<p>Do all analysts and associates really work 90-100 hrs a week? or is this just in your first few years..as in does it come down to a normal 50-60hr week ever? working 100hrs a week for a major part of your life seems pretty straining, if not impossible.</p>
<p>there are tons of threads on this already...search them up. all of your questions are answered there</p>
<p>I have no problem working Monday-Saturday 12+ hours a day as long as I have Sunday off or at least one day off in general so my body gets rest. But I've read about those 100 hours being every single day and you get no days off for the first 2 years.</p>
<p>^Or do you mean as long as you can count the cash notes you earned every Sunday.. haha.. it should be darn fun tho</p>
<p>The bonus is hopefully worth it. </p>
<p>I've also been told by friends who have gone to clubs in the cities and chatted with guys from IB who were fresh/sophs in during Friday and Saturday nights and they spend some time there just relaxing and drinking and not caring too much about sleep. They couldn't be lying considering the amount of alcohol they were getting as well. But who knows?</p>
<p>if you want to work fewer hours and earn about the same money as bankers then look into S&T. I hear most of those guys are out by 7-8pm</p>
<p>is there a high finance job that has fewer hours (i want to have and be involved in a family) with the same or close to the same salary and promotional opportunities?</p>
<p>yea there is. people in sales & trading work far fewer hours than bankers and can make about the same money or even more.</p>
<p>to answer OP's initial question yes analysts do work 90 hours a week pretty consistently in their first years. This i know by many personal accounts and is not exaggerated. the hours will often touch 100+ and rarely 80. A second year analyst also has a similar work week ( but he is SLIGHTLY in more control of things). Associates generally work 70-80 hours a week on average. At the analyst level more often that not Sundays are NOT off. The analysts on average work from 9am-1am on week days and 12pm - 10pm on weekends. Timings might be slightly different for different firms but an 80 hour average is pretty much guaranteed.</p>
<p>^What is there so much to do huh?..</p>
<p>what is the avg work week for S&T?</p>
<p>It should also be noted that the above is not necessarily true for all firms in all locations. Not working for a BB in NY has a lot of perks, namely good money and, depending on your location, a much lower cost of living and a higher quality of life. Additionally, working for boutiques often allows for much more interaction with upper management and typically comes with more responsibility.</p>
<p>@you: actually there is not much to do (from what i hear). You don't have to be a genius to be an I banker and the job does not require a lot of brains. Most of the time is spent WAITING before your seniors look over your work. Nearly, half of your day you might not be working but you have to stay in your cube or the office and cannot leave as you can be called upon anytime. Long face times are necessary and timings are not guaranteed.</p>
<p>I didn't want to make a new thread so I thought I'd post it here...</p>
<p>How do you expect to have a family and raise kids while in ibanking? I mean, I understand that after the beginning years, you work less hours and have more control. But let's be VERY generous and say you work 60-70 hours with flying time too. How do these ibankers have families and kids? (assuming a healthy family) Sometimes I really want to just stick to a regular 9-5 job because with that, it won't be a large amount of money; enough to be secure and to still have a family.</p>
<p>Your best bet is to marry someone who works similarly long hours so that the bad family life isn't entirely your fault. Kidding but also serious...</p>
<p>and you also have to consider that a lot of people only stay in ibanking for a couple of years, after which they take advantage of the great exit opportunities. And other people are just no interested in having a family.</p>
<p>Well you can always shower your kids and wife with money and expensive gifts/cars, to make up for the fact that you are an absentee father/husband. This often results in your children growing up to be pretty horrible to be around, and may cause your sons to become drug users, your daughters to become village bicycles, and your wife to cheat on you frequently and/or develop a serious alcohol or substance abuse problem. However the known consequences of taking this approach to fatherhood never seem to deter millions of money-hungry dads who still think they can buy their family's love.</p>
<p>^rofl invisible ink.</p>
<p>In honesty its either your job or your family and many choose their because of the enjoyment of competition and huge paycheck. Wall street doesn't permit employers to have a life outside their job. IB are stuck in the office giving out advice, watching their clients finance, sometimes travel for business rallies. Consultants are managing companies welfare, they are fixers of issues, they often travel to make resolution. </p>
<p>S&T seem to have it made because they have weekends off, they start very early (depending on time zone) & end early. They roughly make the same amount as analysis & associate but they are on commission and they have more independence on their income. If they made good trade for the year their bonus is huge if the opposite then the bonus will be small.</p>
<p>I really don't see the appeal anymore. there's really nothing to enjoy in life until you retire. but you can die any minute so if you do you wasted your life. you'll probably die early cause of the stress and hectic lifestyle and get sick often from lack of sleep and a weak immune system. You have no time so spend the money you earn. no family (even your parents will become distant), no friends other than work. it just looks like a formula for a false happiness to me. The competitiveness makes it extremely hard to accomplish things. you are disconnected from the outside world. You can't exercise. You usually live in a city with people who are generally stressed and rude (NY, Toronto etc etc[i live in the suburbs so I like the friendliness of people here])</p>
<p>please convince my I'm wrong, I want to be wrong.
It seems that people put up with all of this crap for some kind of promise of a wealthy future. but whats the point if you have no one to be with? what if there is no future and you die early??</p>