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GordonGecko's picture

FT Associate Burnout/Attrition Rate at BB Firms?

Burnout

I did a search on this but was not really able to find a clear answer. I know most of the posts on this site a geared towards Analysts who are mostly in it for 2/3 years and then use the experience as leverage into something better. I am someone with only a military background who is looking at Banking as a permanent career change . I have a question that is difficult for me to get a hold on:

On average for BB firms, what % of associates actually move on to VP and MD? Of the ones who don't make it to that level, are they usually asked to leave due to poor performance, or do most leave on their own to do something else because they don't like the life of Banking?

I know job security isn't exactly a strong point in the wall street career fields, but I would just like to know what I would be getting myself into if I did decide to leave the Air Force for an MBA. My final goal is to land a FT job as a career-changing associate (I know, every analysts' worst nightmare).

Also, I know exit ops are more something discussed amongst analysts, but is associate experience also values by consulting firms or F-500 companies? Landing on me feet isn't too much of a concern, but the idea of being a burnout associate in my early 30s with nothing to show for it but MBA debt gives me the willies.

Again, if this question was already answered, I didn't find it. If you can forward me the link I would appreciate it.

Gordon

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bumblebeeboy's picture

Could be useful

this post on Investment Banking Careers ..good luck!

Alpenglow's picture

Military

GG - Feel free to give me a call. I was a former Navy pilot turned grad student turned bb banker.

Drew
______________
301.801.0076
shapiro3@wharton.upenn.edu

swbluedevil's picture

Drew, I'm also a military

Drew, I'm also a military guy (Air Force) looking to transition to an IB position. How close are the military guys on the street? Is everyone pretty close-knit?