Goldman Sachs, per clusterstock.com, is moving its first year I banking analysts into Back Office positions, which are the lowest of the low on Wall Street.
We have often wondered why low level I Bnakers make so much? Other than their hours, their jobs are back office anyway. Pitchbooks and Excel sheets. The higher ups, we get. They manage relationships and bring in deals. We have no problem with thme earning a good living.
http://clusterstock.alleyinsider.com/2008/11/goldman-sachs-gs-moving-the-youngsters-back
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