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‘There is a deep supply of type-A’s’: Why the gruelling life of bankers will never change

'Junior investment bankers are a commodity,' said a former Goldman Sachs analyst

Despite the laser focus on juniors now, investment banking probably won't change much at all, say experts
Despite the laser focus on juniors now, investment banking probably won't change much at all, say experts Photo: Michael Nagle/Getty Images

When Goldman Sachs chief executive David Solomon responded to an inflammatory leaked presentation by a group of disgruntled juniors rebelling against 100-hour weeks by promising to hire more analysts and rigidly enforce Saturdays off, he signed off by asking staff to go the “extra mile”.

Industry veterans, academics and juniors say the boss's comments highlight an overall industry culture that, despite the laser focus on junior banker burnout, probably won't change much at all.

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