Investment bankers forced off beach as Citi shuts Málaga office

Investment bankers forced off beach as Citi shuts Málaga office

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, tho…