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re: How do you feel about young NY investment bankers being worked 80-100 weeks?
Posted on 5/9/24 at 8:24 pm to Bunk Moreland
Posted on 5/9/24 at 8:24 pm to Bunk Moreland
quote:
Dumb question, but what do these guys actually do all day? Like, I get an attorney feeling pressured to bill 18 hour days or something. But, what does it matter if some young punk is in the office for investment banking 10 hours versus 18 hours?
Build financial models with a million difference scenarios. And they’re usually running 50 deals at once.
1
Posted on 5/9/24 at 11:21 pm to billjamin
Not 50 at a time. If a bank office in a city closes 12 deals in a year, then that's a very good year. These are $100 mil to $5 bil+ deals. 1 alone has a lot that goes with it. They're also working on other deals that no one wants to buy that never really gets them paid besides a retainer fee.
This post was edited on 5/9/24 at 11:22 pm
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