Goldman Sachs is planning to ask junior analysts to verify every three months that they don't have a job lined up elsewhere, in a periodic pledge of loyalty, Bloomberg reports.

The loyalty oaths are meant to get ahead of private equity firms, which can offer candidates jobs up to two years before a potential start date. These firms have been extending offers to junior bankers at the start of their job training at Goldman Sachs, or before they even begin training, in a process known as on-cycle recruitment.

Related: Here Are the Odds of Landing a Summer Internship at Goldman Sachs or JPMorgan

Goldman Sachs isn't the only bank on Wall Street to crack down on poaching from private equity firms. Last month, JPMorgan Chase, the largest bank in the........

© Entrepreneur