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A survey of nearly 500 employees at 10 top investment banks reveals the extent of burnout among junior talent

A survey of nearly 500 employees at 10 top investment banks reveals the extent of burnout among junior talent

As some investment banks report record revenues, new data confirms that junior employees have borne the brunt of the surge in deal flow.
JGI/Jamie Grill/Getty Images




A survey of nearly 500 employees shows many burned out junior bankers are planning exits.




Wall Street Oasis released a side-by-side comparison of conditions at 10 top investment banks.




Attrition has risen over years and will get worse, says Wall Street Oasis founder Patrick Curtis.




See more stories on Insider's business page.


Wall Street may face an exodus if it cannot improve working conditions for its junior employees.If working conditions stay as they are, about a quarter of young bankers said they were more likely to leave their current employer in the next six months than to stay, according to a survey of 475 participants by Wall Street Oasis, a popular online forum for financial professionals. While Wall Street Oasis did not verify respondents' employment in this inaugural survey, the new data constitutes what is likely the most comprehensive picture available of Wall Street's growing burnout problem since the pandemic began.First-year analysts are struggling to adjust to the learning curve remotely, but second-years said they preferred working from home. Dissatisfaction and burnout, though, were rife at all levels regardless of preference.
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