Do investment bankers actually work 100 hour weeks?

The average working hours of an investment banker is reported to be around 60 to 80 hours a week. In some cases, analysts reported their working hours reaching 100 hours a week. However, a 100-hour work week only occurs on a particularly busy and hectic week.

Is being an investment banker stressful?

Investment banking is one of Wall Street’s most coveted roles. It is also one of the hardest. It is no surprise that the average day in an investment banker’s life is long and stressful. Those who manage to survive the adjustment period often go on to have long and financially rewarding careers.

How many hours does an investment banking associate work?

Investment banking analysts generally work 80-110 hour workweeks – expect to have very little free time outside of the office, especially during the first year on the job. (Yes, that includes most weekends!)

How many hours do investment bankers work a day?

Many Analysts might be working more like 80-90 hours per week rather than 70-80. That may not sound significant, but it’s the difference between 12.5 hours per day for 6 days with one day off and 12.1 hours per day with no days off.

How many hours do investment banking associates work?

Across the industry, average investment banker hours are between 70-85 hours per week. No matter how you slice it, that’s a lot of time to spend working.

How many days a week does an investment banker work?

Why are investment bankers hours so long?

Investment banking hours are much longer than those in other jobs because of four main reasons: Huge Clients Pay Your Bank Huge Fees: When a company is paying your bank $50 million, $10 million, or even $1 million to advise on a deal, you have to do whatever it wants at any time of the day.

How much does an investment banker make an hour?

On a per hour basis, investment bankers are not paid nearly as well. With most analysts and associates working over 100 hours per week, their hourly wages can range anywhere between $25-$35 per hour . That’s not bad, but it doesn’t sound as good as $100,000 a year did.

How many hours do investment bankers really work?

Traditionally, investment bankers work long hours, sometimes as many as 90 to 100 hours per week. The banking culture values and admires people who work long hours, and many firms have a culture of conspicuous work.

How long does it take to become an investment banker?

One can become an investment banking analyst directly after earning a bachelor’s degree, but it can take two or more years of working experience plus a graduate degree to advance to associate status at an investment bank.

How many hours per week does an investment banker work?

Work Environment. An investment banker works with companies and government entities that raise capital, and bankers also provide advice regarding mergers, acquisitions and reorganizations. Traditionally, investment bankers work long hours, sometimes as many as 90 to 100 hours per week.