Investment Banking

Three quarters of junior bankers still want to quit amid burnout crisis

Banks have tried to stem an exodus of juniors, but many are still eyeing the exit

While banks have largely responded to an exodus of talent by hiking salaries, 76% of dealmakers said they would consider smaller pay packets for better work-life balance
While banks have largely responded to an exodus of talent by hiking salaries, 76% of dealmakers said they would consider smaller pay packets for better work-life balance Photo: Getty Images

Nearly three quarters of junior dealmakers are considering quitting, as a burnout crisis that has prompted banks to hike salaries and overhaul working practices continues to dog the sector, according to a new survey.

Despite efforts to retain junior bankers amid a surge in dealmaking last year, 72% of 200 bankers surveyed by tech company UpSlide, which works with investment banks on automating manual tasks, are thinking of quitting the industry to avoid burnout.

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