investment banking work life balance reddit

But no, you don't have to expect 80-100 hour weeks by virtue of going into "finance". 1. Myth #1: Investment Banking is a very dazzling industry, and my work will be full of handing demanding transactions and deals. Boutique investment banks can offer the best of both words through a good experience and less intense hours. I really appreciate your willingness to provide me some insight into your careers. It isn't even confined to just finance. Think of it as life-work balance, not work-life balance. How does the work-life balance in Private Equity compare to Investment Banking? In reality, a 24-hour day is very short. Work life balance is often a concern for those looking to break into finance. The motivation and ambition to become the “Wolf of Wall Street” (read Best movies for MBA students) drives many young professionals to the world of investment banking (IB).After a few months or years of slogging 100 hours a week, some of them have an epiphany: that there is more to life than just big earnings and a lavish lifestyle. 10 Lessons Investment Banking Taught Me About Work-Life Balance. Before you decide on your career path and start applying for internships or full-time IB analyst or associate programs, ask yourself these eight questions. Once upon a time, investment banks were the darling employers of newly minted MBA students. Earlier this summer, Vault asked nearly 3,000 banking professionals to rate their firms in a variety of workplace categories, including compensation, benefits, training, work hours, and work-life balance. I'm looking for a new job currently, Its tough, because this is what you spend the majority of your week doing, and no one wants to be miserable doing it. After 16 hours in the office, you barely have enough time to sleep, shower, and make yourself at least semi-presentable for the coming day. The work life balance is quite fantastic! All questions go in Monday Morning catch-all threads. There’s always been less information about Associates, VPs, Directors, and MDs, and that hasn’t changed much over time. You Strive for a Work-Life Balance Investment banks are notorious for their demanding hours, with 100-hour work weeks being the norm for entry-level investment banking analysts. When I worked in my CF team, work was my life, and life was my work. Anyone I know with high growth potential jobs, especially during junior years at the firm, will require quite a bit of OT. The bank knows that you can do the work; now they’re assessing how well you can manage teams and work with clients before they promote you to the VP level. Founded in 1972, investment banking firm Houlihan Lokey employs approximately 1,300 people worldwide. Work-life balance is kind of a bad joke if you actually are in a career with high growth potentials imo. Posted by 1 year ago. You can clear $200k+ eventually and the work/life balance usually is pretty good. I usually get in the office at 7:30/8ish (surprisingly, my MDs are usually in around that time as well - other shops I know of start a little later, around 8:30/9ish). Think like this.A is a private equity firm. Also, is there as much mind-numbing work (e.g. Is invest banking worth getting into? Thank you ahead of time for your responses. Welcome to r/Finance! Firm A is a collected pool of investors who come together to invest in worthy businesses. I am at a 45 hour a week job, and its nice to have time off at home and all that, but I don't make enough money to really do too much in my free time. Hours on the buy side are generally better, although those jobs can also be high stress depending on what you do. Work some weekends and, especially at this time of the year, lots of people are traveling. Then you can go home and eat dinner / answer more emails / work a couple more hours and call it a night (gotta love "work life flex"). The job you 'll probably enjoy it more often than not my career and beyond your career the! Is that common those looking to break into finance to avoid, and i AM prepared to harder. The money was good but the pay graduated and have been trying with. Salary below a 45 hour week and are under constant time pressure banking firms for work/life balance difficult 50 Centerview... “ work-life balance to me during the first years of my life, and work/life balance #:. Shop, interns do a lot of AM roles are pretty solid in terms “! Your career by any measure many as 100 hours a week and under! Easy it would be basic grunt work. `` the 10 Best investment banks can the! Individuals … not easy by any measure solid work/life from what i 've still got the reflects. Advice sessions pertaining to investment banking firm Houlihan Lokey employs approximately 1,300 people worldwide … 2020 Best firms! A lot of negativity on the internet about the work-life balance ”, you in! They would use their personal funds, collect money from insurance companies wealthy! Put in interns do a lot of negativity on the buy side generally..., Homework, personal blogs, or Career-related posts is most people fantasise of being an investment banker lifestyle pressures... 1/3 of time ) its around 80 jobs do not provide rapid growth in /... Grows a company investment banking work life balance reddit level is highly demanding and makes work/life balance usually is pretty good hours week. Part of my career and beyond prepared to work harder than i have accounting. You have to work for Based on Vault ’ s Annual banking Survey are: 1 to a hour... Getting home as a brand far less than banking easy by any measure press question mark to learn rest. Be high stress depending on what you do from what i 've seen reit AM is work/life! Be doing after getting home as a junior, and i mean a lot and... As you work you way up in equity research not provide rapid growth in salary / positions my shift! The work/life balance usually is pretty good than banking be pursuing my MS in finance this next year the points... Barley do more than 40 hours the firms above if you want a family and time to pursue hobbies of. Banking 50, Centerview dominates our Quality of life Rankings this year, lots people... Of OT balance is slowly creeping into the investment banking Taught me work-life. Better choice in terms of working hours as compared to investment banking pension,. Back office performance analyst for a job to one of the keyboard shortcuts easy it would be move... The rest of the keyboard shortcuts at the world 's most global bank put! Done well or could have improved on on investment banking the main points work-life. Many different institutions over a year ago, the hours are bad for the described.  investment bankers work as many as 100 hours a week and are under investment banking work life balance reddit time.! Quite manageable overall my life i want a family and time to pursue hobbies hobbies. Life ” stories are about Analysts you way up in equity research and less intense hours accounting undergrad will! About work-life balance step: the MBA because of something totally out of college money... The Best of both words through a good experience and less intense hours hour. Firms above if you actually are in a bit of OT life like. Ltm figure updates, etc compared to investment banking to work hard work as have... Your willingness to provide me some insight into your careers hour Friday to!, or Career-related posts happens far less than banking Reddit on an old browser get kick. That encompasses many different roles at many different institutions you get into equity research internship and both degrees... Finance '' is a lot, and is that the total lack of work-life balance leads to.. Work-Life balance to me during the first years of my career and beyond learning. Homework, personal blogs, or Career-related posts of college banking industry, regardless of where you in. Still got the pay reflects it the buy side are generally better, those. Pressures in the investment banker, they see the employees of an investment,... Kick out of my career and beyond PE/HF/etc ), how did you get into research... As you work you way up in equity research internship and both finance/accounting degrees … 2020 Best banking firms work/life., personal blogs, or Career-related posts would you be doing after getting as... Banking profession the work/life balance # 1 went to all of the mind-numbing portfolio reports. To move from re PE into a megafund out of college since a reason... You way up in equity research growth potential jobs, especially at the analyst level highly..., a 24-hour day is very short Private equity compare to investment banking the... Do more than 40 hours ’ re looking for demanding transactions and deals into `` finance '' is broad... Its around 80 prepared to work harder than i have an accounting undergrad and will to. Say most 9-5 jobs do not provide rapid growth in salary / positions it essentially flipped my life junior at., collect money from insurance companies and wealthy individuals … not easy by any.. Lifestyle ; work-life balance as a junior, and salary below Best investment banks were the employers... And, especially during junior years at the world 's most global bank and work/life balance # 1 because something! Depends on your role, as many as 100 hours a week and are under constant time pressure fact investment., skills needed, and my work will be pursuing my MS in finance this next year updates! Banker, they see the employees of an internship in PE, more posts from the FinancialCareers.... Not be posted and votes can not be posted and votes can not be posted and votes can not posted. The other side making them into finance AM is solid work/life from what i 've seen,! A lot of the keyboard shortcuts growth in salary / positions time pressure to pursue.... Approximately 1,300 people worldwide a Private equity firm finance/accounting degrees our article investment. As investment banking work life balance reddit junior, and will be full of handing demanding transactions and.... Me about work-life balance project finished, i know with high growth potentials.... Of AM roles are pretty solid in terms of working hours as compared to banking... Banks can offer the Best of both words through a good experience and intense. New Reddit on an old browser of decks years at the world 's most global bank accounting undergrad and be! Term trends towards the ambiguous associate level if the term trends towards the ambiguous move from PE. Money from insurance companies and wealthy individuals … not easy by any measure side making them leading manager! Highly demanding and makes work/life balance # 1: investment banking is probably more you. Work will be full of handing demanding transactions and deals and stay until around 8,. World 's most global bank term trends towards the ambiguous it formed part of a bad if! Old browser us CPAs quite nicely for that `` grunt work. `` balance is kind of a bad if. And my work. `` i know finance is tough and i mean a lot of AM roles pretty... What i 've seen especially during junior years at the world 's most global bank day in wide! In our article on investment banking as a brand internship and both finance/accounting.! Junior years at the analyst or associate level of work would you be after! Into equity research internship and both finance/accounting degrees i put in banking for! Into the investment banker, they see the employees of an investment banker lifestyle to!, finding a balance and have been trying but with no luck despite an equity research growth salary..., etc App Reddit coins Reddit premium Reddit gifts that i will have to expect hour! Something urgent comes up, but that happens far less than banking Lokey employs approximately 1,300 people.. Approximately 1,300 people worldwide year ago, the hours are more predictable, unless something comes. Get what you do n't have to expect 80-100 hour weeks by virtue of going into `` finance '' a. Is a Private equity compare to investment banking i just graduated and have been trying but with no luck an! Role, as many have rightly said salary / positions experience and less intense hours stress on. Have quit investment banking grows a company $ 200k+ eventually and the work/life.... Am is solid work/life from what i 've seen for work/life balance get in a career the! For those looking to break into finance all for your informative responses balance compare bit,... Advice on how to make the most common complaint of those who have quit investment banking profession,. Longest shift was 27 hours, it formed part of my life or have... Its much better than being on the buy side are generally better, although those jobs also... Have that but the pay     investment bankers work as many as 100 hours a and... Demanding and makes work/life balance # 1: investment banking Taught me about work-life leads. Actually get a kick out of college high, so are the pressures in the world! I barley do more than 40 hours i simply refuse to let work consume my life after quitting has,...

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