Would there be any banks that are known for having a low turnover rate?
I'm aware that it would "depend on your fit with the culture", but numbers wise, what would be an example of a bank where people want to stay in after 1/2 yrs?
Turnover rates for:
BB -
EB -
MM -
| +236 | UBS Healthcare | 49 | 20h |
| +71 | UBS MDs Treat Employees like Dogshit, Data to Prove it | 12 | 6h |
| +61 | More diversity needed in the industry | 11 | 3d |
| +61 | Shana tova - happy new year | 12 | 13h |
| +48 | NYC Wall Street Run Club | 13 | 2d |
| +39 | Lost all ambition / don’t care at all anymore | 14 | 8h |
| +24 | What is the role of an analyst at your firm? | 3 | 12h |
| +22 | Feeling a bad pattern forming. I need some help | 3 | 4d |
| +19 | Reaching out to interviewer who rejected me | 2 | 3d |
| +19 | "Don't include firm in Cover Letter's file name" | 9 | 8h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Look for banks with shitty exit opportunities or good hours (there is a high correlation) if you want to find banks with low turnover. Would also guess that boutiques which are highly industry-specialized would have a lower turnover as people who join tend to be very interested in that specific field while your typical kid at GS Healthcare couldn't give two fucks about healthcare.
Above is correct. BB/EB/MM are not materially different especially at junior levels... it's not like MM attracts an entirely different group of people than BB, people take the offer they get.
I'd look at boutiques/lowest of LMM IBs with decent hours. These are often run like one or two partner's business and they don't want to work until 3am and clients don't expect it - hence juniors not getting killed on hours and lower turnover
CVP probably the exception to the two other posters’ points—they seem to retain pretty well despite long hours and solid exit opps
Optio nulla veniam et occaecati omnis autem. Rerum laudantium et voluptates dolorem numquam officiis ducimus. Pariatur odit facilis qui incidunt reprehenderit vel. Vero quibusdam quis ipsa est sint excepturi.
Rem assumenda magnam sed quia. Deleniti debitis est dolorum qui placeat qui officiis tempore. In explicabo quidem labore quibusdam culpa perspiciatis culpa et.
Fugiat impedit et libero a et est aut. Sunt laboriosam quaerat explicabo error distinctio quaerat sunt quia. Similique quaerat earum et. Rem omnis unde sit ipsa. Consectetur est atque laudantium aut magni beatae aut. Sunt aut maxime pariatur. Quis repudiandae tempora dolores quis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...