Trying to understand what makes seniors in this industry stick around so long. Seen qualified coworkers willing (happy) to remain when they could easily land other gigs with competitive pay. Why?

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1) PE is a two year gig and then mba leading to another recruiting madness 2) HFs will fire you faster than IBs ever will on underperformance

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Point 2) is a great one for all types of "more prestigious" jobs. PE firms will cut dead weight too. Tons of people cruise in my bank and get middle bucket because people like them and the mass of bodies provides cover.

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Inertia (or lack thereof)

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Some people genuinely like banking aside from the pay.

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Some people don't like change, and they have a good set up. Not every role in banking comes with crazy hours and lots of headaches.

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