2nd Year Analyst Bonus
I was wondering what incentive do IBs have to pay 2nd year analysts their annual bonuses who leave for private equity? For example, if I communicate to my team a year before my second year ended that I was leaving after my two years for another opportunity, or even for personal reasons, what incentive would they have to then pay me a bonus after I leave? I'm trying to understand as a great deal of firms follow this protocol where analysts aren't even employed when they receive a bonus after their 2nd year. Thank you!