Who works more hours investment bankers or lawyers?

It is sometimes said that investment banking associates work longer hours than law firm associates and management consultants (investment banking associates on average work 80-100 hours per week), and at a more hectic pace.

Do bankers or lawyers work longer hours?

Investment bankers. Corporate lawyers work long hours, but their firms limit their billable hours. Clients don’t want to pay for the 100th hour a lawyer works during a week. Investment bankers don’t bill hours, so there’s no limit on their time.

Do investment bankers still work long hours?

The jaw-droppingly long hours investment bankers work are legendary. A widely-reported recent survey of first year analysts at Goldman Sachs revealed that they work on average more than 95 hours per week, and sleep around 5 hours each night.

Is Corporate Law lucrative?

According to PayScale, the average annual salary of a corporate lawyer in 2014 was $98,823. Corporate lawyers are paid for their knowledge and experience, both of which have a strong effect on salary.

Do corporate lawyers work long hours?

Most lawyers work more than 40 hours a week. It’s not uncommon for lawyers (especially Big Law attorneys) to work up to 80 hours each week. For example, the hourly expectations of a corporate lawyer at a Big Law firm in Manhattan are likely higher than those of family lawyers at a mid-sized firm in Ithaca.

How much do lawyers at investment banks make?

Investment Banking Attorney Salaries Now you know the average salary for investment banking attorneys nationwide, which is $119.1K. Want to find out the average salaries of related jobs? Check them out below. Also browse the top investment banking attorney jobs below.

Do investment bankers work 100 hours a week?

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.

How many hours a week do investment bankers actually work?

People in Investment Banking tend to inflate their hours a bit, and no one is working 100+ hours a week consistently. A good portion of my analyst class averaged about 75 hours a week for people in coverage groups and Lev Fin and about 85 for people in M&A.

What is the difference between law and investment banking jobs?

Employment in both law and investment banking are projected to grow between 2016 and 2026, according to the BLS. Investment banking has fewer hard-and-fast educational requirements. Most firms, however, require, at a minimum, a four-year degree.

Are investment banking hours really that bad?

Yes, investment banking hours, especially in your first year or two, are always bad (think: 70-80 hours in the office per week). But junior bankers also tend to exaggerate their hours, often by not subtracting downtime or breaks during the day.

How hard is it to get into law school as an investment banker?

Getting into law school does not require an undergraduate degree from an elite school; it is more important to have a strong GPA and to perform well on the LSAT. Expect work to dominate the first few years of your life in either career. Investment bankers work, on average, 70 to 90 hours per week during their first year.