The Zhitong Finance App learned that, according to reports, Citibank (C.US) is shortening the time required for investment banking analysts to become managers (associates) in order to attract and retain top talent in the competitive job market. Currently, private equity firms are actively scouting junior bankers from Wall Street. According to an internal memorandum, this adjustment took effect immediately, and Citi also cancelled fixed-term contracts for relevant employees in North America at the same time.

The Zhitong Finance App learned that, according to reports, Citibank (C.US) is shortening the time required for investment banking analysts to become managers (associates) in order to attract and retain top talent in the competitive job market. Currently, private equity firms are actively scouting junior bankers from Wall Street. According to an internal memorandum, this adjustment took effect immediately, and Citi also cancelled fixed-term contracts for relevant employees in North America at the same time.