 200 staff, joining Goldman Sachs Group Inc. and Jefferies Financial Group Inc. in bolstering their ranks.