Hours

Since it seems like supersized paydays are a thing of the past, will trading continue to entail the grueling hours and tough environment? As I understand it, the reason traders/bankers/financial professionals worked so hard was for the trade off of millions of dollars; now that the money is gone, will employers be able to demand so much? Will so many young people go into banking? Obviously there is no way to know for sure, but what do you see for the future?

With valuations getting fucked, deals blowing up left and right, and deal pipelines drying up, let's be honest: analysts are working less hours. I'm curious about the extent of this phenomenon.

I don't have any friends at BB banks, so for anyone from a BB: what are your hours like now that the M&A market is fucked? If your hours aren't down, I'm willing to wager you're putting in more face time. Right?

Anyone have experience interviewing at Mesirow? Any idea what the culture/hours are like?

Thanks.

What are hours likely to be for Restructuring? I'm a junior starting to think about summer jobs. How do exit opps compare to M&A? Is there a clear top tier of restructuring firms that have better exit opps than others?

With deal flow down so much I was wondering what time people have been leaving the office recently. When I first started banking I was lucky to leave before midnight now I rarely stay past 8.