Do investment banks still get rid of low ranked analysts?
How likely is it that a bank could get rid of an analyst before the program finishes? If it does happen how many get fired / made redundant and any ways to avoid it happening to you?
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At a BB in London and virtually impossible for performance reasons, only thing I have seen is extending the program to a third year at which point you will either get the Assoc promotion after all or are "advised to be pursue other opportunities".
However, have seen multiple A&As fired for relatively minor compliance breaches like offensive speech in Skype messages etc.
Can’t be that “minor” if it’s worth being fired over
cant fuck with compliance bro they are fucking strong
they literally are holding up the signing for a deal i'm on rn lmao
Ik that’s their job, I’m just saying if a kid got fired for something he likely did something wrong that warranted being let go
I feel that’s somewhat extreme for an inappropriate Skype message. Was it just using a swear word by accident or something worse like insulting the bank/boss?
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