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Junior burnout crisis will roll into 2022 as deals fever continues, senior bankers say
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fnlondon.comThe battle for junior dealmakers will continue next year and salary hikes alone are unlikely to stop the burnout crisis that has rocked the sector in 2021, according to some of the City’s most senior bankers.
Investment banks have moved to stem an exodus of juniors this year as a record deal boom has pushed an already demanding job into often brutal 100-hour weeks. While compensation has swelled, banks have still struggled to improve work-life balance and departures have continued, Financial News has reported.
“Retention...
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