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Career Resources
Most shops I know expect 33% - 50% burn out in Analysts.
what do you mean by burn out? quit?
Depends on the definition of burn out. Those who quit early without a PE / HF opportunity lined up? Those who move into other areas of finance early? Those who quit without anything lined up?
Let's say we have 2 categories of burn-out 1) Don't get into PF/HE or promoted to associate from MBA. 2) Have to quit finance completely and becoming a high school math teacher or something like that.
That's a pretty broad definition of burn out, and it's highly group-specific. But I'd benchmark around 30-50%.
Quitting finance entirely is the complete opposite end of the spectrum and would indicate that someone just made a horrible career choice. I'd say this is on the order of 5-10%.
what percentage become astronauts?
and for option 2), this would imply that they couldn't handle the high stress and (on an extreme level) maybe have to go to a mental institute
I don't think I'd go that far. I know some pretty sane and level-headed people that have quit their IB jobs. It's not for everyone, and people definitely burn out.
As for the percentage of analysts that leave early without something else in hand, I'd say the above estimates are reasonable, if a tad bit high.
I knew a guy that made it through analyst, and in his second year as an associate, quit to go back to doing landscaping, because the hours were better.
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