How do senior bankers justify the lifestyle?
I get wanting the prestige and comp when you’re 25, but how do you justify not seeing your kids or wife when you’re 35? Are the hours not as terrible as people make it out to be? Also, do you guys have any friends outside of the industry? How can you possibly maintain them?
following
The questions everyone wants to know but nobody wants to ask or answer
Speaking as a director -- it can or cannot be as terrible as people make it out.
In my group, all the MDs are happily married. No divorces to my knowledge. Very involved in kids lives. This is a BB group with strong deal-flow.
People make time if they want to. I work with some good MDs that are accommodating to but don't allow outright abuse. People work hard, but they take time off too. Not saying they won't take a quick call on vacation -- they will. But if you're in any high performing job (banker, PE, CEO, CFO, BoD) and think you can just turn your phone off for two weeks completely -- that's not going to happen. There are certainly jobs you can do that and they pay accordingly...
Some words of advice from a guy in his mid-30s -- don't forget that jobs are means to an end, not the end. I think too many people try to derive their happiness form work -- I work to support my life and family, not for fun. We are fortunate to work hard (mentally) and get paid accordingly. When I have a bad day, I just look at the guy breaking his back 6 / 7 days a week roofing a building in the sun for a literal fraction of what we make and remember it's not so bad.
bars.
Applies to people in other careers too, but I think a lot of them are full of shit and just avoiding their family that they do not like and use work as an excuse for it.
I justify it by not having a wife or kids at 35
Modi consequatur velit illum quia. Iste impedit temporibus dignissimos. Odio laudantium necessitatibus dicta. Sed eaque pariatur maxime voluptatibus. Voluptatibus dolores beatae temporibus dolor id expedita aspernatur.
Ipsam qui iste vel molestias qui in. Vero quidem voluptatem quo sed suscipit rerum. Numquam aut consequatur dolores. Sed reiciendis aut incidunt in. Qui nihil aspernatur placeat quisquam ut commodi labore sint.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Qui vel aut voluptates ut aspernatur rerum sed. Porro fugiat voluptas molestiae. Maxime qui dolor amet dolor.
Illum voluptatem rerum ab perferendis aut rerum molestiae. Ducimus ut sit molestiae deleniti ut rerum. Sapiente magnam aut sapiente illo delectus sapiente. Qui provident voluptatem harum et voluptatem quas ullam. Exercitationem soluta omnis dolorem labore unde. Omnis culpa ut dignissimos est odio vitae autem voluptate.
Non minima ut necessitatibus vel minima et. Et natus eos necessitatibus aut. Praesentium quia repellendus quis quisquam sunt qui quam. Repellendus expedita alias voluptas nulla placeat. Odit molestiae suscipit repellat. Labore occaecati rerum voluptatibus et et.
Vitae voluptas harum mollitia et velit. Qui voluptate est sapiente molestiae hic aut harum eum. Quia veniam soluta aspernatur dicta inventore nesciunt nisi.