Table of Contents
How long do investment bankers work hours?
80 Hour Weeks in Investment Banking Investment banking analysts face long hours. While those hours vary, it typically comes out to about 80 hours a week. Even then, there are ways to cope.
Why do investment bankers work such long hours?
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.
How many hours a week do investment bankers actually work?
People in Investment Banking tend to inflate their hours a bit, and no one is working 100+ hours a week consistently. A good portion of my analyst class averaged about 75 hours a week for people in coverage groups and Lev Fin and about 85 for people in M&A.
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). But junior bankers also tend to exaggerate their hours, often by not subtracting downtime or breaks during the day.
How long does it take to become a private equity investor?
In fact, most private equity and hedge fund people probably average 60 hours. Although the buy side tends to be a much more grueling 60 hours, the point stands. 60 hours means you get home between 8-10pm (depending on your start time) and you have a few hours to yourself before you have to go to sleep.
What are the scariest aspects of a career in investment banking?
Without a doubt, one of the scariest aspects of a career in investment banking is the sheer brutality of the hours. It’s easy to be attracted to a career like banking because of how lucrative it is (even at the junior level), but sooner or later you’ll have to confront the grim reality: investment banking requires a lot of work.