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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
Posted by LSUDonMCO
Orlando
Member since Dec 2003
7042 posts
Posted on 5/10/24 at 2:08 pm to
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 by HeadChange
Abort gay babies
Member since May 2009
43858 posts
Posted on 5/10/24 at 7:23 pm to
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 by Crowknowsbest
Member since May 2012
26050 posts
Posted on 5/11/24 at 7:16 am to
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.

Posted by Cracker
in a box
Member since Nov 2009
18189 posts
Posted on 5/11/24 at 8:46 am to
they can quit
Posted by chinhoyang
Member since Jun 2011
24276 posts
Posted on 5/11/24 at 8:52 am to
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.
Posted by GreatLakesTiger24
One State Solution
Member since May 2012
56496 posts
Posted on 5/11/24 at 9:19 am to
I've worked plenty of 65-75 hour weeks but don't think I could handle 85+ for any extended period of time
Posted by B2 Bomber
Member since Sep 2016
305 posts
Posted on 5/11/24 at 12:01 pm to
(no message)
This post was edited on 7/16/24 at 11:29 pm
Posted by BuckyCheese
Member since Jan 2015
52552 posts
Posted on 5/11/24 at 1:04 pm to
quote:

How do you feel about young NY investment bankers being worked 80-100 weeks?
Posted by GeauxtigersMs36
The coast
Member since Jan 2018
9538 posts
Posted on 5/11/24 at 3:27 pm to
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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