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3 of 3 Premium Clicks used this month SUBSCRIBE Print + Online Subscriber Activation | Register x Forgot Password | Need an Account? e-edition | subscribe | newsletter | deals Classifieds Jobs Autos Real Estate FEATURED » NEWS NOW Transient who made racist comments known to Ashland police ... 18 students fraudulently earned certification at Abdill ... Suspect in Oregon farm shooting was deported 6 times ... Transient who made racist comments known to Ashland police ... 18 students fraudulently earned certification at Abdill ... Suspect in Oregon farm shooting was deported 6 times ... A Goldman Sachs partner sent a memo to the bank's junior staff, and every young person on Wall Street should read it Comment By Julia La Roche MailTribune.com By Julia La Roche Posted Mar. 2, 2016 at 10:03 AM By Julia La Roche Posted Mar. 2, 2016 at 10:03 AM » Social News Brendan McDermid/Reuters It is a tough time to work on Wall Street. It has been a terrible start to 2016 , and it follows a brutal 2015 . It seems barely a week goes by without fresh news of job cuts at a top investment bank . Morale is low, and junior bankers and traders who have just started in finance are asking themselves about the industry's long-term prospects. Early this morning, London-based Goldman Sachs partner Joseph Mauro , h ead of fixed income, currencies and commodities European hedge fund sales and co-head of European macro rates sales, sent a memo to associates at the firm addressing some of these concerns. The fixed-income business at Goldman Sachs has seen job cuts. Goldman CFO Harvey Schwartz said in November that the bank had quietly been making cuts to the division, laying off more than 10% of staff since 2013 . The memo from Mauro addresses some of the recent departures from Goldman Sachs, and looks to put some of the industry's current travails in perspective. Mauro, who started at Goldman Sachs in 1998 and rejoined the bank after cofounding a broadband internet company, also shares some of the advice he has received over his career. We're told that the associates love it and they're passing it around internally. We've obtained a copy and we've included it below. All the images below are from the memo. Goldman Sachs declined to comment. Business Insider Business Insider Business Insider Business Insider See the rest of the story at Business Insider See Also: Take a tour of billionaire Bill Koch's 80-acre Aspen lodge, which can be yours for a discounted $80 million JPMORGAN CEO ON FINTECH: 'It's nothing mystical' GOLDMAN SACHS: It feels like this Chinese deal spree 'is driven from the top' By Julia La Roche MailTribune.com By Julia La Roche Posted Mar. 2, 2016 at 10:03 AM » Comment or view comments Reader Reaction » STAY INFORMED Email NewsLetter Sign Up Today Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. Southern Oregon Directory Featured Businesses Loading... Business Name address Location, ST | website.com Find Southern Oregon Attractions Bars Restaurants Beauty Salons Entertainment Doctors Medical Specialists Contractors Education Lawn Services Lawyers Shopping Travel Tanning Used Cars Wedding Services ▼ Add your business here + Events Calendar Connect with MailTribune.com Facebook Twitter RSS Back to top Reader Services Reader Services Home Subscriptions Subscriber controls Contact us Submissions Photos Events Letters to the editor Corrections Announcements Obituaries Story ideas Since you asked Alerts Email Alerts RSS Feeds Text Alerts Advertise Media Kit Home Products and services Ad rates Advertising contacts Propel Marketing Mail Tribune Daily Tidings The Nickel Shop Our Valley Blogs Mobile Site Stay Informed Email newsletter Sign Up Today Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. Your privacy is important, read our privacy policy. © Copyright 2016 Local Media Group, Inc. All Rights Reserved. Privacy Policy | Terms of Service | Local Media Group Publications Original content available for non-commercial use under a Creative Commons license, except where noted. MailTribune.com | P.O. Box 1108, Medford, OR 97501