When do the hours Improve?
I hear over and over that the hours get better after investment banking. But then multiple people have told me they are the same during the first years of PE. So when exactly do you start to see an improvement on your hours? Is it PE year 3? After your MBA?
I don't want to get caught in a trap where before I know it I'm 50, my kids are in college, and I'm still working 12+ hours/day.
This is the most depressing part about banking in my opinion. From what I've observed, for many it never really gets that good even at the MD level. Most of the MDs I've encountered seem pretty stressed out, generally unhealthy and still not having the work life balance you would think they'd deserve at that level of seniority. Sorry for the gloomy picture but it seems to be the reality, perhaps others disagree.
Agree. think about it - when you're an MD in banking you become the face of the franchise to a group of clients and are expected to lead the relationship. this can mean working till midnight very often (even if you are not physically in the office because you are traveling to see clients or with the fam or whatever). youre basically on call around the clock especially if youre with a top franchise.
This really depends on the firm but generally speaking, buyside will have a better work/life balance because they are not trying to "win" deals but I also know some MDs who play golf every other day and go to Hamptons every summer. It depends on the deal flow/firm culture but at a MD level, you're going to be fine - just hire a smart director/VP to do all the work
there's no work life balance.
If you want to excel in almost any field -- particularly in finance or business -- you will not, or at least should not expect to have any work/life balance until you retire.
I have a great work life balance. It's 100% life 0% work.
A lot of corporates are fine. Especially if you move to Europe. Putting in overtime in some places can mean working 50 hours a week instead of the normal 35.
Your hours improve when you stop being a pussy ass little bitch. It's that simple.
Do good work, learn, and deliver when theres something to deliver. After you have learned enough to be valuable, tell the clowns that demand Facetime to fuck themselves. If they come back at you, just walk.
Banking isn't as lucrative as it used to be at the junior level. In terms of relative value, there's a lot of competitive gigs. If you deliver good product and are straight up with your boss about your hours, you'll be fine. If he wants to be a bitch about it, there are plenty of people looking to hire ex-I banking analysts. Walk away and he'll have one fewer analyst to push around.
Dude, most of the bullshit at the junior level in banking is self-imposed. Dick measuring contest between analysts about who can stay the latest or whatever. Just get over it and your hours will improve.
I love your posts. Keep at em tiger, and don't use spit.
Anyways, sounds like going corporate after 15 years may not be a bad gig.
Hours improve once you hit VP
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