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Trainee Retention

8.4 / 10

(based on 40 ratings in 2016)

2016

"There is a high retention rate, but some departments are extremely oversubscribed."
First year trainee, London
"High, especially if people just want to go to general corporate/financing seats. Some people leave if they have very niche preferences that are more competitive due to less new qualifier seats being offered, but that is the exception."
First year trainee, London
"I'm confident that as long as there are spaces in the departments I want to qualify into."
First year trainee, London
"The majority of people who leave seem to do so for a higher salary. It depends what your priorities are as to whether or not you would want to stay, though the new qualifier salary at different firms differs to a greater extent than trainee salary, so I can understand the appeal."
First year trainee, London
"The retention rates are upwards of 95% most years. There is a strict policy if you do not pass the LPC at your first attempt, but once that has been completed it is unlikely you will not be kept on."
First year trainee, London
"Most people get kept, and the firm makes it very clear that it wants to retain people where possible."
Second year trainee, London
"They create a non-competitive and collegiate atmosphere in which you can do your best and be rewarded for it, rather than a cut-throat environment."
First year trainee, London
"They offer you a training contract because they expect you to qualify here."
First year trainee, London

2015

"The firm regularly has one of - if not the highest - retention rates among major City firms and I was very confident about being kept on. Inevitably some people don´t get their first choice department but the firm is generally good at trying to match people with their preferred choices and partners are typically frank with people about where they can qualify."
Second year trainee, London
"The firm tends to be above 90% for its retention rate, although this slipped recently. Some groups are consciously looking to expand and are even recruiting at NQ level externally."
First year trainee, Brussels
"The firm has an excellent retention rate and a good policy for offering places in a trainees preferred department to qualify into."
First year trainee, London

2014

"Retention rates are extremely high which is very encouraging. A great emphasis is placed on the concept of home-grown talent."
Second year trainee, London
"They are quite high as there is a lot of demand for NQs in several departments."
First year trainee, London
"Retention rates are very high. Some specialist departments are highly competitive as they only take on one person per year, but most people are content with the department that they qualify into."
First year trainee, London
"The retention rates at Slaughter are excellent and we are encouraged to consider qualification very early in our training contract to ensure that we are kept on."
Second year trainee, London
"To my knowledge, people tend to leave of their own volition rather than be pushed out."
First year trainee, London

2013

"Historically, retention rates are good and will hopefully continue that way."
Second year trainee, London
"Slaughters have traditionally had a very high rate of retention and this continues to be the case although people are definitely a bit more on their toes post-crunch."
Second year trainee, London
"Generally quite good but has become less so in the last couple of years."
Second year trainee, London
"We have one of the consistently highest retention rates in the City which is very positive. I am a lot less worried about qualification than my friends at other firms."
Second year trainee, London
"Retention rates normally exceed 90% and often reach 100%."
Second year trainee, London
Our 'Inside Buzz' reviews are the comments and views of recent graduate recruits, giving you a view of what it may be like to work for an organisation. Copyright of all TARGETjobs Inside Buzz material lies solely with GTI Media.
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