The hours suck, but at least you get paid for them!

I'm currently working in Big 4 in the Financial Services Group. My hours since starting 2 months ago have been quite bad. Common to be at client sites from 8-9 7 days a week. I am told that this will continue until MARCH, albeit the amount of weekend work may subside! Man, I want to switch to banking just so I can get PAID for the hours I put in. I feel seriously undercompensated, especially when you factor in all of the studying I must somehow do to eventually get my professional designation. But, at least the summer isn't busy. How do you guys do it all year around? And would you still do it if you were getting paid literally half the money?

5 Comments
 

I'm guessing the pay at IB is still be more than that of accounting ( a lot more if including bonuses..... )

However, dfratz, IB hours will only get worst.....

 
IBankers MAY get paid for those hours(debateable), but they aren't getting paid for the stress and the sacrifices they had to make, that comes with those hours.

Disclaimer: The post above has been made by someone who is not currently employed in IBD, and has not had an interview yet...

 
Best Response
dfratzI'm currently working in Big 4 in the Financial Services Group. My hours since starting 2 months ago have been quite bad. Common to be at client sites from 8-9 7 days a week. I am told that this will continue until MARCH, albeit the amount of weekend work may subside! Man, I want to switch to banking just so I can get PAID for the hours I put in. I feel seriously undercompensated, especially when you factor in all of the studying I must somehow do to eventually get my professional designation. But, at least the summer isn't busy. How do you guys do it all year around? And would you still do it if you were getting paid literally half the money?

Continue until March...so that means eventually they'll stop?

Whereas in Ibanking...they'll NEVER stop...

Think before you speak...and just maybe you'll realise it isn't so bad after all...

What the bloody hell...13 hrs a day...even ECM/DCM will work more than you in a whole year since 12-13 is their norm...

 

Cum excepturi dicta vitae nihil animi et. Quia eaque veniam pariatur placeat expedita quo. Qui et ullam aut tempore reiciendis.

Autem voluptatem hic occaecati facilis est. Est voluptatem voluptatem et tempore nesciunt eum natus. Odio voluptatem vero sit excepturi itaque.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (78) $151
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”