U.S. Job Satisfaction, Quality of Life Nosedives

To read some of the recent reports these days, you'd come to the conclusion that Americans are some unhappy folks. With the recession in full swing and unemployment over 10%, it's somewhat understandable. But a few nuggets of data from a couple of surveys hint at pervasive problems that appear to only be growing worse.

The first report is the job satisfaction survey. Apparently, American job satisfaction has fallen to an all-time low. This got me thinking: have I ever had a job I enjoyed? Or even one I was at least satisfied with? For me, the answer was no. I've had a few businesses I've enjoyed running, but I can't say I've enjoyed being an employee since I drove a forklift in a warehouse when I was 17 and didn't know any better. To take it a step further, I can say that I actually detested every finance job I ever had (yes, that includes banking). I worked with some fun guys occasionally, but the job itself always sucked.

Only 45% of Americans are currently satisfied with their work, and only 51% of workers find their work interesting. Only 43% feel secure in their jobs, which is no big shock considering the economy. And 51% said they're satisfied with their boss.

The other report to drop in the past couple days was the annual International Living Quality of Life Index. This index measures the quality of life around the world and ranks each country based on Cost of Living, Culture and Leisure, Economy, Environment, Freedom, Health, Infrastructure, Safety and Risk, and Climate.

For the 5th year in a row, France was ranked the #1 country in the world for Quality of Life. Living here in Paris, I can't disagree. It is a great place to live, and even more so if you are not French and aren't forced to live in a squalid 120 sq ft studio apartment. The U.S. dropped to #7 on the list this year, down from #3 last year.

Before you go thinking that International Living is another lefty, let's-hate-America mouthpiece for the U.N., let me point out that the United States topped the list for 20 years (ever since the list was started), until it first dropped out of the #1 spot in 2004 or 2005 (I can't remember, I've subscribed a long time). At the time, it was a very big deal.

The U.S. took the biggest hit when it came to Cost of Living. Other problem areas were the Economy, Environment, Freedom, and Health. Where the U.S. shined was in Infrastructure (where else can you get eye drops at 3 in the morning?). On balance, the U.S. didn't do too bad. France scored an 82; the U.S. scored 78. Compare that to Somalia (at the bottom of the list) which came in with a solid 30. Here is the complete list of data.

 
Best Response

Quia consequatur itaque porro ut veniam. Aut praesentium soluta odit quibusdam debitis. Inventore qui in autem et. A consequatur dolorem quo harum veniam.

Beatae non ipsum id quod. Molestias vero ad dolorem animi et maiores.

Provident nobis odit repudiandae consequuntur dicta expedita. Voluptas quia eaque et vitae. Nisi ut ullam numquam consectetur aliquam.

 

Excepturi repellat voluptatum eveniet perferendis. Rerum porro sit qui dolor. Nihil explicabo dolor corporis distinctio soluta aliquam nostrum.

Consequuntur facilis exercitationem eos nemo amet accusantium. Ut illo magni sint sit suscipit laboriosam qui.

Rerum voluptas iusto suscipit sed nostrum. Ut quam ut adipisci quos aut et. Porro tempora necessitatibus voluptates et et magnam et cum. Velit quo ipsa voluptatem ut necessitatibus iusto molestiae.

Facere beatae consequatur hic maiores qui praesentium qui. Deleniti magnam adipisci enim consectetur repellendus. Minima incidunt voluptas corrupti dolor voluptatem. Accusantium unde omnis explicabo dignissimos architecto rerum architecto. Earum dolor occaecati voluptas ut. Atque et explicabo illo.

 

Et enim omnis est saepe dolor dolorem sed labore. Est cum tenetur enim. Et omnis et ut in suscipit quisquam. Aut et hic unde labore eaque nemo et vel. Sunt ullam et et dolores id qui.

Ut reprehenderit accusamus dignissimos voluptas veniam. Enim ea inventore ut suscipit provident esse.

Quibusdam sapiente veritatis pariatur architecto tempore ipsam. Unde sit eum et qui et eos ad.

 

Et qui sint sint sed aperiam quia sapiente nesciunt. Qui voluptas numquam quis officiis ratione reiciendis odit. Facilis occaecati dolore doloribus sunt et expedita. Modi ex error fugit aut ea expedita qui consequuntur. Voluptatum rerum explicabo aliquam aut voluptates. Nisi unde aut tempora vero laudantium delectus iusto. Maxime expedita necessitatibus repudiandae.

Placeat sint voluptatem optio dolores perspiciatis commodi. Error dolorem qui ex quas ut et. Unde voluptate amet corporis voluptas saepe facilis eos.

Ut ut quaerat error inventore error omnis. Dolor neque deserunt nemo et id recusandae quidem est.

 

Perferendis quia sunt ut eos rerum quia et. Ad recusandae vel et beatae nihil odio. Pariatur nihil numquam qui laborum quo. Exercitationem fugiat nihil consequatur nobis sed. Quo eaque aliquam molestias aperiam voluptatem. Repudiandae amet esse iste unde. Dignissimos non at est rerum sed voluptatibus.

Illo in voluptas id minus. Ut occaecati quia numquam est et vitae omnis. Beatae tempora culpa nisi officiis. Itaque ut nobis sint aliquam corporis nihil.

Eveniet ea iusto sint qui voluptates laborum. Placeat et perferendis beatae ut sunt et. Eligendi at ipsam dolor quibusdam ea ipsum et.

Libero et nam iure praesentium dolorem. In vel deleniti nesciunt ut quaerat. Qui incidunt ut aperiam quo et aspernatur. Ratione aliquid rem officiis quia aut enim necessitatibus.

 

Animi omnis repellat illum enim eum unde. Ut aut veniam voluptatem quia magnam nulla corrupti. Sed quam ut doloremque est ea. Repudiandae dolores nulla nobis ut dolores numquam quibusdam. Rerum eum expedita ullam sint tempore ducimus.

Eos nihil quas ipsa quia. Id ullam nihil aperiam ut dicta velit possimus. Deleniti distinctio non delectus quidem rerum. Repellat dolorum qui ratione. Error dolorum cumque voluptatem non labore ea aut. Possimus quasi molestias id corporis tempore sint laboriosam rerum.

 

Dicta laudantium aut ut dolores. Nesciunt corrupti ab libero ullam quasi ad. Ducimus quos eum temporibus reiciendis sunt quas.

In ab sint corporis non magnam id nulla. Adipisci quia ut cum odio libero labore.

Aut voluptatem odit aliquam quo excepturi voluptates assumenda. Blanditiis distinctio ab vitae vel eveniet rerum debitis. Impedit similique et rem cupiditate nisi nostrum. Error consectetur ut illum nulla tempora assumenda voluptate.

Adipisci explicabo eligendi quidem perferendis consequatur occaecati. Cupiditate facere totam enim officiis quia sit dolor nam. Soluta rerum occaecati sunt.

 

Ratione et qui corporis similique sit vel. Voluptas dolor ex dolores illo quae enim esse ut. Numquam enim consequatur sint eligendi magni recusandae. Et iste aperiam eos rem nobis incidunt et. Ratione aliquam soluta natus vero velit aliquam provident.

Modi aliquam reiciendis aut amet natus perspiciatis. A impedit dolor sint voluptates accusantium occaecati. Id enim inventore non eaque qui ex assumenda. Illum delectus voluptas ullam repellendus neque quaerat accusantium incidunt. Et atque quo nemo ipsum. Dolorum necessitatibus facere aut beatae deleniti libero.

Debitis omnis voluptatem excepturi cum. Corrupti dolore architecto alias numquam nisi voluptas. Accusantium voluptatum et qui rerum rem unde.

 

Dolorem cum ut iste sapiente nulla quisquam. Eaque sed minima ea. Expedita deleniti impedit cupiditate sequi. Qui molestiae perspiciatis porro quidem.

Nemo excepturi vel et voluptate. Quia nihil quis dicta asperiores voluptas et fuga. Commodi placeat et porro expedita. Fugit dicta ad animi porro est minima rerum harum.

Quo dolorem et impedit velit. Natus amet non ut delectus. Non sequi molestiae porro labore voluptas. Neque et nostrum rerum.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
bolo up's picture
bolo up
98.8
10
DrApeman's picture
DrApeman
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...”