#WallStreet Is Offering 8-Figure #Pay #Packages to Woo Top #Talent: https://lnkd.in/ejC. . .

Source: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A6864633862547406849

#WallStreet Is Offering 8-Figure #Pay #Packages to Woo Top #Talent: https://lnkd.in/ejCsqmF4 : The setting wasn’t some struggling #investment #bank. It was the #equity #derivatives #desk inside the mighty JPMorgan Chase & Co. — one of many pockets of employee turnover that have erupted there in recent months, keeping the company’s recruiters busy. Pan out, and it’s part of a trend sweeping across #Manhattan’s #financial #industry. Signs of a surge in #WallStreet #job-#hopping are emerging everywhere: An independent recruiter said he’s never seen so many #eight-#figure #hiring #packages.

The #trend coincides with the easing of a #pandemic that bottled up job changes and prompted many in the industry to question whether they want to resume old #commutes, or even stay in the same #city. Now, rival firms are dangling #money or, in some cases, more #flexible #lifestyles to lure #talent and capitalize on the trading and #dealmaking #boom. While numbers are hard to come by, J.P. Morgan is by no means alone. What’s notable is that such a profitable, marquee name isn’t immune to the burst of circular poaching. Departure rates in many of J.P. Morgan’s businesses are up at least a few percentage points from pre-pandemic levels, according to people with direct knowledge of the matter. That translates to #thousands of #seats to fill, which then adds to yet more turnover at other #banks — and so on.

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