I currently work for a 2nd tier boutique (think Sagent, Lincoln, Needham etc.) as a 2nd year analyst in the Midwest. The hours have gotten better as I am getting faster at my job, but I still pull 65-70 hours a week on average. Of course, when we're on a bakeoff or a live deal those go up to 100+ but that only happens a few times a month.
- I was just wondering if this is as good as it gets for investment banking, or if there are shops where the average hours are closer to 55-60?
OP continued at bottom
IB Hours: Is This As Good As it Gets?
Everyone knows that hours are long in investment banking. However, hours/lifestyle/work-life balance and more vary by group, deal flow and firm. Reviewing stats in the Investment Banking Industry Report can give you a better idea which firms generally work longer hours.
According to 2018 data, the following firms worked the most hours a week:
- MUFJ Morgan Stanley Securities: 90 hours/week
- Allen & Company llc: 87.5 hours/week
- MTS Health Partners: 87.5 hours/week
Most WSO users in this thread commented that 60-70 hours is fairly decent for investment banking jobs and that any professional services job at a certain level is going to require more than the 40-hour work week.
- Finance Jobs 60 Hours a Week or Less
- Investment Bank Lifestyle Better at Boutiques
- Banks with Easy Hours
- Jobs with Low Hours
Continuation of OP
The reason I ask is because I am actually considering a career in investment banking (Not ECM or DCM) and just wanted to get a feel for what hours at some other shops were.
tl;dr: hours at current shop are 65-70 hours a week for analysts. 60-65 a week for associates. Do better hours exist at other "reputable" shops? Looking to stay on as a career banker without killing myself