I'm applying to MBA programs and hoping to recruit for IB. I assume most people aren't telling interviewers/people they meet via networking that their long-term goal is anything but banking, but I'm curious to know the common paths. How long does the average post-MBA associate stay in banking, and how many make a career out of it? For those who don't stay, what are the most typical paths (is Corp Dev most common, PE, AM, etc.)?
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I keep in touch loosely with 21 associates. If I recall correctly, 10 were promoted. 6 voluntarily quit (when they were A1 or A2). 5 were asked to leave/fired along the way.
Fast forward to today, 18 of the original 21 have exited banking:
Corporate (M&A, biz dev, biz ops, FP&A): 10 PE (investing role): 2 PE (non-investing role): 1 HF/MF: 2 VC: 1 Started own biz: 2
I would also not read too much into the PE/HF/VC numbers. Some people had connections. Hope that helps!