Morgan Stanley Promotes Fewest to Most Elite Rank Since 2002

The video discusses the challenges and dynamics of maintaining elite status in banks like Morgan Stanley and Goldman Sachs. It highlights the difficulties in talent retention due to high turnover rates, as many young professionals move to private equity and hedge funds. The video also explores the promotion practices in banks, contrasting past and present approaches, and emphasizes the importance of diversity, noting current statistics and efforts to improve representation of women and minorities in the banking sector.

In what ways are younger employees in banking moving towards private equity and hedge funds?

What is considered the 'gold standard' for becoming a partner in a banking firm?