What exactly do bankers do in their free time?

Hey fellow monkeys,

As someone that's looking to dive into the banking scene, I was hoping to ask some experienced bankers...what exactly do you guys do in your free time. Is there even such a thing as "free time" or is it as legendary as the mythical beast known as the unicorn. (Considering how I constantly hear about 100 hour work weeks for IBD)

and if you do have free time...is it really constrained to playing golf and tennis? O.O

 
itsanumbersgame:

Mostly this, also occasional trip to the gym, maybe get a fake tan or pick up some vitamin D supplements to make up for lack of sunlight, online binge shop to feel better about selling soul for money, drink.

Oh gosh.

So 'golf & tennis' is really just reserved for the MDs i guess?

 

Fortunately for our secretaries, the analysts are way too busy, so only MDs get to do any real murdering.

Otherwise, there'd be some real turnover.

"There's nothing you can do if you're too scared to try." - Nickel Creek
 
AllDay_028:

These threads are so weird. Bankers aren't some weird subsection of the population. They do basically everything any other young professional does, they just do less of it because they work longer. Gym, Netflix, dating, drinking, coke, and sleeping is basically 90% of what young professionals do in NYC.

That's true! I was just curious to see if bankers utilise their time differently compared to other people because of their long working hours. And if they did, what exactly were they doing?

but so far, it seems like you're right, however, hearsay they party a little harder than most...

 

Whatever they want / can compromise on with the demands of their staffer. Not sure that this should be that much of a concern anymore, considering all these initiatives that have been implemented (mandatory free weekends, pencil down periods, protected weekends/saturdays, etc.)

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 
Matrick:

Whatever they want / can compromise on with the demands of their staffer.
Not sure that this should be that much of a concern anymore, considering all these initiatives that have been implemented (mandatory free weekends, pencil down periods, protected weekends/saturdays, etc.)

Thanks for the reply! That's a really good point you raised which I'm pretty curious about. How has that affected productivity at the banks? Has it gone down because Bankers are working less hours or is productivity still the same? (Assuming they can't be any more productive then they already are)

 

I think you're overthinking this. But just for the fun of it: If people know they can't put you on any shit over the weekend, they'll just make you finish it during the week. In theory, all you're doing is shifting workload into an even more compressed timeframe.

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 
OccultFinancier:

My (very scarce) free time goes to:

My girlfriend
My dogs
Movies
Gym

In that order? Doesn't sound too bad to me...
I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 

When most of your deals are signed you have a little bit more of free time (e.g.: going out at 20:00 or 21:00 instead of 23:00 or midnight). However, as it has been said many times in this forum, you need to have a partner who understand the demands of your job, otherwise getting into IB is an easy way to end a relationship

 

Walk my dogs, go to the gym 4 - 5 days a week, hike around NYC (typically Harlem) with my wife (also a banker) and dogs, listen to podcasts and audiobooks, learn Spanish, spend a fuck load of time supporting my sister through a messy divorce (mainly using my ex-lawyer knowledge to do around 80% of my sister's lawyer's job to save legal fees), "date night" dinner one or two nights a week with my wife, cook at home, teach myself how to use After Effects, discuss politics with my wife (mainly HK local politics and East Asia regional politics), go to the occasional evening talk at the Asia Society or similar venue, walk around art galleries (typically the Chelsea galleries between 10th and 11th like the Gagosian), after work drinks typically 1 evening a week, Skype with my parents in Australia.

That's pretty much 95% of my non-work, non-sleeping time.

Not much social interaction in that outside my wife, dogs and people at the dog park. That's the way I like it.

Those who can, do. Those who can't, post threads about how to do it on WSO.
 

"is it as legendary as the mythical beast known as the unicorn. " face-palm

"if you do have free time...is it really constrained to playing golf and tennis?" is this a negative?

"Oh gosh. So 'golf & tennis' is really just reserved for the MDs i guess?" I didn't think you liked these things

the way you word things bothers me.

if you don't golf now, you probably wont as an analyst. learning takes time and is embarrassing

you will do whatever you do now in your freetime

 

Haha I was trying to inject a little humour into the post...but it came out a little cringey...

Sorry about that :/ but thanks for the reply!

I play tennis actually! (Albeit not very well) but I was just wondering if the clichés we see on the movies is true in reality.

 

Can't personally relate to most of these lame answers, but I'm doin dan bilzerian type shit pretty much on the regz lol. shooting guns, fucking models, hanging out with celebrities, eating at Nobu, gambling, flying private, pounding cold brewskis lol its pretty tite dude.

banking is the tits, don't listen to the bitch ass haters

 
SilenceDoGood:

Can't personally relate to most of these lame answers, but I'm doin dan bilzerian type shit pretty much on the regz lol. shooting guns, fucking models, hanging out with celebrities, eating at Nobu, gambling, flying private, pounding cold brewskis lol its pretty tite dude.

banking is the tits, don't listen to the bitch ass haters

Finally someone who tells it like it is.

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 

Look man, I constantly have a feeling around this forum that some guys think bankers/traders/investors are rare species of humans with different habits than normal people.

Bankers enjoy time with their family, some go to the gym, some play basketball, some go to the bar and some hang out with their friends on their free time.

Just like the rest of the population.

 

Laborum ut non repellendus. Repellat porro odio nam sit voluptatem aut rerum quibusdam. Inventore temporibus ut quis occaecati. Et commodi est ratione. Praesentium odio facere sunt nemo animi. Blanditiis iste praesentium quisquam quidem est.

 

Et excepturi quam dolore doloremque qui. Animi sapiente hic id. Cumque dignissimos sunt sit eligendi. Quos nemo inventore consequuntur aut consequatur sit quae.

Dolorem non et sed sit. Officiis numquam quisquam delectus molestiae aut ipsa tempore.

Maiores minima eaque consequatur aliquam nostrum. Aut ut consectetur suscipit. Velit iste veritatis et et sint eius.

 

Id quas nihil sit est. Eos velit voluptatem sit voluptatum est. Ea mollitia sunt quia libero sint est. Dolor aut non vel culpa qui. In velit adipisci et. Distinctio repudiandae omnis quam ut tempore et.

Facilis facilis eaque repellendus odio. Architecto ut ut sit ex. Ab at quia suscipit eos aspernatur accusamus sequi. Possimus sint esse ullam error ut et neque saepe. Modi ducimus illum aut qui. Qui enim omnis rerum incidunt totam magnam molestiae.

Voluptates provident quis laboriosam id amet aspernatur nisi. Non voluptatem quo consequuntur blanditiis voluptate et id.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
kanon's picture
kanon
98.9
8
GameTheory's picture
GameTheory
98.9
9
bolo up's picture
bolo up
98.8
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”