How Would the Stoics View Banking?

Was just thinking about this, how would stoics view banking? The hours, the sacrifice, the virtue of it, etc etc.. I feel like they likely wouldn’t have the most favorable view as it isn’t the most virtuous path but curious for everyone’s thoughts 

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Controversial

Gosh, I fucking hate wannabe stoics so fucking much. You are not a Roman! You do not have virtus! You do not understand what virtus means! You cannot know what virtus means! You are a 21st century, Christianity/humanism-influenced, spreadsheet monkey! You jerking off over an emperor basically writing self-motivation in order to deal with the stress of keeping the largest empire in the world together does not make you into anything more than the aforementioned white-collar bitch! Stoicism has been a coping strategy back then and it is a coping strategy now - only that you lack the ethical foundation it was built upon.

Please, for the love of God, please shut the fuck up and understand that you live in a fantasy.

...and the Truth shall set you free
 
Most Helpful

interesting perspective. if I read you right, because the OP was not written by someone from the ancient world, you feel that it's somehow invalid? I don't follow, because stoicism actually came out of ancient greece, not rome, and likely evolved out of other philosophies of mesopotamia, persia, and so on, therefore I don't think someone's geography ought to have anything to do with a philosophy's applicability, as philosophy is less the case of a random school of thought popping up but more of a brownian motion of inquiry borrowing from prior schools of thought and then evolving based upon its creators' interpretation of the world. also, many of the church fathers (augustine for one) were heavily influenced by stoicism so I think the implication that christianity is at odds with stoicism or that someone influenced by christianity cannot be a stoic is just off base.

also, you're forgetting that while aurelius is one of the more famous stoics, it was first founded by zeno who used it (as you correctly point out) to cope with having lost his fortune due to a shipwreck, and later by epictetus, a slave (and therefore in a very different station in life from aurelius), so it's not just applicable to the wealthy. on the ethical foundation bit, I'm a bit confused here, how do you know what the OP's ethical foundations are? is it not a worthwhile pursuit to build an ethical foundation if the world in which he grew up didn't provide it? please clarify

finally, while I believe your post is a bit of a reaction to "pop-philosophy" which also strikes me as cringe (looking at you ryan holliday), I think the pursuit is still a good one and one every person ought to embark upon (not just stoicism though, all philosophy, to see what makes sense, including religious). 

@ OP, stop wondering how the stoics would view banking, that's a waste of time. ask yourself if what you are doing is in line with your values, not what some ancient people may have thought about a career that didn't exist back then. take a look at seneca's on the shortness of life: https://ia804709.us.archive.org/9/items/SenecaOnTheShortnessOfLife/Seneca%20on%20the%20Shortness%20of%20Life.pdf

 

Thanks for the comment. In regards to the Church Fathers I have no knowledge in how far they were influenced directly by Stoicism. We as Christian-influenced people do not share the virtuous adherence to a masculine set of ideals (Virtus) that the Roman strove towards and upon which they based this philosophy. We have, as you will be aware, others, that is, the Seven Virtues (Faith, Hope, Charity, Prudence, Justice, Fortitude, and Temperance). My argument is not with the desire to hold onto your virtues come what may, that is very much honorable. The question is rather if this in itself constitutes "Big S" Stoicism, or simply a strength in character. "The Stoics", that is, Seneca et al, would very obviously would have regarded our professional lives as utterly, fundamentally abhorrent and ourselves as less than beasts.

Moreover, my general problem with Stoicism comes not only from pop-philosophy (that ghastly hodge-podge where my once proud nation unfortunately champions a true new lack of depth, Richard David Precht) but from it's general outlook onto life. It is fundamentally pain-avoiding, and thus, since life is pain, life-denying. Nietzsche has some very true and funny bits about this stony view on the world, but even from a Catholic perspective one can easily mock them in their joyless, painless, "virtuous" existence.

...and the Truth shall set you free
 

If believing that I'm Willy Wonka or Winnie Pooh makes me be a better man than what I would otherwise be, how is that bad? if taking inspiration from a Roman Emperor to get through my day helps me, isn't that all that matters? Results are what matter, your perspective not really (and it may surprise you that the world doesn't function because of an objective reality, but by our perceptions of it).

incentives trumph ethics
 

The problem with creating your own reality according to an archetype lies with the characteristics you ascribe to it. There are copious greentexts about anons memeing themselves into a Ryan Gosling-esque persona, but few succeed because they don't have the capacity to fill this archetype with healthy characteristics yet and get hung up on the aesthetics.

To your second point, yes, a method is of course to be judged by its success, but the nuances of its effects are often hard to see because success overshadows it. For example, Adderall makes you very, very efficient and might lead to great successes, but the true costs (hypertonia, etc) are buried underneath the golden surface. Therefore, to judge a method one must absolutely look at the assumptions being made, the framework for applying the assumptions, and the external factors influencing the execution. As stated above, these all seem somewhat flimsy in the case of Reddit Stoicism.

Also hard disagree on reality. Of course we shape it by our thoughts, but only because our thoughts lead to action upon the physical and metaphysical reality of the world. But can you explain your point more? Maybe I didn't fully grasp your argument.

...and the Truth shall set you free
 
BigKahunaBanker🏄🍹🍔

Gosh, I fucking hate wannabe stoics so fucking much. You are not a Roman! You do not have virtus! You do not understand what virtus means! You cannot know what virtus means! You are a 21st century, Christianity/humanism-influenced, spreadsheet monkey! You jerking off over an emperor basically writing self-motivation in order to deal with the stress of keeping the largest empire in the world together does not make you into anything more than the aforementioned white-collar bitch! Stoicism has been a coping strategy back then and it is a coping strategy now - only that you lack the ethical foundation it was built upon.

Please, for the love of God, please shut the fuck up and understand that you live in a fantasy.

I mean, I hard agree with the general point you're making, that half the idiots on this forum skim Meditations and suddenly think they're Marcus Aurelius... but Stoicism isn't Roman, necessarily.  It was founded by a Greek, and a Greek who lived before they were more or less assimilated into the Empire.  So tying it to some undefinable or un-translatable Roman term is also kind of try hard.

Christianity in general really shat the bed for most people when it comes to understanding a philosophy or take on life that doesn't revolve around the individual, and the receipt of individual gratification.  The entire concept that every person can have a personal relationship with "God" and that with sufficient prayer (not good deeds, not morality, just prayer) they can get what they want is insanely poisonous and is basically the root cause of every social ill we have.

 
Ozymandia

I mean, I hard agree with the general point you're making, that half the idiots on this forum skim Meditations and suddenly think they're Marcus Aurelius... but Stoicism isn't Roman, necessarily.  It was founded by a Greek, and a Greek who lived before they were more or less assimilated into the Empire.  So tying it to some undefinable or un-translatable Roman term is also kind of try hard.

Stoicism in its most well-known form (Seneca, MA) is basically "what if we applied Greek thinking to Roman virtue morality?". That should exclude it from any serious philosophical discussions, since we, as I said, don't share those virtues anymore, etc etc.

Christianity in general really shat the bed for most people when it comes to understanding a philosophy or take on life that doesn't revolve around the individual, and the receipt of individual gratification.  The entire concept that every person can have a personal relationship with "God" and that with sufficient prayer (not good deeds, not morality, just prayer) they can get what they want is insanely poisonous and is basically the root cause of every social ill we have.

Of course you are free to do whatever you want, but I suggest you try to understand "Christianity" (the Church) a little bit more deeply and not look at charlatans like Joel Osteen, who has as much in common with people like Augustinus or Thomas of Aquin as a deep-fried Mars bar has in common with a 5-course-menu Paul Bocuse. 

As a general overview, here's a few key points to note:

  • As a Christian (that is, raised in the Church) our "individual gratification" consists of truly, eternally living in the most holy presence of the Triune God
  • While the material world can be used for good (that is, what goes towards God and glorifies Him) or bad (that is, anything that is not good), it is not an end of itself and we are called to see it merely as a passing stage. That stage can be joyful, of course, or it can be painful, but the ultimate goal in it is the preparation of our eternal existence.
  • You absolutely have a personal relationship with God. More specifically, you have one with the Father, for He has willed you, one with the Son, for He has freed you, and one with the Spirit, for He breathes life into you. Through God, you are directly in a relationship with all of Creation and your fellow creatures.
  • We are called to "prayer unceasing", that is true. However, prayer is many things, and just as one covers all the bases in the Pater Noster, so equally can our work, our love, and our pain be a prayer. If done properly, your entire life will be one beautiful song that accompanies your dance through your earthly journey.
  • What you "want" is at any given moment a mixture of good and bad desires, however through community, charity, and the magnificent works of the Holy Spirit we are called to adjust each others views away from the temporal world, and onto Heaven.
  • The "root cause of every social ill we have" is evil, and that, as so many unfortunate souls in the Communist realm have experienced, really, really does not depend on any sort of system you live in. While there are social ills that can be mitigated better in some systems than in others (eg food scarcity, see above), the ultimate cause of goodness (Charity) can only be fostered - by fostering Charity, who'd have thought? And for that, the Church (note again the big "C") is very literally crucial, essential, and non-negotiable.
  • As a starting point, if my incoherent, self-righteous rambling has not scared you off, I can only most warmly recommend the apologetic works of C.S. Lewis (of Narnia fame), especially "Mere Christianity" and then later, as a real treat, "The Screwtape Letters".

Good luck on your journey and I pray you find true happiness.

...and the Truth shall set you free
 

Greed = lack of emotional control.

Seneca would despise it and Marcus Aurelius, if in banking, he'll reach CEO, if not in banking, he will do whatever he is doing (farming, etc.) for the rest of his life. 

incentives trumph ethics
 

Focus on Virtue: Stoics believe that the ultimate good lies in cultivating moral virtue and living in accordance with reason. From this perspective, they would likely evaluate investment banking based on whether it contributes to the development of personal virtues such as wisdom, justice, and self-control.

Detachment from External Outcomes: Stoicism teaches the importance of not placing one's happiness or well-being solely in external circumstances, as they are beyond our control. Investment banking, with its focus on financial gain and market fluctuations, might be viewed with caution from a Stoic perspective. Stoics advocate for finding contentment in one's character and inner state rather than in external success or wealth.

Ethical Considerations: Stoicism promotes the cultivation of virtue and moral behavior. Stoics would likely examine whether investment banking aligns with their principles of justice, honesty, and fairness. They would encourage individuals engaged in this field to conduct themselves ethically, treating others with respect and avoiding actions that harm others for personal gain.

Recognizing the Impermanence of Wealth: Stoicism emphasizes the transitory nature of material possessions and wealth. Stoics would likely encourage individuals involved in investment banking to maintain a sense of detachment from wealth and to be mindful of its impermanence. They might advocate for using wealth as a means to lead a virtuous life and to contribute to the well-being of others rather than becoming consumed by the pursuit of accumulation.

 

Where do you get the idea of calling him a banker? I mean he was an advisor to Nero for a time but if that's the closest it gets it doesn't seem an apt comparison. 

"If you don't have any enemies in life you have never stood up for anything" - Winston Churchill | "It's a testament to the sheer belligerence of the profession that people would rather argue about the 'risk-adjusted returns' of using inferior tooth cleaning methods." - kellycriterion
 

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