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<p>Personally I don’t think this is the case at all. </p>
<p>I think most people pursue ibanking for money with the knowledge of the short term in mind. I think the reason that turnover is so high is because people often will enter and leave in a span of 2-3 for exit opportunities and often don’t go back. </p>
<p>Think of it this way: For a student who just finished 4 years at one of the 10 or so best colleges in the country (probably with thousands of dollars in debt to pay off) who worked extremely hard to get a top gpa, a two year stint of boring work (that’s at least a step up from the mind-numbing internships they’ve already completed) that will pay a six figure salary and promise them either a spot at a top business or law school or another six figure salary sounds pretty enticing.</p>