Hardest working banker you have seen?
Curious to hear who the hardest working banker you have seen is (can be analyst through MD) and some anecdotes / stories? Thanks.
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There's a FIG director at my bank I see (UBS/DB/RBC) - he's in the office at least 70 hours a week and I imagine he's putting in at least 5 hours more at home. That's 75 hours a week for a director....pretty wild.
I thought at BB's long hours for directors was still common.
Common means when it's busy sure, directors will pull longer hours - this is average, week after week. Sure it gets even more than that if it's really busy. If analysts at BBs are working an average of 90 hours now and you told them that if they stuck in banking 8-9 more years, their average hours would only go down by 15, they'd not be too happy.
Have to agree to that. Maybe it's just the sweatshop bank I used to work at, but rarely ever seen VPs/Directors log off before midnight. And they are in again early as well and of course work the weekend (with Sundays being >5h work).
Think it is fair to say VP is the worst job in banking as you still need to be close to execution / check what your Associate and Analyst are doing, but at the same are also expected to start sourcing and have a more strategic view on deals and relationships.
Honestly, I think it is exactly this that makes people ditch banking careers. It's suck to work late during your analyst years, but the real issue is that you see your superiors sweat almost as much, so you realize it really never gets better. There is always a (promotion / bonus) carrot they will keep dangling in front of your eyes to motivate you to go hard.
Sheesh, didn’t think those hours were needed at that senior a level
Are they considered a rising star / strong member of the group?
yup
Know of a director who pulls all nighters 3-4x a week, even when not necessary for the project. Not a top performer either.
what is he even during all this time
I think we all know the answer to that...
At an EB, MD works 60+ hours every week. Man's in his late 40s and still works those hours. Absolute rainmaker as well. Massive respect for him.
60+ hours isn't bad if you're bringing in tons of deals at an EB and are on a direct drive comp structure. I mean, he could take his foot off the gas a little and bring in less, it sounds like. Different story at a BB where even if you have a blowout year, you're making a few hundred k more.
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