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Their job is so difficult! They have to use their money which they print to hire people which they employ to solve problems they are too dumb to solve. Aka the software engineers who built their entire database. ;D
The reality is that the client dictates all of this. If they push up deadlines or send you a request at some random hour, you will still have to respond to them. All banks offer essentially the same service, this is one of the few areas where they can differentiate themselves
yes def the client can play a huge factor but there is some nuance behind this: (1) first, some clients are just way more demanding than others (2) second, some have their sh*t together and others don't and those who don't cause massive headaches (e.g. crappy internal financial models you have to comb through) (3) third, all top banks offer extremely quick processes so it's not actually a differentiator amongst clients (4) fourth, even with a tough client, a great senior banker knows how to make requests more reasonable or push back gently to create additional time for the team - the best bankers i worked with were able to manage up (to the client) and down (to their team)
Exactly why I decided to not go into IB, continue to my Mathematics PhD and land a job as a quant - get paid probably 4x as much (minimum), for 30-60 hours week (usually on the lower end). I believe IB, Law, Medicine are all oversaturated and outdated optimal career paths. Back in the 80s would I have gone into bond analysis if I could - 100%. Now? No way…
Quant isn't 4x IB's comp, more like 2x, but since you have to get a PHD first by the time you make It someone in IB will be making the same comp as you (400k-ish for entry level quant at top tier HF or prop shop). Still, hours are better and I do think quant is a better career anyway and most people who get in IB don't seem to want to stay in It lmao, but saying you are making 4x minimum more in quant than in IB is a bit exaggerated. IB is starting at 200k nowadays, with 5 years of experience which is what a Math PHD takes that will have scaled up to that 400k. Shitty career anyway though, the hours are complete bs.
@@ThePipojp idk, investopedia says entry-level quant earns 120-210k, and entry level IB 137-235k, so I guess 400k is only after several years of work. But yeah, wouldn't be surprised with 2x per hour coefficient
I spent nearly 20 years on the sell side, putting in long hours in the hope of being compensated. The more I worked, the less I was paid, and eventually, I burned out. I was literally carried out of the industry on a stretcher. One positive outcome from those insane hours was that I learned how to invest. Now, 12 years after exiting the industry, I’m happier, healthier, and I have finally achieved financial independence. Walking away saved my life, preserved my sanity, and, ironically, made me wealthy.
I work at a bank. I am salaried, so I don’t get paid overtime. I always leave work at sharp 5 PM and I don’t work a second more. What I have noticed is my managers don’t like this and want me to work overtime for free. Once I worked until 5:15 PM and my managers pretended like they didn’t see me. By the rules of the company, if I work 15 minutes more, I can start work 15 minutes late some other day. My managers kept on ignoring me because they knew I would bring this up. This happened 2 months back and my managers still pretend this didn’t happen. I just showed up late by 30 minutes one day as my managers wouldn’t do anything. These multi billion dollars companies are always penny pinching.
You sound like a real joy of an employee lol. Joke aside, this attitude is fine, but don’t be surprised why you are passed over for advancement. It’s not harassment or them not liking you… those who put in the work stand out and earn those opportunities.
There is no reason to work that many hours. I want a well rested Banker. Those hours are sociopathic. The human body is designed to be a farmer and game hunter. The human body will break down after those long hours.
no humane reason to but it happens and this video is just explaining why it does. also it's not isolated to banking. law and medicine have very similar cultures
The benefit is that they make transactions more efficient. So, say a banana farmer wants to sell bananas, but he doesn’t have the bananas yet, banker writes up a contract, and the farmer can sell or at least promise to sell bananas in the future, and other people can buy that contract. And it isn’t just relegated to bananas, it can be literally anything. Anyway, because there are so many people ready to help money move from a to b via c, the rates at the end of the day are really low(with respect to all time levels) and most parties leave happy that they were able to complete their transactions in quick time. Then you have the speculators. Complete and utter wastes of space and air. Never actually providing any tangible net benefit to society. But just moving money to move money.
I genuinely don't know what kind of person would willingly work a job like this. What is the point of making all that money (which btw for the amount worked is not actually that much lol) just to have no time to have a life. Imagine wasting your precious years of early adulthood doing this.
Some people dont even care about what you are talking about. Some people want recognition, they just want to prove success, they want to gain money. Honestly 100 hours a week isnt too bad, ive worked 14-15 hour shifts many times with my dad in his business and with an electrician. They werent mentally challenging but they were physically demanding. I worked these hours before i turned 15 years old. Wasnt that exhausting, although it would usually be like 3 days a week that would require 14-15 and the rest were normal (school/holidays). You just got to take it an hour at a time. I did this for money, i would work with the electrician for 15 hours and get paid like 220-250 per day plus good lunch, which was like 3$ more than minimum wage, i was making almost triple for working double the hours normal people worked in mim wage. It was good, but i spent it on video games and dumb stuff. My dad didnt pay me most of the time too, sometimes he would give me like 120$ for 55 hours of work but i did it cause i wanted to help out and prove something to him. Its funny my most recent jobs i just work part time like 35 hours at most.
I somehow managed to eke out 5 years in banking…it’s was horrible. You get fat, lose your friends , lose your girl and a you always worry you fucked something up. The big paycheck high gives way to misery. Find another way to make a living
interesting you left out one of the top reasons... many analysts aren't just cut out for the work and spin their wheels too much figuring stuff out, resulting in longer hours.... being too proud to ask for help. another reason is analysts tend to "socialize" and waste time during the day, and prefer to crank things out "after hours".
Same in auditing, someone in EY india passed away this month from overworking. Banking culture is worse in India as the grunt work is given to Asian countries due to low labour costs and less employee well being policies.
Can someone help me understand something. The limit of productivity for any human is about 4 hrs a day. If you work anything past that you are less productive on average than the person who worked 4hrs. So why have people work insanely long and strenuous hours when they are going to be worse at their job and get less done than if they worked 4 hours instead? Do they not know this or is that simply the culture of most banks?
Wait, what actually happens if you're out at a club, you're polluted and you get a call but youre expected to speak or present something? Do you just not take the call, or be up front and tell them you made friends with everyone in the smoking area and you'd rather stay there?
the vast majority of the time, you can start to see things coming and so wouldn't put yourself in that situation. for ex if it's late at night and i'm going out, i would get all my work done beforehand and ask my associate if i can sign off for the night. for ex i would work until 10pm-2am on fri or sat and afterwards i would expect to do any work the following day. getting called in during the day time on a weekend when you don't expect it is a little bit more on the rare side since after some time you can see it coming. i just didn't for the one story i mentioned in the video haha
When its claimed that bankers work "90 to 100 hours per week", does it include the hours when youre waiting for client's or MD's approval? Does it include weekends? Does it include lunch and dinner hours? My point is if it includes the idle hours (when youre just waiting or eating), the long hour myth might be exaggerating, just my question and 2c, thanks!
No this is for real, you eat at your desk a lot of the time and make ptich decks and answer emails for higher ups untill midnight and its nog exception. I dont work in IB btw
Long story short: it’s not worth it unless you absolutely love finance/economics Big tech is easily the best value. 5 YoE making 300K+ for the rest of your career and on average working 40 hours or less. Also Tech is accessible to anyone unlike IB which pretty much requires you to go to a target school… which if you don’t have the HS GPA, hopefully you have the money and connections.
I wanted to watch this video when I see the thumbnail there are two reasons.First,It is about IB I really like this sector and the main reason is Here is Jamie Dimon on the thumbnail.He is my favorite person.
If only there was a few industries that provide 24/7 essential services that could provide a model for how to do this without devastating their employees.
@@tomekk.1889 You speak English because it’s the only language you understand. I speak English because it’s the only language you understand We are not same even though my grammar maybe be off but it's still effective...
@@leonchen89Yes, but you still earn more per year, and the tax on the upper bracket would definitely be less than the living expenses of the extra years working. I personally still wouldn't prefer the more hours/less years approach.
250k before tax is pretty bad if you are only working 10 years and not investing and having success or doing something else. I would do 15-20 years at least and hopefully get some good returns on investments or else ima have to work more. 20 years you would be like 50 to retire.
I believe software engineers at big tech firms like Google, Microsoft etc (CS students) have a better work life balance than Investment Bankers Analysts/Associate and MBB consultants and better salary also, but yes they follow similar career progression in terms of growth and money eventually making million dollars after being in their respective industry for decades. (4/11/24)
I’m still amazed these business bro’s are willing to work 100 hour weeks for a decade only to make about 750k a year on average. To perhaps maybe get an executive position maybe making 2-4 million a year, while also still working 80+ hour weeks until their late 30’s when risk and over leveraging finally catches up to them and they end up losses their positions. To then move to risk management in another firm only making $350k. If these fools spent even half that much energy becoming something more stable like cardiac surgeons they could retire by the time they are 42 after selling their surgery practice.
I find it so funny how there guys work so many hours for lackluster compensation in a very expensive city. On a per hour basis they likely earn less then some self employed carpenter. They think themselves so smart but get abused by the companies.
100 hours a week! Doing what? Thats going to be inefficient and error prone. In software, i used to get paid to undo the work of the 80 hr/week person. Seriously, what does the day-to-day look like?
They work 9-8pm or even 9-9 a lot of days. Not sure where you got 9-5. Look up average banking hours. Yeah it’s not in a hot production facility but it’s intellectually difficult work followed by also copious amounts of extremely tedious work under high pressure from management and deadlines. My source is one of my good buddies is one
@@vincentyou7994 no one is grinding during these hours. these kids will sit at their desks to get the free dinner on the business. its not intellectually challenging.
@@CaptainPicard96No, I guess it’s primarily PowerPoints and financial analysis most of the time, right? Long hours, yes, but intellectually demanding, less so.
Just calculate $ per hour . Then decide not to study and become Floyd Maywether instead. 1 fight a year , the rest of the time off . Worth $350 million.
Did I just hear correctly, the response to this was a "cap" of 80 hrs per week WITH a fucking exception clause? Thats fucking insane. Aint no way that's actually productive work.
Can I just say wtf are you doing that takes that much time? Like surely it's not all productive high value roi. Is ut just tedious work? I really wish I could pull these sort of hours even for a bit. My parents were lawyers so growing up they would pull some ridiculous hours I've never once except for production issues pulled those kind of hours or when I was starting out on roster I'd cover shifts on public holidays for more money. Imagine how good you would get at your job doing these kind of hours early on in your career. A few if my friends consultes at the big 4 firms and while they worked ridiculous hours. Their pay was always pretty decent and tbh it's set up the middle part of their careers really well. You can always cruise later in life.
People need to understand that as a fresh graduate, you have to put in the hard work to achieve success later in life. You might find yourself working over 100 hours a week, earning $150k+ per year. You'll likely do this for 2 or 3 years before moving up to an associate position. After that, those 100-hour weeks will generally drop to 70 or 80, with the occasional 100 hours thrown in. At that point, your salary could range from $300k to $450k and beyond. This generation seems to expect to join the ranks of the elite without putting in the necessary effort. Sure, you can choose that path; no one is forcing you otherwise. But don’t complain later if you feel like others are doing better than you. C'est la vie, les enfants.
If you have to say things like "this generation" then you're probably just getting old and out of touch. My parents said it, their parents said it... it never means anything
@@tomekk.1889 No, it just means you’re someone who didn’t finish high school or barely got through it. I’m guessing you work a dead-end job, spend time drinking or smoking weed, and think you deserve to work three hours a day, three days a week, for $200k a year. Everyone probably thinks of you as a loser. I bet your parents are really proud.lol
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Watch 4:20 for a funny story lol
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the money. end of the video.
Their job is so difficult! They have to use their money which they print to hire people which they employ to solve problems they are too dumb to solve. Aka the software engineers who built their entire database. ;D
Thank you sir
The reality is that the client dictates all of this. If they push up deadlines or send you a request at some random hour, you will still have to respond to them. All banks offer essentially the same service, this is one of the few areas where they can differentiate themselves
yes def the client can play a huge factor but there is some nuance behind this: (1) first, some clients are just way more demanding than others (2) second, some have their sh*t together and others don't and those who don't cause massive headaches (e.g. crappy internal financial models you have to comb through) (3) third, all top banks offer extremely quick processes so it's not actually a differentiator amongst clients (4) fourth, even with a tough client, a great senior banker knows how to make requests more reasonable or push back gently to create additional time for the team - the best bankers i worked with were able to manage up (to the client) and down (to their team)
I’ll save you the time: Money and Ego
Exactly why I decided to not go into IB, continue to my Mathematics PhD and land a job as a quant - get paid probably 4x as much (minimum), for 30-60 hours week (usually on the lower end). I believe IB, Law, Medicine are all oversaturated and outdated optimal career paths. Back in the 80s would I have gone into bond analysis if I could - 100%. Now? No way…
Quant isn't 4x IB's comp, more like 2x, but since you have to get a PHD first by the time you make It someone in IB will be making the same comp as you (400k-ish for entry level quant at top tier HF or prop shop).
Still, hours are better and I do think quant is a better career anyway and most people who get in IB don't seem to want to stay in It lmao, but saying you are making 4x minimum more in quant than in IB is a bit exaggerated. IB is starting at 200k nowadays, with 5 years of experience which is what a Math PHD takes that will have scaled up to that 400k. Shitty career anyway though, the hours are complete bs.
@@ThePipojpyou can do quant as a bachelor easily
@@ThePipojp idk, investopedia says entry-level quant earns 120-210k, and entry level IB 137-235k, so I guess 400k is only after several years of work. But yeah, wouldn't be surprised with 2x per hour coefficient
Those numbers dont check out and quants are usually not as smart but ok
30-60 hours and quant funds have some of the lowest returns YoY…
cause of death : PowerPoint slides
I spent nearly 20 years on the sell side, putting in long hours in the hope of being compensated. The more I worked, the less I was paid, and eventually, I burned out. I was literally carried out of the industry on a stretcher. One positive outcome from those insane hours was that I learned how to invest. Now, 12 years after exiting the industry, I’m happier, healthier, and I have finally achieved financial independence. Walking away saved my life, preserved my sanity, and, ironically, made me wealthy.
The guy has got the starter kit sorted out
I work at a bank. I am salaried, so I don’t get paid overtime. I always leave work at sharp 5 PM and I don’t work a second more. What I have noticed is my managers don’t like this and want me to work overtime for free. Once I worked until 5:15 PM and my managers pretended like they didn’t see me. By the rules of the company, if I work 15 minutes more, I can start work 15 minutes late some other day. My managers kept on ignoring me because they knew I would bring this up. This happened 2 months back and my managers still pretend this didn’t happen. I just showed up late by 30 minutes one day as my managers wouldn’t do anything. These multi billion dollars companies are always penny pinching.
You sound lazy
You sound like a real joy of an employee lol. Joke aside, this attitude is fine, but don’t be surprised why you are passed over for advancement. It’s not harassment or them not liking you… those who put in the work stand out and earn those opportunities.
That sucks lol. I’m salaried and I request my OT pay all the time 😂
You clearly aren’t in IB because your ass would have been fired a long time ago
lol your salaried . You’re not working overtime for free .
There is no reason to work that many hours. I want a well rested Banker. Those hours are sociopathic. The human body is designed to be a farmer and game hunter. The human body will break down after those long hours.
It’s because there are 2-3 people on the same project that has a deadline and it’s hard to hire more for the Samer project
@@RR-et6zp Nothing is that important. Sanity and health are the most important things on earth.
@@PrettyGoodLookin exactly.
That's why the sterotypical MD is fat and bald
no humane reason to but it happens and this video is just explaining why it does. also it's not isolated to banking. law and medicine have very similar cultures
Me when I'm in a ruining everyone's weekend competition and my opponent is a MD
lolol
80 hours is still a lot 😭😭
they are not actually grinding during these hours. its just a circle jerk. they are mostly just messing around on their computers
Shoulda showed up to the call as Santa
loooll
and all that without producing anything besides hot air
The benefit is that they make transactions more efficient. So, say a banana farmer wants to sell bananas, but he doesn’t have the bananas yet, banker writes up a contract, and the farmer can sell or at least promise to sell bananas in the future, and other people can buy that contract. And it isn’t just relegated to bananas, it can be literally anything. Anyway, because there are so many people ready to help money move from a to b via c, the rates at the end of the day are really low(with respect to all time levels) and most parties leave happy that they were able to complete their transactions in quick time. Then you have the speculators. Complete and utter wastes of space and air. Never actually providing any tangible net benefit to society. But just moving money to move money.
I genuinely don't know what kind of person would willingly work a job like this. What is the point of making all that money (which btw for the amount worked is not actually that much lol) just to have no time to have a life. Imagine wasting your precious years of early adulthood doing this.
Make millions in 5 years then retire and enjoy the next 40
You basically squeeze 15 years of exp into 5. That’s why bankers find it so easy to lateral themselves into anything
@@warriordx5520Only a small fraction are making millions. Also very few leave after just a few years because they're addicted to the money.
Some people dont even care about what you are talking about. Some people want recognition, they just want to prove success, they want to gain money. Honestly 100 hours a week isnt too bad, ive worked 14-15 hour shifts many times with my dad in his business and with an electrician. They werent mentally challenging but they were physically demanding. I worked these hours before i turned 15 years old. Wasnt that exhausting, although it would usually be like 3 days a week that would require 14-15 and the rest were normal (school/holidays). You just got to take it an hour at a time. I did this for money, i would work with the electrician for 15 hours and get paid like 220-250 per day plus good lunch, which was like 3$ more than minimum wage, i was making almost triple for working double the hours normal people worked in mim wage. It was good, but i spent it on video games and dumb stuff. My dad didnt pay me most of the time too, sometimes he would give me like 120$ for 55 hours of work but i did it cause i wanted to help out and prove something to him. Its funny my most recent jobs i just work part time like 35 hours at most.
Pay is low but it increases exponentially. Working in IB for 3 years isn’t worth it. Working in IB for 15 years is.
$150K+ salaries with huge bonuses and performance incentives (if offered in position) is a potent incentive.
Because of adderall... or cocaine. But it's a lot a lot a lot of adderall and some tranquilizer after.
Banking is so cut throat, need to know a lot of people for deals rather than knowledge at a later stage.
I somehow managed to eke out 5 years in banking…it’s was horrible. You get fat, lose your friends , lose your girl and a you always worry you fucked something up. The big paycheck high gives way to misery. Find another way to make a living
interesting you left out one of the top reasons... many analysts aren't just cut out for the work and spin their wheels too much figuring stuff out, resulting in longer hours.... being too proud to ask for help. another reason is analysts tend to "socialize" and waste time during the day, and prefer to crank things out "after hours".
Same in auditing, someone in EY india passed away this month from overworking. Banking culture is worse in India as the grunt work is given to Asian countries due to low labour costs and less employee well being policies.
I personally think AI will eventually replace investment bankers at least for the most part. So we wont be having this discussion in the future.
1) Money
2) Status
Almost 15min video about one word "money'
Can someone help me understand something. The limit of productivity for any human is about 4 hrs a day. If you work anything past that you are less productive on average than the person who worked 4hrs. So why have people work insanely long and strenuous hours when they are going to be worse at their job and get less done than if they worked 4 hours instead? Do they not know this or is that simply the culture of most banks?
Wait, what actually happens if you're out at a club, you're polluted and you get a call but youre expected to speak or present something? Do you just not take the call, or be up front and tell them you made friends with everyone in the smoking area and you'd rather stay there?
buddy thinks hes irreplaceable
the vast majority of the time, you can start to see things coming and so wouldn't put yourself in that situation. for ex if it's late at night and i'm going out, i would get all my work done beforehand and ask my associate if i can sign off for the night. for ex i would work until 10pm-2am on fri or sat and afterwards i would expect to do any work the following day. getting called in during the day time on a weekend when you don't expect it is a little bit more on the rare side since after some time you can see it coming. i just didn't for the one story i mentioned in the video haha
If you're in that situation and can't take the call, you just get fired later on. You have to make yourself available and ready to work.
Because stealing money from everyday people takes time, and lots of hard work- apparently.
When its claimed that bankers work "90 to 100 hours per week", does it include the hours when youre waiting for client's or MD's approval? Does it include weekends? Does it include lunch and dinner hours? My point is if it includes the idle hours (when youre just waiting or eating), the long hour myth might be exaggerating, just my question and 2c, thanks!
No this is for real, you eat at your desk a lot of the time and make ptich decks and answer emails for higher ups untill midnight and its nog exception. I dont work in IB btw
A man like me would work for free a chance to live and work in New York. I hope all is well! Yeah bro, this kind of goes hard
fair enough
Long story short: it’s not worth it unless you absolutely love finance/economics
Big tech is easily the best value. 5 YoE making 300K+ for the rest of your career and on average working 40 hours or less.
Also Tech is accessible to anyone unlike IB which pretty much requires you to go to a target school… which if you don’t have the HS GPA, hopefully you have the money and connections.
Patagonia vest… yeah… this guy knows what he’s talking about
swiss bankers with 40h work week and 21day per year mandatory vacation are laughing their asses off
How much do they earn? Something tells me much less, despite higher prices
swiss bankers aren’t touching these American bankers 😂
Why work this many hours - it’s so inefficient
I wanted to watch this video when I see the thumbnail there are two reasons.First,It is about IB I really like this sector and the main reason is Here is Jamie Dimon on the thumbnail.He is my favorite person.
Blame the clients that dictate the ridiculous timelines
If only there was a few industries that provide 24/7 essential services that could provide a model for how to do this without devastating their employees.
Seems to be pretty similar to how my dad describes working at his old law firm
The question its not why, the question its how
Loving the vest
the santa con story...gold
I don't mind working long hours like 100 per week if I can have a few million USD in as short as 2-3 years
Asian Jim Cramer with Ivey league degree working for legacy banks.
the question is not why, but how
Great video !!
Poor bankers, let raise a crowd fund to support them. Thumbs up if you agree.
Awesome vid!
Bro he literally dropped it less than 5 mins ago
lolol
Could you please make a video of your apartment tour at New York?
Why didn't they get sue for that deadly 100 hrs victim is beyond me
Small brain it's wrong video for you 😂 kid watch cartoon it's adult matter
@@saranshwalke9221Brother how are you mocking someone you can barely speak the language 😂
@@tomekk.1889 You speak English because it’s the only language you understand. I speak English because it’s the only language you understand
We are not same even though my grammar maybe be off but it's still effective...
arent banks basically always on a live deal tho?
Mmhmm corporate speak
The alc on the desk says a lot
How do you guys date with such long hours then ? Looks like you need to quit your job to find or go on dates
Casual hook ups, hookers, incels.
@@disarchitected And drugs. You won't get your PP up naturally with that much work and stress
Make 60k a year 40 hours a week for 40 years or make 250k a year for 10 years and retire
Yeah you ain’t retiring off that unless you plan to live on poverty level income from your stashed fund for that period.
@@navyrotc2012move out of democrat shitholes
The more you make per year, the more tax you pay.
@@leonchen89Yes, but you still earn more per year, and the tax on the upper bracket would definitely be less than the living expenses of the extra years working.
I personally still wouldn't prefer the more hours/less years approach.
250k before tax is pretty bad if you are only working 10 years and not investing and having success or doing something else. I would do 15-20 years at least and hopefully get some good returns on investments or else ima have to work more. 20 years you would be like 50 to retire.
I believe software engineers at big tech firms like Google, Microsoft etc (CS students) have a better work life balance than Investment Bankers Analysts/Associate and MBB consultants and better salary also, but yes they follow similar career progression in terms of growth and money eventually making million dollars after being in their respective industry for decades. (4/11/24)
I’m still amazed these business bro’s are willing to work 100 hour weeks for a decade only to make about 750k a year on average. To perhaps maybe get an executive position maybe making 2-4 million a year, while also still working 80+ hour weeks until their late 30’s when risk and over leveraging finally catches up to them and they end up losses their positions. To then move to risk management in another firm only making $350k. If these fools spent even half that much energy becoming something more stable like cardiac surgeons they could retire by the time they are 42 after selling their surgery practice.
I find it so funny how there guys work so many hours for lackluster compensation in a very expensive city. On a per hour basis they likely earn less then some self employed carpenter. They think themselves so smart but get abused by the companies.
Every deal is live 😂😂😂
I was thinking the same thing lmfao
Do you think the MBA rigor would help you manage the time as associate?
From my experience an MBA is not very rigorous. So probably not.
lol engineering might be more rigorous than an MBA. Add a minor or a double if it’s not rigorous enough.
Great video, thanks for sharing! All insights help whilst prepping for interviews.
no prob!
Jesus Christ. We, as a society, need to slow down. What’s the rush with all of this paper pushing? Hurry and wait is basically the name of the game
Do you get to have vacaitions?
yup but always had to take laptop with me just in case and worked on many "days off"
I work at a bank.
It's the money.
100 hours a week! Doing what? Thats going to be inefficient and error prone.
In software, i used to get paid to undo the work of the 80 hr/week person.
Seriously, what does the day-to-day look like?
no one wants to be the guy that left early.
I'm not sure heart problems in my 40s is for me.
cap for only 80hours? crazy....
Honestly for how much y’all make, I don’t actually think anything should change
what do they even do that takes that much time?
Some bankers don’t and have quit investment banking just like you
most actually lol but the video is more about why do they tolerate the hours at all
Having to say “let me take this weekend off” doesn’t sound nice 😢
i thought you guys like it.
I don't think 9am-5pm is "long hours". You can complain when you work 13 hour shifts in a hot production facility.
you clearly didn't watch the video jackass
Are you illiterate or didn't watch the vid? It's 80hrs+ a week.
They work 9-8pm or even 9-9 a lot of days. Not sure where you got 9-5. Look up average banking hours. Yeah it’s not in a hot production facility but it’s intellectually difficult work followed by also copious amounts of extremely tedious work under high pressure from management and deadlines. My source is one of my good buddies is one
@@vincentyou7994 no one is grinding during these hours. these kids will sit at their desks to get the free dinner on the business. its not intellectually challenging.
@@CaptainPicard96No, I guess it’s primarily PowerPoints and financial analysis most of the time, right? Long hours, yes, but intellectually demanding, less so.
Just calculate $ per hour . Then decide not to study and become Floyd Maywether instead. 1 fight a year , the rest of the time off . Worth $350 million.
Why is this not 14:22 of this guy yelling “money” repeatedly?
They tolerate the hours because of the bonus the end ! I just saved you 14:22mn
Because they have no soul.
Asians would complain about the hours, weak, I'd die for a firm what a wasted opportunity they made hiring you.
i never complained lmao did u watch the end of the video?
@@rareliquid
Fair point, 50% I'll finish now and report.
Put the second half first, you want to counter obvious objections before going into your main point.
To win.
1st step to create a cult: make members sleep less
Lol why do investment bankers wear those vests over their dress shirts 😂
Did I just hear correctly, the response to this was a "cap" of 80 hrs per week WITH a fucking exception clause?
Thats fucking insane. Aint no way that's actually productive work.
Modern Slavery with a dash of ego
Is it better to target jobs at tech? This seems unrealistic, what kind of life is this even?
Tech is going through a crisis, they overpay workers. Most of the crazy high pay was a product of rising stock prices/ipos due to low interest rates.
Can I just say wtf are you doing that takes that much time? Like surely it's not all productive high value roi. Is ut just tedious work?
I really wish I could pull these sort of hours even for a bit. My parents were lawyers so growing up they would pull some ridiculous hours I've never once except for production issues pulled those kind of hours or when I was starting out on roster I'd cover shifts on public holidays for more money.
Imagine how good you would get at your job doing these kind of hours early on in your career.
A few if my friends consultes at the big 4 firms and while they worked ridiculous hours. Their pay was always pretty decent and tbh it's set up the middle part of their careers really well. You can always cruise later in life.
Not a fan of JD
Should be behind bars
1st world problems.
People need to understand that as a fresh graduate, you have to put in the hard work to achieve success later in life. You might find yourself working over 100 hours a week, earning $150k+ per year. You'll likely do this for 2 or 3 years before moving up to an associate position. After that, those 100-hour weeks will generally drop to 70 or 80, with the occasional 100 hours thrown in. At that point, your salary could range from $300k to $450k and beyond.
This generation seems to expect to join the ranks of the elite without putting in the necessary effort. Sure, you can choose that path; no one is forcing you otherwise. But don’t complain later if you feel like others are doing better than you.
C'est la vie, les enfants.
If you have to say things like "this generation" then you're probably just getting old and out of touch. My parents said it, their parents said it... it never means anything
@@tomekk.1889 No, it just means you’re someone who didn’t finish high school or barely got through it. I’m guessing you work a dead-end job, spend time drinking or smoking weed, and think you deserve to work three hours a day, three days a week, for $200k a year. Everyone probably thinks of you as a loser. I bet your parents are really proud.lol
Is this guy a parody of a banker. The way he's dressed has to be a joke.
it is a joke lol i dressed up for the part
@@rareliquid that is hilarious
What a crock of shit. My son has been in 5 firms over ten years and everyone was sweaty. Bulge, middle market, and elite boutique.
It is a human hate human world. And Asian hate better than others!!!!
That is why 100 hour week happen.
Go Human!!!!