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Do majority of investment analysts get churned out in the second year?

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    Do majority of investment analysts get churned out in the second year?
    Why do they get churned out?
    What happens to the analysts losing their jobs and what are jobs that they get into after being made redundant?
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    They turn into dust and ascend into the great capitalist heaven in the sky
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    Guys please give me a proper answer soon.
    It'll be great if you can do it.
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    depends what bank? for example GS get rid of the bottom 5% every year. Banks do reviews twice a year i think and if you're not up to the mark you get chucked out. What people do when they leave is up to them they can look for jobs in other banks or they can try a different profession
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    (Original post by EternalBudhist)
    depends what bank? for example GS get rid of the bottom 5% every year. Banks do reviews twice a year i think and if you're not up to the mark you get chucked out. What people do when they leave is up to them they can look for jobs in other banks or they can try a different profession
    True. But personally, I have found out that it doesn't take a lot of effort to be above average analyst....to be a top analyst, it take some effort, but its not that hard..... atleast in my opinion
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    its all about sales, get more client happy, its kinda like a telesales job on commission
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    (Original post by ibd_haunter)
    True. But personally, I have found out that it doesn't take a lot of effort to be above average analyst....to be a top analyst, it take some effort, but its not that hard..... atleast in my opinion
    Why would you say that, aren't all analysts supposed to be very bright and motivated.
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    (Original post by Sir KBS)
    Why would you say that, aren't all analysts supposed to be very bright and motivated.
    By definition, not everyone is going to be above average, that is the point of an average. More to the point, I doubt being "bright" or "motivated" would have much to do with it seeing as (as you say) everyone is "bright" and "motivated" (although your claim that all analyst are gifted with those attributes is questionable). In the long run, the dead weight has to be culled and all analysts won't make money.

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Updated: October 7, 2011
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