More than half of investment banking professionals are 'thinking about quitting' the industry

Posted on Sep 13, 2022 More than half of investment banking workers are considering leaving the industry due to burnout, an independent study from UpSlide has found. The poll of 200 employees – including analysts, consultants and managers – in investment banking and financial advisory firms across the UK, France and USA sought to understand changing employee expectations and priorities in the post-Covid era. The research found that since the pandemic started in early 2020, a third of workers have taken as many as four days off a year due to workplace-related stress. However, despite these high levels of burnout, more than three quarters (78%) still consider long hours on manual tasks a ‘rite of passage’ for junior colleagues. Rob Jones, COO and UK CEO at UpSlide commented: “The issue of burnout in financial services is a recurring and serious one. Our study has shown that as many as a third of staff admit to wanting greater support for their mental health, highlighting a significant need for change. While the industry has taken steps in recent years, more needs to be done. A third (33%) of employees do not take their full allocation of annual leave, with 30% of UK…
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