Banking is Bad for your Health
CO
Tags:
(Monkey, 62
Points)
on 2/15/12 at 2:18pm
From this morning's WSJ:
Every individual she observed over a decade developed a stress-related physical or emotional ailment within several years on the job, she says in a study to be published this month
What do you monkeys think? This is stating the obvious, but all the Adderall, sleep deprivation, and sh*t-taking has to catch up to everyone someday.
from: http://online.wsj.com/article/SB1000142405297020406270457722362382494447...
-Adelbert







I don't think she has any
I don't think she has any idea what she's talking about.
The average banker gaining 30-40 pounds is completely ridiculous. Also, there is no way that associates were working 6am-midnight (no one gets there before 9am).
ROFLMAO. Quote: A University
ROFLMAO.
A University of Southern California researcher found insomnia, alcoholism, heart palpitations, eating disorders and an explosive temper in some of the roughly two dozen entry-level investment bankers she shadowed fresh out of business school.
Gee, ya think???
Edmundo Braverman
ROFLMAO.
A University of Southern California researcher found insomnia, alcoholism, heart palpitations, eating disorders and an explosive temper in some of the roughly two dozen entry-level investment bankers she shadowed fresh out of business school.
Gee, ya think???
Does it count as insomnia if you aren't actually allowed to go to sleep? Is Seamlessweb an eating disorder?
"Social cohesion and puritanical morality place roughly on my list of concerns between whether I'll pick up jock itch at the gym this week (not likely, since I don't go the gym) and whether it'll rain in Christchurch, New Zealand next Tuesday."
-Eddie
In other news, Eddie hates
In other news, Eddie hates marriage and IP is cheap.
SECfinance wrote: In other
In other news, Eddie hates marriage and IP is cheap.
Not so. I love marriage, I just happen to think it's a horrendously bad idea. Like alcoholism.
Edmundo Braverman
In other news, Eddie hates marriage and IP is cheap.
Not so. I love marriage, I just happen to think it's a horrendously bad idea. Like alcoholism.
Point taken.
SECfinance wrote: In other
In other news, Eddie hates marriage and IP is cheap.
I'm not cheap, I'm THRIFTY! There's a difference.
Cheap means I party at 1Oak and leave a 10% tip. Thrifty means I grab a yuengling at a local dive bar's happy hour for $3 and leave a $1 tip.
Work hard, play hard.
IlliniProgrammer
In other news, Eddie hates marriage and IP is cheap.
I'm not cheap, I'm THRIFTY! There's a difference.
Cheap means I party at 1Oak and leave a 10% tip. Thrifty means I grab a yuengling at a local dive bar's happy hour for $3 and leave a $1 tip.
I prefer the term "economically efficient"
it's the competition that
it's the competition that drives me, love this work
Rien à prouver.. neuf quatre
MD8 wrote: I don't think she
I don't think she has any idea what she's talking about.
The average banker gaining 30-40 pounds is completely ridiculous. Also, there is no way that associates were working 6am-midnight (no one gets there before 9am).
West Coast =/= New York
Haters gonna hate
Haters gonna hate
Good is the enemy of Great
Revolution
In other news, Eddie hates marriage and IP is cheap.
I'm not cheap, I'm THRIFTY! There's a difference.
Cheap means I party at 1Oak and leave a 10% tip. Thrifty means I grab a yuengling at a local dive bar's happy hour for $3 and leave a $1 tip.
I prefer the term "economically efficient"
Amen to that brother...
I work a full time, partime, go to uni and hustle Leafs/Raptors tix on the side... so just under 100 hrs a week all in... im definitely starting to feel some side effects... consulting will be a cinch whenever i get in lol... my body will be trained to handle all this no sleeping crap
"Know what to do, know how to do it, and do it hard." - Juan Castillo
If you are in the Toronto Area join my group "Toronto Prospective Monkeys"
http://www.wallstreetoasis.com/group/toronto-prospective-monkeys
Revolution
In other news, Eddie hates marriage and IP is cheap.
I'm not cheap, I'm THRIFTY! There's a difference.
Cheap means I party at 1Oak and leave a 10% tip. Thrifty means I grab a yuengling at a local dive bar's happy hour for $3 and leave a $1 tip.
I prefer the term "economically efficient"
rofl
I banana back
Edmundo Braverman
ROFLMAO.
A University of Southern California researcher found insomnia, alcoholism, heart palpitations, eating disorders and an explosive temper in some of the roughly two dozen entry-level investment bankers she shadowed fresh out of business school.
Gee, ya think???
what if we already have those before work? 3/5 for me.
CityRainMaker wrote: it's the
it's the competition that drives me, love this work
Something about this post made me crack up.
Check out my WSO Blog
I've read plenty of posts on
I've read plenty of posts on this at M&I, and honestly I'm not surprised that an official investigation found these results. But can some of you elaborate on this? As in, what does it feel like to spend a whole day running on red bull/Starbucks? Is everyone constantly tweaking on amphetamines?
I've had my fair share of school + work weeks that had me sleeping at 2am and waking up at 6 to start all over again. It was only worth it when I got to see people I enjoy being around and stayed active. Is there any time in IB to exercise during the day (i.e. some down time in the afternoon, etc)? Could I sneak out for a half hour run as long as i had my phone in case i was needed? Also can anyone shed light on the order out food options? How much can you spend on food each day?
Sorry for my ignorance guys.
^ ^ no down time, you crank
^ ^
no down time, you crank from 6am to 2am straight
TheBenevolent wrote: ^ ^ no
^ ^
no down time, you crank from 6am to 2am straight
Haha.
I never had trouble staying
I never had trouble staying "up" for the job, my problems were always coming down after. That's where the booze came in. Might be the difference between trading and IB. Also, I wasn't putting in the monster hours. At its worst, I was working 75 hours a week.
elephonky wrote: I've had my
I've had my fair share of school + work weeks that had me sleeping at 2am and waking up at 6 to start all over again. It was only worth it when I got to see people I enjoy being around and stayed active.
Aren't you still in high school?!?
elephonky wrote: I've read
I've read plenty of posts on this at M&I, and honestly I'm not surprised that an official investigation found these results. But can some of you elaborate on this? As in, what does it feel like to spend a whole day running on red bull/Starbucks? Is everyone constantly tweaking on amphetamines?
I've had my fair share of school + work weeks that had me sleeping at 2am and waking up at 6 to start all over again. It was only worth it when I got to see people I enjoy being around and stayed active. Is there any time in IB to exercise during the day (i.e. some down time in the afternoon, etc)? Could I sneak out for a half hour run as long as i had my phone in case i was needed? Also can anyone shed light on the order out food options? How much can you spend on food each day?
Sorry for my ignorance guys.
Yes, we have a pull-up bar in the office. You can usually make it to the gym most evenings; however, this is easier to do when you're full-time opposed to being an intern. Seamless is $25 for dinner plus lunch on weekends for most banks.
Edmundo Braverman
ROFLMAO.
A University of Southern California researcher found insomnia, alcoholism, heart palpitations, eating disorders and an explosive temper in some of the roughly two dozen entry-level investment bankers she shadowed fresh out of business school.
They were still reeling from the departure of YoHoo
Moving tonnes of product. Making fat stacks.
ConanDBull wrote: Revolution
In other news, Eddie hates marriage and IP is cheap.
I'm not cheap, I'm THRIFTY! There's a difference.
Cheap means I party at 1Oak and leave a 10% tip. Thrifty means I grab a yuengling at a local dive bar's happy hour for $3 and leave a $1 tip.
I prefer the term "economically efficient"
Amen to that brother...
I work a full time, partime, go to uni and hustle Leafs/Raptors tix on the side... so just under 100 hrs a week all in... im definitely starting to feel some side effects... consulting will be a cinch whenever i get in lol... my body will be trained to handle all this no sleeping crap
People go to Raptors' games when J Lin ain't in?
SF_Reg wrote: TheBenevolent
^ ^
no down time, you crank from 6am to 2am straight
Haha.
My question was clearly not about simply having "down time" in the context of sitting at your computer with no work to do. I'm in high school - I understand what spending hours on the internet feels like, and I know that bankers do too. I want to know if there are chances to get out of the office and get a quick run in, etc.?
As in, if your boss shows up at your cubicle and you're not there, what happens, and does he accept an excuse for leaving the office to get some fresh air? (this assumes that you're not a dumbass and you don't leave the office when it's clearly unacceptable).
I've had my fair share of school + work weeks that had me sleeping at 2am and waking up at 6 to start all over again. It was only worth it when I got to see people I enjoy being around and stayed active.
Aren't you still in high school?!?
Indeed. I'm one of those rare white kids that's fighting the educational downfall of America, and I need a job in order to pay for my car, etc. It'd be nice if it paid off with a college acceptance letter or two...
I've read plenty of posts on this at M&I, and honestly I'm not surprised that an official investigation found these results. But can some of you elaborate on this? As in, what does it feel like to spend a whole day running on red bull/Starbucks? Is everyone constantly tweaking on amphetamines?
I've had my fair share of school + work weeks that had me sleeping at 2am and waking up at 6 to start all over again. It was only worth it when I got to see people I enjoy being around and stayed active. Is there any time in IB to exercise during the day (i.e. some down time in the afternoon, etc)? Could I sneak out for a half hour run as long as i had my phone in case i was needed? Also can anyone shed light on the order out food options? How much can you spend on food each day?
Sorry for my ignorance guys.
Yes, we have a pull-up bar in the office. You can usually make it to the gym most evenings; however, this is easier to do when you're full-time opposed to being an intern. Seamless is $25 for dinner plus lunch on weekends for most banks.
Not sure if serious about pull-up bar....
Good to hear about the gym. I'm not so worried about lifestyle as an intern, because (assuming I even get any internships), I only have to endure that for a few months. FT lifestyle concerns me a lot more.
Too much banking is bad, but
Too much banking is bad, but that applies for all things..too much is always bad.
............
Wasn't there a story or two
Wasn't there a story or two in 2007-2008 where a banker woke up and didn't remember anything up to that point in their life? Forgot the medical term for it and was looking for the article but couldn't find it.
Either way, crazy to think that even just a few years spent in a high stress environment can cause issues that affect you the rest of your life.
ProspectiveMonkey
Wasn't there a story or two in 2007-2008 where a banker woke up and didn't remember anything up to that point in their life? Forgot the medical term for it and was looking for the article but couldn't find it.
Either way, crazy to think that even just a few years spent in a high stress environment can cause issues that affect you the rest of your life.
shit, is this real?
really scary.
IlliniProgrammer
In other news, Eddie hates marriage and IP is cheap.
I'm not cheap, I'm THRIFTY! There's a difference.
Cheap means I party at 1Oak and leave a 10% tip. Thrifty means I grab a yuengling at a local dive bar's happy hour for $3 and leave a $1 tip.
There isn't a better bang for your buck then a Yeungling Lager. I'll be drinking that the rest of my life.
BTW, I don't know how prevalent it is now, but a few years ago they barely shipped out of the PA/Maryland/Deleware region. I know they recently opened a distillery in Tampa or somewhere down south. Where do you live Illini?
My name is Nicky, but you can call me Dre.
New York, now. You're right,
New York, now.
You're right, they don't have it in Chicago. Head west of Pittsburg, and you're in Leinenkugel's country.
Work hard, play hard.
aempirei wrote: There isn't a
There isn't a better bang for your buck then a Yeungling Lager. I'll be drinking that the rest of my life.
BTW, I don't know how prevalent it is now, but a few years ago they barely shipped out of the PA/Maryland/Deleware region. I know they recently opened a distillery in Tampa or somewhere down south. Where do you live Illini?
Yuengling has come on real strong in the past few years - very popular down the Atlantic coast and in Georgia from what I've seen.
Remember feeling some of this
Remember feeling some of this during the ten week sprint that is the summer analyst program. Getting out at an hour where I could get more than 4 hours of sleep in felt like Christmas morning.
Saw an associate pass out in a meeting once during that summer.
This is a pretty scary
This is a pretty scary article but I do see a lot of health issues in a lot of people due to this job (maybe not as extreme as the research suggests but still).
For example, people start looking a lot older, start getting grey hairs from the stress/lack of sleep (even an Analyst in his early 20's in my team found a grey hair the other day), mood swings (it's amazing how easily you get pissed off at meaningless stuff when you had very little sleep), people gaining weight (although my team has been pretty good at being very careful with diet and trying to get to the gym at least 2x per week), back problems, relationship issues (hard keeping gf/wife happy in this job) and general miserableness.
Currently, people are especially pissed off because clearly bonuses were terrible for last year but we are being asked to work even harder without more people as activity is picking up and also doing a lot of marketing/pitching as MD's are worried about their jobs obviously. So even tougher hours but not good pay (especially for Analysts where bonus isn't really a bonus but just delayed comp). I think a lot of people I speak with currently are going to exit this industry permanently within the next 3-6 months (it's surprising how little people seem to care about making less money but gaining a lot work-life balance and not having to deal with all the negative attention on this industry / banker hating (where you're embarrassed to tell people you work in 'banking') + structural changes leading to lower future payouts (potentially forever) + getting even less support for projects (even if live and large deals). Other opportunities are there but will take longer to get the right new job in the current market obviously.
Let's see how this shakes out but things are changing... (still on the fence myself)