[texasbigdata]

At my bank, and we had a particularly bad group but it was successful (and this is mid level not a top tier), 2 kids out of 30 finished the two year "program". No one ever tells you the employment contract is for 2 years out of undergrad, and maybe you get "invited" for a third year, and maybe you get "promoted" from analyst to associate to compete with all the post MBAs who want to beat you out.

And honestly the wash out was a mix of things: quit, got fired, suffered too much took a random job, suffered too much held out and got an amazing job....etc.

I believe the ratio is better at other banks and also better in current times.

I had drinks with my old boss a few months ago and I warned him he would kill a kid one of these days. His answer was "oh culture is fixed, we give one Saturday off a month now. Morale is much better".

Granted this is a tiny skewed example. But your message is spot on.

Edit: source: https://www.google.com/amp/s/www.wallstreetoasis.com/forums/...