Wall Street firm Evercore Partners will pay junior bankers up to $25,000 to delay starting their jobs
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Wall Street firm Evercore Partners will pay junior bankers up to $25,000 to delay starting their jobs
Evercore Partners Inc. is offering to pay incoming junior bankers up to $25,000 to delay starting their jobs during the coronavirus pandemic, according to external recruiters, a move that hasn’t been seen on Wall Street since the last financial crisis.
No bank has rescinded offers en masse, but all are tweaking their onboarding and training to go virtual. Summer internships, too, will be online-only, and many banks have shortened the typically 10-week stints.
"Learning a craft without being surrounded everyday by people shouting, talking, throwing ideas around is going to lessen the experience," said Anthony Keizner, of financial-services recruiting firm Odyssey Search Partners.
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