A Bump in Path to Wall Street

The Wall Street Journal: Goldman Sachs Group Inc. is doing away with two-year contracts for most analysts hired out of college, according to communications reviewed by The Wall Street Journal and confirmed by a Goldman spokesman. Caldwell Partners’ Richard Stein notes, analyst programs are “being looked into across the Street. Banks are now seriously questioning the payback” of the programs, which have been narrowed down to an “even smaller group of elite graduates.”

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