re: How do you feel about young NY investment bankers being worked 80-100 weeks?

Most MDs make it to that level at around 36-40 years old. They make plenty along the way, the director level one step below can make around $750k before MD status. The VP level can make anywhere from $400k-$650k if it’s a VP—>Director structure (some have the director before MD and some shops like GS don’t). Then it’s usually $1mm+ as MD or you are doing something wrong and shown the door.

It’s a tough road, with the most talented the past decade going off into the private equity or other high finance investment roles and not staying the IB track. Nowadays the lesser talents stick around to make it MD in banking, very few want to be in client service or they are the rare bird that loves it. It’s a shitty role and these guys look awful and are extremely cynical with the rare exception.

Bottom line, the real talent and those with intelligence end up going to invest money and make more usually - the donkeys that work hard stay the banking track and kill themselves bc there’s no other way they could make so much money with their talents or lack thereof.

I’m rambling - but with all that said, this poor guy was trying to give his a family a better life, was treating his role like a military mission and lost his life in the process. My heart breaks for his wife and beautiful kids. I donated to the go fund me as someone who has been thru the WS grind and young kids his age - it struck a chord with me.

No one should have to work that many hours in any role, he should’ve quit but they prob took advantage of his mindset.

frick B of A and frick Gary Howe this MD overseeing this deal and playing a role in this guys death. As an MD myself but on the investing side and thankfully not as some dumbass Ibank, I would never let one of my juniors do this and I would send that kid home to his family to get some damn sleep. Shameful.