NPR

Wall Street Is Paying Over $100,000 To Junior Bankers. For Many, That's Not Enough

Wall Street has a big problem on its hands: Many of the young people it needs to fill its talent pool are having doubts about working in the industry.
Tashrima Hossain, who used to work in Wall Street but quit to join Facebook, is part of a growing number of young people who are no longer attracted by the allure of Wall Street despite the rising salaries. She poses for a portrait at Alamo Square in San Francisco, Calif. on Wednesday, August 11, 2021.

For years, Wall Street was a top destination for star students like Tashrima Hossain, a class president at Stanford University with ambitions to change the world.

Hossain had interned for nonprofits and was seriously considering going to graduate school. But she figured a detour to Wall Street would teach her useful skills and provide networking opportunities. And the six-figure paycheck wouldn't hurt.

So, she took an entry-level job at J.P. Morgan. Her goal was to do it for two years. But Hossain soon found herself putting

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