WSJ News Exclusive | Wall Street Firm Will Pay Junior Bankers Not to Work

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WSJ News Exclusive | Wall Street Firm Will Pay Junior Bankers Not to Work
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A Wall Street firm is offering to pay incoming junior bankers up to $25,000 to delay starting their jobs during the coronavirus pandemic, a move that hasn’t been seen on Wall Street since the last financial crisis

Evercore Partners Inc. is offering to pay incoming junior bankers up to $25,000 to delay starting their jobs during the coronavirus pandemic, according to external recruiters, a move that hasn’t been seen on Wall Street since the last financial crisis.

Recent college graduates who were due to start at Evercore later this summer will get $15,000 if they defer their start date until January and $25,000 if they wait until next summer to join, said recruiters who are in touch with incoming employees. A spokesman for Evercore declined...

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