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Banks face talent exodus as juniors rebel against extreme hours

Investment Banking Editor

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Investment banks are facing a fresh retention crisis in their junior ranks as the sector battles fresh scrutiny of brutal working hours.

Most junior dealmakers are regularly clocking working weeks of more than 80 hours. Now more than 70% of the 100+ fledgling bankers polled by 

 have said they are likely to quit their jobs. 

The untimely death of Bank of America associate Leo Lukenas III has sparked fresh pushback against the brutal hours of dealmakers

Paul Clarke

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