BofA Assoc who died had sought to leave, citing long hours
https://www.reuters.com/business/finance/bank-ame…
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Good article getting at the truth and bringing BofA hours to light
Bump man that makes me sad
So sad… “I would trade a few hours of sleep for a 10% pay cut”
Very sad. We know that trapped feeling he had, many of us have been there.
A little confused by this - what boutique offers less hours and less pay than a BB? Maybe less hours by his standards? But I always thought pay at boutiques was better, not worse, with the expectation that hours would be potentially worse or more variable, and job security also lower.
-VP at a BB
Probably referring to regional boutique firms ie. Lower middle market investment banking. Not “elite boutique” or the major independent advisory shops
Definitely this
My friend was in RX at an EB in nyc, I don’t want to say the name cause it might be a dead giveaway but it’s a lower tier 1/ upper tier 2 since teams are lean but he told me he only pulled more than 70 hrs a week twice a year. His average was more like 65 hrs a week. It’s also common for people to internally switch to ECM for less hours if ib is too much for them.
Dude spill wtf
f
This begs the question… are there really groups out there working ~60 hours per week?
BofA really sucks if so… paying 1/2 bonuses compared to other banks and still somehow grinding juniors 80+ hours/week on ridiculous pitches and MDs who bring in no deals
Great article, well written. Thanks Douglas for speaking out.
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