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From my understanding, the old way was that analysts who wanted to move on up to Associate would stay a 3rd year, but now things have changed. I think some banks offer a "fast track" to associate, where you only have to do 2 years as an analyst. This is to encourage analysts to stay rather than leave. But I think you answered your question already, it varies by bank. 

"Markets can stay irrational longer than you can stay solvent."
 
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