Last week, JPMorgan Chase CEO Jamie Dimon lashed out at investment bankers in training who quietly accept future-dated jobs with buyout firms.
In the past, such recruiting tactics often took place after newbie investment bankers got some experience under their belts.
Related storiesLast year's private-equity recruiting cycle kicked off while many bankers were still in training for their first full-time jobs after college.
In August, JPMorgan issued a warning to incoming investment bankers about the risks of accepting hush-hush jobs with private-equity firms, including potential termination.
AdvertisementIn the August letter, JPMorgan warned that future-dated jobs with a private-equity firm could present conflicts of interest for the bank.
Persons:
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Organizations:
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