Goldman Sachs intends to require junior analysts to confirm quarterly that they haven’t accepted job offers from other companies, as reported by Bloomberg.

This commitment aims to preempt private equity firms, which are capable of providing job offers up to two years in advance of a potential start date. These firms have been known to present positions to junior bankers during or just before their training at Goldman Sachs, utilizing a strategy called on-cycle recruitment.

Goldman Sachs is not alone on Wall Street in its efforts to prevent private equity firms from poaching their staff. Just last month, JPMorgan Chase, the U.S.’s largest bank with $3.9 trillion in assets, issued a warning in a leaked email to incoming analysts, stating that any acceptance of future-dated job offers before their start or within 18 months of employment would lead to termination.

JPMorgan said that the policy was meant to prevent any possible conflicts of interest.

^{Goldman Sachs CEO David Solomon. Photographer: Naina Helén Jåma/Bloomberg via Getty Images}

JPMorgan CEO Jamie Dimon, 69, previously said that the practice of losing talent to private equity was “unethical.” At a talk at Georgetown University in September, Dimon said that moving to private equity puts JPMorgan “in a conflicted position” because staff are already pledged to another firm while they handle confidential information at JPMorgan.

“I think that’s unethical,” Dimon said at the talk. “I don’t like it.”

Major private equity firm Apollo Global Management announced last month that it would not conduct formal interviews or extend job offers to the class of 2027 in response to criticism about the private equity hiring process beginning too early.

Apollo CEO Marc Rowan told Bloomberg in an emailed statement last month that “asking students to make career decisions before they truly understand their options doesn’t serve them or our industry.”

Apollo and Goldman Sachs offer comparable compensation packages. According to federal filings pulled by Business Insider, Apollo pays analysts a base salary of $115,000 to $150,000. Associates make anywhere from $125,000 to $200,000.

In comparison, Goldman Sachs pays first-year analysts $110,000 and first-year associates $150,000. Second-year analysts make $125,000.