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Wall Street’s Hottest Commodity: College Grads With Excel Skills

  • Banks are still on a hiring spree to fill entry-level roles
  • Efforts threatened by private equity, pandemic disillusion
Goldman Sachs headquarters in New York.
Photographer: Michael Nagle/Bloomberg
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All across Wall Street, one price keeps going up: the one for young talent.

Big banks can’t hire junior staff fast enough -- not even at the new going rate of $100,000 a year. Chalk it up to the pandemic. Or the notoriously long hours. Or youthful realizations that maybe banking isn’t all it’s cracked up to be.