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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 2:08 pm to Thundercles
Posted on 5/10/24 at 2:08 pm to Thundercles
There was a time when I worked those kinds of hours and weren't making a quarter of what they make. You can't hack it? Quit.
Posted on 5/10/24 at 7:23 pm to Thundercles
quote:
For reference, these guys are getting paid ~160k out of college with hefty annual bonuses but in return they're expected to be on call about 18 hours a day for two years to make tiny changes and updates and do research for their superiors. If they make it through that meat grinder they enter the making millions territory and that's why they stay around
AKA earning your keep. All people aren’t created equal, same goes for jobs. Want the success? Put in the dirty work. Only a “handful” of people in this world get it served up on a silver platter.
Do your work. Investment banking might be one of the most grueling and cutthroat jobs out there which is why the rewards come in waves.
The real world is a tough, just because you fail at something doesn’t mean you will keep failing or at the very least become good at something else. I feel bad for these guys thinking this is their only path in life.
“Crickets don’t think they’re frogs because they watched a house hunting episode on HGTV. They know they’re lottery winners because of the wars in the middle east.”
-Meghan Markle
Posted on 5/11/24 at 7:16 am to Thundercles
They know what they’re signing up for. I will say that the people who tend to stay in an investment banking long term are typically hardo types without many interests outside of work, and they eventually become the VPs and MDs who set the culture and workload for juniors. A looooot of the hours and tasks are completely unnecessary and specifically created to make juniors lose sleep, but they’re signing up for that.
The juniors with options outside of IB and interests outside of work tend to leave after 2-3 years. It’s easily worth 2-3 hard years for those that take that path and parachute out.
The juniors with options outside of IB and interests outside of work tend to leave after 2-3 years. It’s easily worth 2-3 hard years for those that take that path and parachute out.
Posted on 5/11/24 at 8:46 am to Thundercles
they can quit
Posted on 5/11/24 at 8:52 am to Thundercles
Your typo made me think they would work 80-100 weeks and then get shitcanned.
I work 60 hours a week or more. I first full-time job was an area supervisor for Wendy's. I was 19. I worked 7 days a week, at least ten hours a day because the franchise was opening up new restaurants all the time.
My first job was at 15 hoeing cotton. We'd arrive at the crack of dawn and work until dark - every day but Sunday. And we weren't looking foward to being millionaires LOL.
I work 60 hours a week or more. I first full-time job was an area supervisor for Wendy's. I was 19. I worked 7 days a week, at least ten hours a day because the franchise was opening up new restaurants all the time.
My first job was at 15 hoeing cotton. We'd arrive at the crack of dawn and work until dark - every day but Sunday. And we weren't looking foward to being millionaires LOL.
Posted on 5/11/24 at 9:19 am to Thundercles
I've worked plenty of 65-75 hour weeks but don't think I could handle 85+ for any extended period of time
Posted on 5/11/24 at 12:01 pm to Thundercles
(no message)
This post was edited on 7/16/24 at 11:29 pm
Posted on 5/11/24 at 1:04 pm to Thundercles
quote:
How do you feel about young NY investment bankers being worked 80-100 weeks?
Posted on 5/11/24 at 3:27 pm to Thundercles
Chasing money isn’t something I feel sorry for. That’s what they want. I look at it the same as a guy who chases the shut downs working 7 12s on the road then cry’s his wife left him or his kids hate him. Going out to make a living is one thing. Chasing the big payday to pay for a lifestyle is another.
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