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Sorry to be a cynic, but:

"Promising to take a job with a particular firm can create a conflict of interest for an investment bank analyst, especially one assigned to work with private-equity firms on deals, bankers say."

Really, I don't think there will be too much hand wringing for these folks.

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It's not a matter of professional ethics, it's a matter of them making decisions in favor of their future employer to the detriment of their current one.

Sounds like the revolving-door career path that many politicians follow.

It's exactly like that.

How is that different than just, you know, ethics?

It isn't, my point is just that the IBs don't give a shit about ethics if it profits them. Only when it costs them money.

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