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MBB fish - how much of the firm gets let go each year due to performance? Are you pretty secure once you have the job or is one bad year a potential for being let go?

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Probably 10% per year are transitioned out. You definitely need to perform at a certain level to stay here

It’s nearly all self selecting, given the intensity of the place If you are not performing you’ll know it and after a while if you stay you’ll simply be miserable. So people start looking for other opportunities.

An entire bad year would probably lead to a transition situation

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