IB Associate Churn after 3yrs
As everyone know, several juniors have been leaving banking so this week I ran the numbers of how things look at my EB.
I'm an Associate class of 2018. I would be promoted to VP next year (if I stay, which is a big IF right now).
Please see below and comment if this looks normal across other banks, also would be great to know if this is more churn than expected due to COVID or if numbers are similar vs previous clases:
35 Associates joined full time in 2018
15 are still here (43%). Majority of the 15 are internationals (?)
Of the 20 that are gone:
6 Corporate exits (Big tech, startups)
4 MM/regional buyside
1 Bulge Bracket
1 rage quit without a job