Citi will move every investment banking analyst to associate after 24 months. The policy covers even moderately good performers. It resets expectations for junior bankers across Wall Street.
💡 Frequently Asked Questions (FAQ)
- Q: Will Citi really promote every analyst to associate after 24 months?
- A: Yes. Citi confirmed all investment banking analysts will be moved to associate after 24 months, even those rated as moderately good performers.
- Q: Why is Citi making this change now?
- A: To attract and retain top junior talent by matching and accelerating the industry-wide trend of faster promotions on Wall Street.
- Q: How will this affect other banks?
- A: It raises the baseline expectation for analyst tenure and pressures peers to match the 2-year promotion timeline or risk losing talent.