Why does TMT have very long hours?
I always hear how TMT has one of the longest hours out of the industry groups and was just wondering why this is the case?
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Maximum dealflow and acquisitions happening in this space. Remember, most tech companies were usually created in the hopes that they would be acquired.
1) It's an acquisition prone industry, where M&A is often a fundamental part for any corporate to "stay on top" of their relative niches. 2) Often most companies' value lies in a relatively distant future, and before any significant track record of profitability. This, coupled with the existence of an incredibly vast (and rapidly changing) numbers of start-up and early stages companies which could be acquired means that for your pitchbooks you will need to create and update a huge amount of profile.
Once a deal starts, my personal view is that it's pretty much time-consuming as any other industry, i.e. the delta in hours (which by the way exists, but is probably less material than what you might believe) is coming mostly from more time consuming pitching activities.
Obviously, culture plays a big part in this as well.
Hours/lifestyle of Telecommunications teams (Originally Posted: 04/14/2015)
Generally, is telecom about as time-intensive as the tech sector is? Or is it closer to, say, the industrials teams? Any insight would be appreciated. As someone looking to enter the field I am hoping to maintain somewhat manageable hours, however challenging that may be..
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