Additionally, there is a growing demand for IT jobs as financial firms invest in artificial intelligence capabilities, with significant salaries being offered to attract AI talent. The private credit sector is also expanding, with firms like Goldman Sachs and Point72 enhancing their private-credit offerings to meet the rising demand for nonbank loans. These trends indicate a shift in Wall Street's hiring landscape, with increased opportunities in dealmaking, technology, and private credit expected in 2025.
Key takeaways:
- JPMorgan Chase and Goldman Sachs reported significant profit increases for the end of 2024, driven by higher investment-banking fees and trading revenue.
- The strong performance in 2024 could lead to increased hiring across Wall Street in 2025, particularly in areas like junior-banking roles and back-office tech jobs.
- Demand for mergers and acquisitions is rising, leading to increased recruitment efforts for M&A bankers in industries such as tech, healthcare, and financial institutions.
- Financial-services firms are expected to boost tech hiring, particularly for AI-related roles, as they explore new capabilities in artificial intelligence.