How many are actually quitting
Everyone talking about quitting because of bonuses but how many are actually going to do it? Seems like it never happens
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Welcome to why people keep getting paid less!
Put simply: Golden Handcuffs and risk aversion.
A lot of complacent / not super ambitious people who are good at IB or at least decent grumble and moan and threaten to quit but In reality their individual worth to the firm is quite low, while in contrast the value of the firm to them (job security, bonus, salary) is a lot higher. They stick it out and say "I'll leave before the next promote" or "after the next bonus"
Only a couple of people muster the courage to quit where they are not happy, (not just in IB, but other professional fields as well), and don't want to risk current performance or stability to get a new job.
No one actually quits. Anyone who works in IB knows the type who say they are always going to.
At the end of the day people just like to complain.
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