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re: How do you feel about young NY investment bankers being worked 80-100 weeks?
Posted on 5/10/24 at 12:11 am to Saunson69
Posted on 5/10/24 at 12:11 am to Saunson69
quote:
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.
I didn’t say closed deals. I said modeling and working. High single digit close rate is elite. Most are far lower.
1
Posted on 5/10/24 at 12:21 am to billjamin
I guess if you looked at the bank as an entire whole between NYC, HOU, Dallas, DFW, Chicago, Boston then 50 is easily doable for an entire bank. But when I think of Investment Banks, I think of them as individual city offices of banks. Like JPM Houston in oil and gas I see as standalone and not as same as JPM New York for finance deals.
This post was edited on 5/10/24 at 12:24 am
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