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- Apr 8, 2005
I've averaged around 105 hrs per week this summer. Investment banking is no joke
Off to business school out in the west coast though. Won't have to deal with those crazy hours for the next 2 years.
I work 85 - 100 hour work weeks regularly. Investment banking.
How do people work that many hours? Addy? Coffee? Other type of drugs? Can you take a nap nap?
Some people are into that stuff and some people just grind it out. IB is a lot easier now than what it was when I started. There's protected weekends and mandatory time off now.
Back then you'd be on call 24/7.
Is that due to the intern death a few years back (I think it was in IB)?
Some of it is attributed to the tragedies that happened to junior bankers and also candidates coming out of top universities aren't going into finance anymore. They elect to go out west and work for a cool start up because the culture is more laid back and the pay is relatively the same.
One thing to take into consideration is that IB has irreversibly changed over the past few years. It's not what it used to be and a lot of senior bankers share this sentiment. Gov't regulations and culture change has really had a significant impact on the industry.
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