Investment Banking is Hard
VP at a Canadian bank in SF (not Scotia). I recently got the promotion and have finally found myself in an industry coverage specialist role. Thing is, the office is small, and there are two MDs that that work in this space, both of which have reputations that precede themselves as nose to the grindstone guys.
The problem that I’m encountering is that I’m working really, really hard, like 70+ hours a week, and I get staffed on deals that are super stressful and there’s a lot expected of me. I’ve been yelled at several times by a variety of people (Associates, MDs, clients, some stupid bitch from HR), and every time it happens my feelings are hurt a little more, and all of this shit just fucking sucks and I don’t even really want to do it anymore if people are just gonna be mean to me and make me work a ton. I just wanna go home and play with my cats and hang out. Can anyone else relate to this? I feel like I was deceived into this role by money and by my one buddy who also says he’s in banking but my house is a LOT bigger than his so I think he’s actually lying to me. Is anyone else expected to work a lot and yelled at often and just generally disappointed with this lifestyle?
It sounds like you're navigating a tough situation, and you're not alone in feeling this way. Based on the most helpful WSO content, here are some insights and advice:
Work Hours and Stress:
Investment banking is notorious for its demanding hours, with averages ranging from 70 to 100 hours per week depending on the firm, role, and deal flow. While 70+ hours is tough, it's not uncommon, especially in smaller offices where resources are limited, and expectations are high. The stress you're experiencing is amplified by the high-stakes nature of the work and the personalities involved.
Toxic Work Environment:
Unfortunately, being yelled at or dealing with difficult personalities is a recurring theme in banking. Some MDs and colleagues operate under intense pressure, which can trickle down to the team. However, this doesn't mean it's acceptable. Many professionals in similar situations have found that setting boundaries, seeking mentorship, or even switching teams or firms can help alleviate some of the toxicity.
Burnout and Lifestyle:
It's common for bankers to feel disillusioned, especially when the lifestyle doesn't align with personal values or expectations. Many rationalize the grind by focusing on the financial rewards or viewing it as a temporary phase. However, if the trade-off feels too steep, it might be worth reassessing your long-term goals. Equity research, corporate development, or even roles in private equity often offer better work-life balance while leveraging your skill set.
Perspective and Next Steps:
Remember, you're not alone in feeling this way. Many have faced similar struggles and found paths that work for them. If you decide to stick it out, know that you're building resilience and skills that can open doors to other opportunities. If you choose to pivot, that's equally valid—your well-being and happiness matter most.
Sources: what the f*** is up with these shite investment banking analyst wages?, Work/Life Balance: Equity Research vs. Investment Banking - (A Definitive Guide, Part 1), Work/Life Balance: Equity Research vs. Investment Banking - (A Definitive Guide, Part 1), How do investment bankers handle long hours?, A Guide for Switching From Commercial Banking to Investment Banking
When the job that’s known for having long hours and a shitty culture has long hours and a shitty culture
Simplest answer in the world - lateral to a bigger bank, known for a better culture, but do your diligence through coffee chats. If that also sucks and you can’t handle it, that means the job isn’t for you, and find something else outside of IB. Also, piece of advice: don’t take anything personally. Everyone’s stressed out and would lose their temper on anyone in your seat. Accept that it’s not you doing everything wrong, it’s them being out of touch with their emotions and move on.
I sympathize with this, it is a hard job, but if you’re getting yelled at by your underling associates as a VP, you need to stop being a bitch and get them in line.
Why would you say that to me?
Lmao now I understand why you're getting pussywhipped by an associate
Brotha you might be a little too soft, time to grow some thicker skin and focus on the outcome of getting your job done rather than reacting to every little thing your deal team tells you.
comrade, if you are getting yelled by associates and HR, it means you are a rug at your firm
Don’t take anything personal - they’re all probably just as miserable as you
you need to show the associates who their boss is. go make them bring your coffee every morning
This is obviously a joke
Your house is bigger than your buddy's but you're crying on a forum. Money doesn't buy happiness. It buys a bigger house to cry in alone. Congrats on the promotion though.
🤣🤣 fucking idiot
Thanks “InvestmentMoneyBanker”!
In what world can associates yell at VP ?? Is that associate the son of your client ?
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