From Banking To Uber? Wall Street Continues Path To Silicon Valley

Three Goldman Sachs bankers have left the company to join transportation tech company Uber Technologies Inc this week. Unfortunately for many Wall Street firms, the news likely comes as no surprise as talent continues to flow from Wall Street to Silicon Valley.

The Trend

Goldman itself even seems to be acknowledging its difficulties in maintaining talent. The company announced a new initiative earlier this month intended to help the company retain junior employees, including analysts and associates.

In addition to fast-tracking junior level employees, Goldman has also set up a task force to focus on retaining employees at the vice president level.

Young Talent Considering More Than Salary

While most Silicon Valley tech companies cannot compete with Wall Street when it comes to salaries, companies like Uber have…

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