Comments (19)

 
Apr 14, 2014 - 5:41pm

Dissolving? You're placing a little too much value on what an associate does... groups don't "dissolve" because a bunch of junior staff leaves. Even if the group head leaves, they'd just replace them, as they will do with any associates that have left.

And if you're asking if the associates are leaving *because* the group is going away, why would they be simultaneously hiring into the group?

 
Apr 15, 2014 - 12:16am

Thomas880:

I meant dissolving as in:

awful group culture + sweatshop hours + sh*tty seniors + low client interaction = mass exodus = dissolving

Maybe a hyperbole but this is the internet.

Given what I know about the group, I'm not surprised 7 associates quit in 2 months. I summered in a different group at Citi and heard TMT culture/hours were really shitty. The top 3 ranked interns were all trying lateral into m&a or move to a better shop through FT recruiting. Also know an analyst who quit pretty early in the first year. However, analyst exits were actually pretty decent from what i recall.

 
Apr 14, 2014 - 7:40pm

I have a buddy in the group who says that the group is no longer pitching as a result of the departures and all pitch requests must be approved by the global head of M&A

 
Apr 14, 2014 - 10:36pm

Associates often bail after low bonus and finding out how the lifestyle really is. Plus market demand is high now to switch shops.

Array
 
Apr 15, 2014 - 6:59am

abacab:

Associates often bail after low bonus and finding out how the lifestyle really is. Plus market demand is high now to switch shops.

yes especially all 7 right ?

definitely abnormal - brutal culture is confirmed, ppl just suck

speed boost blaze
 
Apr 15, 2014 - 12:43am

Know two SA's from Citi TMT - both said their class was running for the hills after getting offers. Very very few accepted full time offers, which is not surprising given the group culture & sweatshop hours.

 
Apr 15, 2014 - 7:00pm
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