'Money is being thrown' at them but millennials don't want to be bankers

For those who want to stay in finance, non-bank financial institutions, growth equity firms and other, smaller financial-services businesses have become better options.

News of young talent fleeing investment banks, employers scrambling to lure them back, and all the memes of overworked analysts might make it seem like woke millennials aren’t willing to burn the midnight oil. Post-pandemic life has been an opportunity for introspection. Gone are the days when a long, lucrative career in finance — and all the social capital that comes with it — seemed appealing.

But the real reason no one wants to work in banking isn’t just the terrible hours and a generational awakening. It’s that, like banks themselves, the work isn’t what it used to be.  

Sources