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Deltaberry and I have both been through that IB industry - I would say the attrition rate is pretty high. Probably on-par at worst or slightly better than, law firms. I don't think 1/3 of people drop out after first year - they usually leave after 2-3 years after they get so sick of it. BTW...

Aren't you self employed though? I think dan was referring to PAYG bonuses/increases.

Not to mention that despite the title, you aren't your own boss. How sad.

Well done on taking the plunge. Best of luck with it, God knows we need it with this impending recession.

Yes the public servants who get paid the most are those at the head of the government's own companies like ASIC, APRA etc.