Goldman Wants Quarterly Loyalty Updates
Also a gold treasury company, spot-fixing, anti-woke funds and a Buffett bet.
In most jobs, the way your employer finds out that you have accepted a new job is that you come to them and say “I quit, I’m starting a new job in two weeks.” Investment banking analysts are unusual in that they traditionally accept their next job (in private equity) two years before it starts, and then spend those two years working away at their investment bank. So if the bank wants to find out whether or not they have accepted a new job, it has to ask them periodically. The banks have not always wanted to find out, but now Goldman does:
I hope that on-cycle recruiting now moves to one day after Quarterly Goldman Loyalty Oath Day. Still, two months and 29 days is a lot less than two years.