<p>120 hours does happen. It isn’t frequent but it does happen, usually when you’re on a deal. The group you’re in matter as well. If you’re in Goldman TMT, you’re going to get crushed but if you’re in HSBC LAF, your hours are just abit over Operations. Becoming a doctor is 10x worst than being an analyst. Analyst may work 100 hour weeks for 120-180k but MED students do 80-100 hour weeks for 45k doing their residency. AND by the time you’re a doctor, you can be a VP in banking making from 500k to 2 mil a year.</p>
<p>I worked at a PE firm this summer, my MD was in banking for 25 years and told me some of his horror stories. During his worst week as an analyst he went in on monday at 9am and didn’t sleep until 11pm on thursday. He would take a car home to shower/change but other than that he worked straight through. </p>
<p>It can turn into a fish story though, anyone who claims to work 120/wk on a regular basis is probably full of it.</p>
<p>Same with pay too.</p>
<p>This is part of the reason D choose S&T. Of course S&T requires an immense ability to deal w/stress and and an immense ability to make a split second decision. But, hey, the hours are better. Only about 60 hrs a week.</p>
<p>This last week was pretty brutal. And she doesn’t even trade equities. She iis an fx forward trader.</p>
<p>Just wondering, can you get a part-time job “like” investment banking? Of course the pay would be much lower to reflect the lower hours, but do such positions even exist?</p>
<p>Corp Dev is the only thing that comes remotely close. Other finance jobs at F500 companies may fit the bill in terms of exposure to modeling, but won’t have the deal-making aspect of i-banking or would likely be more inclined toward accounting. But anyway, gl finding a job that pays you a ton of money without a ton of hours. Nobody pays you to smell the roses brah.</p>
<p>just use your quant skills and become an engineer or actuary. you wont even need to wear suits everyday either.</p>