Has anyone actually quit?

Monkeys, 

Obviously there has been a lot of talk about junior burnout in IB (I know I am feeling it), but has anyone actually seen a mass exodus since bonuses hit analyst accounts. 

I haven't heard of many analysts quitting / seen any firms begin to heavily recruit laterally in the last month (conscious that it has been summer and relatively more quiet). 

Does anyone know any specific shops where lots of Analysts have left in the last month? Are most just waiting to secure a buy-side role (presumably this week)? Have I completely misread the market? 

Comments (35)

  • Analyst 1 in IB-M&A
Sep 14, 2021 - 1:42am

Mind disclosing the name of the top BB? Did they wait until bonuses hit accounts? Is the shop understaffed now or just relying more on the grads? 

Sep 14, 2021 - 2:29pm
RLott_is_GOAT, what's your opinion? Comment below:

We had five analysts leave in one week; it was a mix of both 1st and 2nd years. To give a sense of size, our incoming class was ~10 analysts. I am leaving soon, and I am the last associate in my office from my class (of 1 year).

I don't know directly, but for whatever it is worth I have heard from the analysts that came onboard last year that it's been more difficult to recruit for the traditional exits this year. A number of them want to leave but haven't been able to secure their desired next step.

  • Associate 1 in IB - Cov
Sep 15, 2021 - 12:29am

Your a first year associate? What are you planning on exiting to?

  • Analyst 1 in IB-M&A
Sep 15, 2021 - 4:24am

Mind disclosing the EB and teams that need bodies as I am trying to jump ship from my BB 

  • Analyst 1 in IB - Gen
Sep 15, 2021 - 4:42am

BB, 6 analysts in my group, two left at the 6-8 months mark, one to the buyside to a new fund within a decent platform, one burnt out. I am about to leave by the end of the month to a good buyside seat. So after call it 1 full year, just 50% of the analysts will be left. 

Sep 15, 2021 - 1:25pm
high hopes, what's your opinion? Comment below:

Lol at all the thirsty prospects trying to figure out which banks have analyst openings.

try Google - literally all the banks have multiple analyst openings 

Sep 15, 2021 - 3:56pm
maestro_, what's your opinion? Comment below:

Yes, we lost a bunch of analysts...more than we would normally use after bonuses. Usually only lose a couple. 

  • Analyst 2 in IB-M&A
Sep 15, 2021 - 6:54pm

My class had 10 out of 12 analysts quit / leave for a new opportunity. 

Most Helpful
Sep 16, 2021 - 2:32pm
Antiaverage, what's your opinion? Comment below:

I quit this month. No plan on what is next yet, but it will be something that allows me to have a life instead of spending the remainder of my 20's and the rest of my youth working 100 hour weeks.

Array
  • 7
Sep 16, 2021 - 8:57pm
TheBuellerBanker, what's your opinion? Comment below:

Good for you man. Lots of people keep going because they think it's weak to stop but as I've said before, life is too short not to be enjoyed your way.

  • 1
Sep 16, 2021 - 10:10pm
Goodmanman, what's your opinion? Comment below:

Quite a few kids from my school didn't even accept their return offers, all except for one without a backup plan-recruiting consulting etc

Sep 16, 2021 - 11:04pm
Goodmanman, what's your opinion? Comment below:

Est numquam est quidem culpa aut culpa dolorem. Tenetur laboriosam tempora eum voluptatem voluptatem. Vel reiciendis accusantium tenetur aliquam.

Nobis et vel labore corporis dignissimos. Nostrum rerum eos inventore dicta facere similique ipsam. Voluptatum nihil sunt culpa iste veniam laborum. Aut vitae eligendi ducimus enim.

Veritatis numquam commodi fugiat. Dignissimos impedit consequatur quo eaque ut ipsum est eum. Sint sint quo nihil quas magni voluptas ut.

  • Analyst 1 in IB-M&A
Sep 24, 2021 - 9:19am

Commodi temporibus nostrum molestiae quidem non et. Occaecati assumenda rerum voluptas perspiciatis rerum eligendi a voluptas. Voluptas rem cumque dignissimos dicta.

In veniam quis sequi qui. Sint vero nulla corrupti dolor. Velit et iusto sit enim dolor in accusamus. Rem consequatur autem in alias voluptas nihil. Illo consectetur quis voluptas ut eum. Ut rerum vel rerum aut quod.

Aut at unde dolorum velit a ratione rerum. Explicabo cum corporis voluptas. Odio pariatur rem dicta autem illo et. Laborum aut laborum velit.

Start Discussion

Popular Content See all

7 Things I Hate About Citi
+404IBby Analyst 1 in IB - Cov
IB Rankings 2022
+144IBby monopolymatters
What was the best job you ever had?
+124IBby Intern in IB-M&A
Meritocracy
+113IBby Intern in IB - Gen
Vapes in office
+92IBby Intern in IB - Cov
Lifting and IB
+80IBby leveragenjoyer
How is everybody on WSO top bucket
+49IBby Analyst 1 in IB - Gen

Total Avg Compensation

May 2022 Investment Banking

  • Director/MD (9) $661
  • Vice President (36) $393
  • Associates (181) $246
  • 2nd Year Analyst (109) $161
  • 3rd+ Year Analyst (17) $156
  • 1st Year Analyst (348) $148
  • Intern/Summer Associate (74) $147
  • Intern/Summer Analyst (272) $91