It's official: Investment Banking is more stressful than serving in Iraq
The evidence comes from one of the few soldiers qualified to make such a pronouncement. Captain J Dow Covey, of the American army, graduated in law, became an attorney and then went to Wall Street. In an interview with Michael Totten, a blogger embedded with the military in Iraq, Covey said he practised law for three years, before getting into invesment banking, and when 9/11 happened felt he had to sign up with the army. He added: "I am totally serious. Investment banking is a lot more stressful than this."
Something for those about to be given the boot in the City because of the sub-prime crisis to cheer themselves up with.
Source: The Business
Wow. So if one person has an opinion it is conclusive evidence that this opinion is now a fact. Interesting.
exactly. i was thinking the same shit.
This is old news and has been widely discredited. You, incidentally, are indeed a maniac. To think that getting paid 140, living in nyc, and wearing a suit to work is more stessfull than serving in a WAR ZONE is absoluetly insane. My advice to you, sir, is to get a life.
get a life? interesting advice comign from a college kid who pretended to be an investment banker for several weeks straight, describing the clothes he wore to work, his friends at the office, his MD's habits, and so on
Hahah, WOW. Not only is that completely disrespectful to our troops, its probably in the top 10 most asinine statements I've ever heard in my life.
I knew bankers had a superiority complex about their job duties but this is rediculous.
So getting shot at and dying, is less stressful than working a hundred hours a week? Thats definitely logical
Schumacher, I can forgive internet typing, but this is ridiculous.
You obviously dont spent much time on the internet. Get out with your sanity still intact.
I dont know how things at your bank are but we havent had any mass killings lately. Noones lost any limbs either to my knowledge, and I certainly havent been blown up by my MD for being late on a pitch book.
Only an ivy league shmuck with reality so out of whack would compare wall street to iraq.
...you may proceed with the flaming :P
When times are good, wall street is the place to be. When times are not so good, trading floors can look like a war zone. People hiding under desk, eating candy all day. People scared and crying, watching their positions blow up. Close friends lost due to the pink slip. The constant stress of making the right decision after being sleep deprived for days, there are a lot of parallels between war and wall street.
I appreciate every single soilder that risks his or her life so I can continue to live freely. I just wanted to point out that Wall Street isn't always as glamorous as people make it out to be.
While I don't necessarily agree with the statement, I could see how someone could come to that conclusion. War is often described as long hours of boredom followed by moments of sheer terror. A wall street professional is much more likely to spend the entire day stressed out. While the risks involved are certainly nowhere near comparable, the thing which we are measuring, stress, could quite conceivably be higher for the wall street person.
Again, I am not in agreement with the statement, but I imagine this is the logic used.
So it's disrespectful to the troops to quote something a troop said? That's bizarre logic.
I feel dumber for even reading this.
This is complete BS. First, this is the opinion of one person in the Army. Actual duties in Iraq differ dramatically. Some people are cooking food in a big safe base or pushing paper work. Other people are doing convoys and raids. The later group is under intense stress, being forced to work insane hours in high temperature, being attacked, and enduring the fear of being attacked. People don't get PTSD from Ibanking.
Having spent quite a bit of my younger days exchanging automatic weapons fire with irate locals, I'd venture to say that the notion that investment banking could possibly more stressful than combat service is ludricrous.
Let me tell you this: even your worst day in investment banking is better than any day where you have to say the words "fix bayonets!".
I was just browsing through the U.S. Military photos on the Yahoo news site and strangely enough I thought of this post. ...Maybe I'm spending too much time here. Anyway, the pictures that struck me weren't the ones with blown up cars or soldiers taking fire. The pictures that got the most of me were the ones with soldiers going about their daily routine. Standing on a rooftop knowing you could be picked off at any second, walking down the street past a group of 5 guys in a truck with AKs, or riding down the street knowing you could be blown up by a roadside device. Oh yeah, but in banking you have to worry non-stop stop too: page 10 needs to be page 13, page 17 needs some color, and oh shit, will I make it to Tenjune tonight?
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