Ambition probably isn’t a strong enough word to describe new investment banking recruits. With top grades and a great resume, they can have any job they want and their decision to choose a position that entails 120-hour workweeks, insane deadlines and redlining stress levels says a lot about them. These people are looking to change their station in the world. Get rich, become CEO, solve world hunger – whatever the end goal, the point is they are reaching for the top, and they are looking to get there fast. It’s no wonder, then, that from day one on the job, the first priority of most new analysts and associates is to get promoted.
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