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a derisive phrase in [investment banking] — a "boom hire" — to refer to bankers who were added during the [overwhelming] rush to satisfy the needs of this period but whose credentials would never have otherwise passed muster. Author and Columbia Business School professor Jonathan A. Knee mentioned boom hires in his memoir The Accidental [Investment Banker]. This use of this phrase has also been extended to refer to unqualified people within the financial services industry.
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