Turnover Forum
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Anonymous Posting
Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
Failure to follow these rules will get you outed, warned, or banned.
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Anonymous User
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- Joined: Tue Aug 11, 2009 9:32 am
Turnover
Can people tell me what the turnovers been looking like at your firm/group? I just joined a new firm and in my group, of the people I know, about 25% of people have left in the last 3 months. In the last year to 1.5 about 70% of the group has left. It’s astonishing but idk if this is typical. I’m in cap markets btw.
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Anonymous User
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Re: Turnover
I’m one person quitting away from being the only associate in my group. I’m pretty sure the other guy is looking, too, so only a matter of time. We used to have ~8 associates a few months before the pandemic.
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Anonymous User
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Re: Turnover
Our V10 secondary market office is losing associates so quickly that office leadership has stopped sending out farewell emails in order to avoid scaring the summer associates. We are hiring laterals at a pretty fast clip, but (1) they suck and (2) we aren't hiring faster than folks are leaving.Anonymous User wrote: ↑Sat Jul 17, 2021 11:21 pmCan people tell me what the turnovers been looking like at your firm/group? I just joined a new firm and in my group, of the people I know, about 25% of people have left in the last 3 months. In the last year to 1.5 about 70% of the group has left. It’s astonishing but idk if this is typical. I’m in cap markets btw.
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Anonymous User
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Re: Turnover
At my NY V10, my group hired last week our FIRST lateral since covid started, after hemorrhaging like 10 associates in 2021 alone. At this point, I feel like the majority of the midlevels are angling to leave so they're not the last ones remaining who'll have to do like 250% of their current workload in a few months
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Anonymous User
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Re: Turnover
NY V20. We've hired more than we've lost this year and almost all of the departures have been junior associates.
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Anonymous User
- Posts: 432653
- Joined: Tue Aug 11, 2009 9:32 am
Re: Turnover
It's actually 19 that have left since January 1 (yes, from one group in NYC), with one lateral associate hire. But who is counting?Anonymous User wrote: ↑Sun Jul 18, 2021 1:57 pmAt my NY V10, my group hired last week our FIRST lateral since covid started, after hemorrhaging like 10 associates in 2021 alone. At this point, I feel like the majority of the midlevels are angling to leave so they're not the last ones remaining who'll have to do like 250% of their current workload in a few months
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Anonymous User
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Re: Turnover
Y’all mind sharing your practice groups as well? I’m assuming all of you in groups that are hemorrhaging are transactional?
