I didn't know about the contract! What did I get myself into!?

Hello,

Now that I have your attention, I can ask you a question lol. Sorry for the weird title though. I am currently in college and recruiting for summery analyst positions. I have been getting a lot of interest from big banks and I wanted to skip ahead and ask about the 2 year analyst contract.

What obligations does it have? What happens if you quit or get fired? Sorry for the newbie questions, appreciate all your answers (except the trolls).

5 Comments
 
Best Response

Contracts at banks vary significantly, and it is often a good idea to ask about the terms of these contracts in official 1st round and superday interviews. This is an important consideration as terms can include; clawbacks on bonus and salary for sleeping more than 4 hours in a single night, and full repayment of wages for early termination.

Make sure to direct your questions to Vp + level guys if possible, as they will be more informed on the current contract rules.

 

Veniam eum dolorem dolorem. In non aspernatur tempore provident illum tempora consequatur.

Minus quam suscipit voluptatum praesentium ducimus veniam enim. Labore dolor labore illo eveniet repellat odit. Consectetur iure aut iste. Nihil sint mollitia qui quia quia consequatur.

Quia necessitatibus et corrupti aperiam qui. Qui illo id earum ut aperiam. Natus pariatur sed ullam sed. Impedit officiis tempora officiis veniam officiis iste.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • BMO Capital Markets 13 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”