Callum Borchers

speaker

1,301 appearances 20 recordings 1 series first heard Jun 2022 last heard Jan 2025

Callum Borchers’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Some ‘Senior’ Jobs Only Call For a Few Years of Experience · 30 Apr 2024 podcast

But for example, you could be associate. matched

a senior client associate at J.P. matched

Morgan Advisors, which is the high net worth advisory arm of J.P. matched

Morgan. matched

And the requirement is only a year of professional experience. matched

Or perhaps you could be a senior analyst at a large company like Johnson & Johnson, again, with a year, maybe three years of experience on the high end of what they were looking for for that position. matched

So in some cases, these are big name companies and they're offering big titles to go with these early career jobs. matched

Some of them really do pay handsomely. matched

And in fact, recruiters have told me this is one of the reasons why you see this kind of title inflation, even at the bottom rung of the corporate ladder in the tech sector, in banking and consulting. matched

The starting salaries for new grads can be six figures in some cases. matched

There's a few things going on. matched

There's a little bit of a keeping up with the Joneses effect here, right? matched

So I've been told by recruiters that you can go back just a couple years when the labor market was at its tightest and companies were really competing fiercely for talent. matched

One thing that they could dangle to prospective candidates was a better title. matched

And that could be a draw for workers who say, if I go here, I can get this bigger title. matched

It's going to look good on a resume, set me up for career advancement down the line. matched

Some of it just comes down to padding people's egos, trying to make people feel special and engaged. matched

That was another big theme in my conversations with managers. matched

We've reported extensively on the way companies are really struggling to keep their workforces engaged. matched

engaged and motivated right now. matched

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