Two-year analyst programs are a staple at Wall Street banks, with college graduates hiring into the entry-level programs before charting paths to fortune via buy side firms, business school, the recording studio.

Not at Goldman Sachs any longer. The firm is ending its analyst program after executives decided it was no longer the best way to develop talent, The Wall Street Journal reported this afternoon.

To put a finer point on it, Goldman was fed up with its best-and-brightest college grads using the program as a launching pad to private equity and hedge fund jobs:  Read More