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Posted on 5/8/25 at 6:47 pm to themetalreb
This post was edited on 5/9/25 at 11:42 am
Posted on 5/8/25 at 6:48 pm to Mingo Was His NameO
Dependent on how old they are, it goes down over time. I asked what does very top level work, they said 55 to 60 hours. Analyst 80 hours. Associate 70 hours. VP 70 hours. Director 65. That's the consensus from all the times I've asked.
Posted on 5/8/25 at 6:48 pm to Saunson69
quote:
From there, usually need a 3.7+ GPA in Finance to get that IB offer from a top school.
Some top schools don’t even offer finance as a degree.
Posted on 5/8/25 at 6:49 pm to 214
quote:
I work in PE and went to law school.
Why don’t you make enough to not have to live in the burbs with the patels?
Posted on 5/8/25 at 6:50 pm to Mingo Was His NameO
quote:I love the Patels because they keep to themselves and don't cause any trouble. Plus most of them vote the same as me. Red.
Why don’t you make enough to not have to live in the burbs with the patels?
Next question.
Posted on 5/8/25 at 6:50 pm to Saunson69
quote:
Dependent on how old they are, it goes down over time. I asked what does very top level work, they said 55 to 60 hours. Analyst 80 hours. Associate 70 hours. VP 70 hours. Director 65. That's the consensus from all the times I've asked.
This is relatively true, but worse than the hours is the travel. Often times you you’re hopping on a plane at a moments notice to work 50 hours Monday through Thursday and then working from home Friday through the weekend when you fly back.
But all that other bullshite you said is completely overstated
Posted on 5/8/25 at 6:53 pm to PowerTool
People from my town actually think “Engineers” drive trains…
Posted on 5/8/25 at 6:53 pm to themetalreb
quote:
Your local car salesman at ABC motors makes more money than your loan officer.
lol. A loan officer at a branch ain’t a banker.
Bankers are folks who generate millions in fees and in the case of commercial banks who hold debt, also generate millions of dollars of interest income each year.
I’m admittedly not even really a “banker” but far above some loan officer on the pay grade scale.
This post was edited on 5/8/25 at 6:57 pm
Posted on 5/8/25 at 6:55 pm to Mingo Was His NameO
quote:
But all that other bullshite you said is completely overstated
How many Investment Bankers did you have coffee chats with? How many investment banking offers did you have? Trying to tell someone that has literally done this how the reality is. That's like the biggest problem in social media. People talking about stuff like experts that have no experience and full of shite.
This post was edited on 5/8/25 at 7:01 pm
Posted on 5/8/25 at 6:56 pm to Saunson69
quote:
Dependent on how old they are, it goes down over time. I asked what does very top level work, they said 55 to 60 hours. Analyst 80 hours. Associate 70 hours. VP 70 hours. Director 65. That's the consensus from all the times I've asked.
That’s about right. Maybe a bit higher at the Goldmans of the world but then you roll down to regional bank type IB groups where the average is lower (with the comp also materially lower)
Edit: The added travel is a fair point. I used to occasionally fly to Seattle on a 7 am flight. Do a 7-8 hour deep diligence session, dinner with the client, then back to the airport for a red eye back to Chicago. Pop into my apartment, sleep for 3 hours, then back to the office for the afternoon.
Didn’t want stay over night as then the next day is shot and we needed to make progress on the deal
This post was edited on 5/8/25 at 7:15 pm
Posted on 5/8/25 at 6:59 pm to Mingo Was His NameO
I'll come in on a Monday and have emails from our LevFin people that were sent at 11:30 on a Saturday evening
I know the pay is incredible but I just don't know how they do it. I wouldn't last a week
I know the pay is incredible but I just don't know how they do it. I wouldn't last a week
Posted on 5/8/25 at 6:59 pm to Mingo Was His NameO
And the Aethon logo being 1 year outdated and 3 pixels off comes from literal experience from 2 managers who were investment bankers that I worked for in the job that I took instead. My manager is the one that had to come in on his wedding day in the morning.
And the person showing up 4 minutes past my boss and would sneak out 5 to 10 minutes before my boss left is a coworker who was warned he'd be fired if he did it again. The person who warned him was my prior investment banker boss.
Were your friends in a smaller investment bank or Goldman/JP Morgan/BOA? There is a difference in how big of Aholes they are. If anyone knows someone that's looking at Houston IB, steer clear of Jeffries. It's the worst sweat shop IB in Houston. If I could do it again, I'd choose recruiting for ones that aren't as big of a brand name where the hours are lower. The pay will go down, but you'll be fine regardless.
And the person showing up 4 minutes past my boss and would sneak out 5 to 10 minutes before my boss left is a coworker who was warned he'd be fired if he did it again. The person who warned him was my prior investment banker boss.
Were your friends in a smaller investment bank or Goldman/JP Morgan/BOA? There is a difference in how big of Aholes they are. If anyone knows someone that's looking at Houston IB, steer clear of Jeffries. It's the worst sweat shop IB in Houston. If I could do it again, I'd choose recruiting for ones that aren't as big of a brand name where the hours are lower. The pay will go down, but you'll be fine regardless.
This post was edited on 5/8/25 at 7:07 pm
Posted on 5/8/25 at 7:00 pm to Gulf Coast Tiger
They are a lying bunch, top to bottom.
Posted on 5/8/25 at 7:11 pm to Saunson69
quote:
How many Investment Bankers did you have coffee chats with? How many investment banking offers did you have? Trying to tell someone that has literally done this how the reality is. That's like the biggest problem in social media. People talking about stuff like experts that have no experience and full of shite.
I lived with one for like 4 years and work with them all the time. You did not talk to “hundreds” about accepting a job offer, just total bullshite. And based on your post history, there’s no way you do anything more than inside sales at northwestern Mutual
This post was edited on 5/8/25 at 7:20 pm
Posted on 5/8/25 at 7:14 pm to WestCoastAg
quote:
I know the pay is incredible but I just don't know how they do it. I wouldn't last a week
For many, it’s a status symbol, for others it’s a competition. Lots of type A personalities. The culture definitely breeds who can out a-hole each other, for the longest time it was thought the more hours you sat at your self the better you were at your job. The hours are still long, but it has gotten a hell of a lot better than it was even years ago.
My industry isn’t quite as neurotic, but I see it all the time. People get sucked into the culture and then it turns into “well I had to deal with this bullshite so the people below me do too.” And frankly, a lot of these people are fricking weird so they’re mid 30s to mid 40s with no family and nothing else to do so they work all the damn time and then expect everyone else to do the same
This post was edited on 5/8/25 at 7:19 pm
Posted on 5/8/25 at 8:01 pm to Mingo Was His NameO
quote:
I lived with one for like 4 years and work with them all the time. You did not talk to “hundreds” about accepting a job offer, just total bullshite. And based on your post history, there’s no way you do anything more than inside sales at northwestern Mutual
Why are you so invested in proving this guy wrong? There's nothing outlandish about saying investment bankers work 60-80 hours a week
Posted on 5/8/25 at 8:25 pm to themetalreb
I think in this reference they mean bank executives, financial advisors, investment banker, regional directors, CFOs, etc.
Not the teller or loan officer approving your car loan
Not the teller or loan officer approving your car loan
Posted on 5/8/25 at 8:26 pm to themetalreb
quote:
People from my town actually think “Engineers” drive trains…
Forgot about that one.
Posted on 5/8/25 at 8:56 pm to Bigdawgb
quote:
Why are you so invested in proving this guy wrong? There's nothing outlandish about saying investment bankers work 60-80 hours a week
Can confirm these numbers are correct and probably even light. If you’ve never heard of a “protected” weekend, it’s hard to fully grasp how many hours actually go into the job.
The hours at an M&A shop with good deal flow are relentless, and the concept of work-life balance is nonexistent. It’s one of the few desk jobs that actually has a physical element - the sheer exhaustion from long nights, back-to-back deliverables, and non-stop client demands make more people than not reconsider their life choices.
Also, that stat of 100 coffee chats doesn’t sound outrageous to me - especially if it’s someone from a non-target.
This post was edited on 5/8/25 at 8:57 pm
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