Burnout among junior bankers, fed up with mounting workloads, is reaching fever pitch. As much as 70% of analysts and associate teams quit in recent months, even despite efforts to hold onto them.

That's according to specialist recruiters and young dealmakers at top firms, who say banks are now facing a full-blown crisis. Aggressive recruitment sprees across the City, accelerated hiring processes and an increase in those quitting the industry for good create a severe skills shortage.