Has anyone actually quit?


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? 

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Comments (32)

  • 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

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.

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  • Intern in IB-M&A
Sep 15, 2021 - 12:50am

Isn't there usually 80% + turnover at the second year leaves given that most leave to pe and most EB have two and out programs?

  • 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. 

  • Analyst 1 in IB - Gen
Sep 16, 2021 - 2:20pm

The other to a Special Sits team and me to a PE-like fund that invests in PE/Mezz debt

Sep 15, 2021 - 1:25pm

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 

  • 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

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.

  • 4
Sep 16, 2021 - 8:57pm

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.

Sep 16, 2021 - 11:02pm

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