How many hours do investment bankers really work?

Across the industry, average investment banker hours are between 70-85 hours per week. No matter how you slice it, that’s a lot of time to spend working.

Are investment banking hours really that bad?

Yes, investment banking hours, especially in your first year or two, are always bad (think: 70-80 hours in the office per week). For context, Goldman Sachs hires hundreds of IB Analysts each year, and there are several thousand IB Analysts at all banks worldwide.

Do investment bankers work 100 hours?

There are plenty of boutiques where you can expect to work 80, and even 100 hours a week during peak busy periods. Investment banking boutiques are brutal employers and burnout is common.

Why are investment bankers overpaid?

-investment bankers get paid a lot because they are the the engine of capitalism, the steroid of a market economy. Without the bridging of capital an economy would run very slowly. and a fast growing economy matters to almost everyone in it.

Why are investment bankers hated?

Originally Answered: Why do some people hate investment banking? The main problem is that it doesn’t produce anything. Investment bankers take a cut from genuine trades, so all they are doing is placing a drag on genuine business transactions. Its a form of corruption.

Do investment bankers get sick?

Many bankers DO get sick. They get depressed and anxious. Poor mental health among bankers is very common. Many bankers self-medicate with alcohol and drugs (or prostitutes).

Do investment bankers really work 80 hours?

The average working hours of an investment banker is reported to be around 60 to 80 hours a week. For the most part, you can expect to have at least 70 working hours a week; and even that is stressful enough considering the average working hours for other vocations is around 40 to 50 hours.

Is investment banking getting easier?

As young professionals re-examine their work-life balance, investment banking is becoming a less popular choice despite the money.

Is investment banking a stressful job?

Many investment bankers are Type A personalities, which means they are ambitious and driven. Young bankers are inducted into a stressful lifestyle from the get-go. They are encouraged to work long hours with very little free time to fit in socializing or relaxation. Many turn to caffeine and drugs to help them cope.

Why are investment banking hours so long?

Investment banking hours are much longer than those in other jobs because of four main reasons: Huge Clients Pay Your Bank Huge Fees: When a company is paying your bank $50 million, $10 million, or even $1 million to advise on a deal, you have to do whatever it wants at any time of the day.

Do investment banking analysts really work 100-hour weeks?

The 100-hour Work Week Fallacy. A typical investment banking analyst can expect an 80-hour week. Yes, there will absolutely be weeks where you will work a hundred hours, but those weeks are outnumbered by 80-hour weeks.

Do bankers really work 100 hours a week?

Nothing above means that bankers necessarily have to “work” (AKA “be in the office”) for 80-100 hours per week. Plenty of all-nighters and long hours come from poor planning and poorly managed teams – and there are concrete ways to improve the process.

Why is project planning so difficult for investment banking firms?

Unpredictable Work Demands: Unlike with engineering projects or audits at Big 4 firms, it’s difficult to use “project planning” for investment banking deals because the processes are more random and difficult to predict.