Tag: banker

Investment banking ages you. As former Goldman Sachs associate turned academic Alexandra Michel famously discovered in a study over a decade ago, the average banking career only lasts seven years but during that time participants go through a brutal initiation of overwork leading to alopecia, weight gain and physical and mental deterioration. Those who persist learn to pace themselves the hard way. One of those ...

Goldman Sachs and Morgan Stanley are following a similar trajectory. Both have cut or are cutting around 6% of their workforces. Both want to focus more on wealth and asset management (although Morgan Stanley is further down this road). And both are growing in Paris.  Morgan Stanley in particular is redoubling its efforts in the French capital. Reuters reports that as Morgan Stanley increases headcount ...