How comes IBs are always hiring analysts throughout the year?

hi there

so i'm currently working as an accountant at a big bank here, but I'm looking to move into IB early next year after I take my CFA exam this december.

i've just been casually looking through job listings on the usual IBs and i notice that virtually every single one of them is always hiring analysts for IB throughout the year. why is this?

i thought they'd only take them on during the 'grad scheme' traditional start of october, and those will be done straight through the grad scheme - not single job availabilities on their 'experienced professionals' part of the careers page.

any thoughts?

3 Comments
 

even for analysts? surely they're the people that they'd want to hang on to. cheap labour that would do anything to impress and can have a shit load of work just dumped on them.

and by turnover rate, do you mean people getting fired or people quitting of their own accord

 

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