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In finance, there's no bigger race to win than becoming a CEO on Wall Street.
Beyond the tens of millions of dollars that you stand to make, these are very, very rare seats.
There's only a handful of them in the world to run a big global investment bank.
It's a seat that matters.
That's CFT's U.S. banking editor, Joshua Franklin.
He says that scoring one of these jobs is a tough competition.
The likes of JPMorgan Chase, Morgan Stanley, Bank of America, Citigroup.
They're labeled global systemically important banks.
These are pretty hard charging places and that can make it pretty competitive.
Josh, would you say that it's more of a sprint or a marathon?
I'd say these are very grueling marathons that people dedicate years and sometimes decades of their lives to winning.
Look at the situation at Morgan Stanley, J.P.
Morgan, where you always have a horse race or list of candidates that are vying to be the next CEO.