- Citi initially hired 27 junior bankers to work at its beachside office on Spain’s Costa del Sol in 2022, offering less pay but a softer schedule than the 80- to 100-hour weeks common in the industry. The program’s closure, however, signals how leverage may be shifting from junior talent back to employers.
Young investment bankers have long been faced with a tradeoff: Work punishing hours for big money. Amid the post-COVID battle for talent, though, Citigroup tried something different, offering some junior analysts a softer schedule and a post on Spain’s famous Costa del Sol.
