How common are layoffs in IB compared to consulting?

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Barely any

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IB often does 2 year contracts out of undergrad. Most leave after 2 and those who stay have to get a 3rd year analyst offer and then an associate offer the following year. Layoffs not as common because most leave.

Layoffs don't happen in IB because no one wants to stay lol.

Layoffs in banking in general on the other hand...

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