[hahla]

The burn out and churn is intended. Big 4 accounting is the same way, recruit individuals straight out of college, work them 80+ hours a week, burn them out and have them move on. It’s a win-win, the employee gets a stamp on their resume which opens many doors and the employer gets cheap labor and less people moving up the ladder.

[albertshin]

I'm familiar with the IB -> HF/VC/PE route but where do usually accountants head post burn out?

also, I spoke with a junior analyst at a bulge bracket recently and apparently he had signed for his next job in PE before he even started his analyst job...

[HPsquared]

It's an extension to the tournament of academia.