>Private equity firms have become more competitive in recent years by recruiting young bankers — freshly trained at a cost to investment banks — months or even years ahead of when they actually join.
When your IB first year analyst is averaging 80 hours per week, like they probably still do, they're not being trained at a "cost" to you, especially since the salaries have not at all followed the workload.
When your IB first year analyst is averaging 80 hours per week, like they probably still do, they're not being trained at a "cost" to you, especially since the salaries have not at all followed the workload.