Do Investment Bankers REALLY Work 100 Hour Weeks?

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[@TheBryanJun]

Hi All - As announced in this video (bit.ly/3eduRGS) I’ve launched a Career Consulting / Life Chatting “Service” where I’m meeting people virtually for 30 minute sessions. I’m continuing to make videos and answering every question I can in the comments as always and live streaming every Wednesday at 10pm EST, but this is a good opportunity if you’re in need of individually catered advice. If you’re interested, please fill out this form forms.gle/LRdnvX7inZWYoBrj7 Looking forward to hearing from you!

[@williambardsley7540]

There aren't that many people who work over 50 actual hours a week. When you're junior you may grind out more hours but 60 hours of actual work a week would be considered a lot unless something big happened in the markets. Even then you'd be pressed to work 100 hours.

[@TheBryanJun]

Agreed

[@abicortez6031]

I agree. From my experience, working for long hours can really give a first year analyst an advantage, but one thing i learned is it also depends on company culture. Asian banks tend to focus more on the number of hours (in particular, OT work hours), than western banks. Oh and yes even outside working hours, clients, counterparties, and bosses can still reach you via email and texts and calls even on weekends and holidays, and it can sometimes feel like i'm on call 24/7, wfh or not. That feeling is the more stressful one for me honestly than the actual work haha.

[@TheBryanJun]

I 100% agree. The work itself honestly isn't bad, actually pretty interesting for something at the entry level, it's just the on call aspect

[@abicortez6031]

@@TheBryanJun right! Btw thanks for choosing this niche and bringing this community in yt

[@minsunkim809]

Oooo new background! Always looking forward to my Saturdays now haha 😌🥰

[@TheBryanJun]

Thanks so much!

[@RandageJr]

50% of those working hours are waiting response from your VP/MD

[@TheBryanJun]

There definitely is a lot of waiting for comments time

[@richardl5401]

Bryan can you start doing videos on prepping for technical questions for IB internship interviews?

[@TheBryanJun]

Will do

[@victorangelomendoza8349]

Looking forward to this!

[@calebmayer1537]

Solid video Brian! I think this is also a great summary of the work hours in the Management Consulting space. I also second the point of getting 4 years of experience in 2 years. There’s definitely cost, b it that accelerated development is a big leg up as we progress through our careers.

[@TheBryanJun]

Thank you! def rings true

[@keithleyjarvis5663]

I can guarantee 20% to 30% of those 100hrs is wasted doing nothing productive

[@TheBryanJun]

LOL I think all industries/life/humans struggle with this

[@SandStormXII]

💀

[@nybre8964]

🤣🤣 facts

[@atharvabiyani5848]

What are ur plans for ur career. Are u planning on quitting IB and going into private equity or some other job with less hours worked per week?

[@jaeyunpark4072]

Good to know all information that you provided ~ it is very useful for me as a person who want to become an investment banker ~

[@TheBryanJun]

Glad it was helpful!

[@tilarmeister]

I really like how honest you are to not overstate your abilities and achievements. At the same time, not trying to downplay yourself too much as well. I find myself similar to you Bry

[@TheBryanJun]

Thanks so much!

[@atharvabiyani5848]

What do u do at the office when u are waiting for your VP or MD. Do u get to have time to watch KZbin or chill at the office while you wait?

[@TheBryanJun]

there's usually always items to push forward while waiting for feedback or quick tea break after sitting for hours

[@nileshmohapatra4013]

Damn just found this channel, it’s pretty great, so informative. A) I was planning on double majoring in finance and healthcare admin (to get into that industry if I want), so what do you think of that? And that leads me to my second question B) how valued is IB, like let’s say I did this for like 8 years, and then I wanna at a “real” company or something, maybe like healthcare; will I be taking a step back to enter that or is IB gonna help me leap directly into like a corporate executive?

[@TheBryanJun]

I think expanding options is always good - jumping from IB is good in any field, I will say at 8 years you're probably on track to becoming an MD and unless you get hired directly into an executive role you'd probably want to stay at the current firm considering the pay / relationship building

[@harveerdhillon8612]

Another great video from our guy Bryan touching up on proper points and questions we all wonder about

[@TheBryanJun]

Thank you!

[@SandStormXII]

So they are not really make 100k+ a year ? Because if your working more than 40 hours that’s like having a second job or doing overtime

[@TheBryanJun]

hours = $$ hahaha

[@amalsoo6596]

Another great video dude keep up the great work! 😊

[@TheBryanJun]

Thank you!

[@pruthvinbatham6137]

Amazing video as usual Bryan! Could you please do a video explaining the importance of Standardized Test Scores (GMAT, ACT, SAT) for Investment Banking?

[@TheBryanJun]

good idea - they matter somewhat

[@wsnelms]

Would you be available to chat/text briefly offline? Son is considering a few LACs and wants to work in IB. He is also a recruited athlete and several schools located in the NE (NESCAC teams) and a significant college near Boston is also interested. However, he had a call with a coach of a notable midwestern school today, and a few others in the area are interested as well. The path of least resistance may be an IB in Chicago! Learning more about your midwestern LAC to firm experience would be extremely beneficial.

[@hussainmaknojia2441]

Very true review i liked the way you explained

[@TheBryanJun]

Thanks!

[@henryhunter1773]

Interesting video. 👍 Everything was summarised well.

[@TheBryanJun]

Thanks!

[@ballplayer8891]

thanks for the videos dude, content is great. wondering if you've seen any analysts come into IB from other sectors of finance (i.e. from large asset managers or the like) while having graduated

[@TheBryanJun]

Thanks! And yes that does happen time to time but most people who come in from somewhere else is through MBA's

[@seb6226]

On Average how many hours would you say you actually work 60- 80 hrs a week? I would say many lucrative careers also work long hours such as accounting, law, doctors, engineering, finance, etc.

[@TheBryanJun]

Probably a fair amount, definitely on call

[@deeci6003]

Love your videos! Quick question would you say it’s possible for a student who goes to USC has a chance to join the investment banking route?

[@TheBryanJun]

Yeah I have a couple friends from usc in banking theyre a target esp in la for sure

[@amitkp6957]

Do you guys get paid overtime for hours in excess of 40+ or it all comes in the form of bonus?

[@TheBryanJun]

Nope we're not hourly, just base + bonus

[@Hosseinshafii]

how many hours on average per week do associates work less than analysts?

[@TheBryanJun]

They work more

[@varshakhatri8255]

omg! i just found your account and I have been obsessed with it and all the information it gives. I've always liked the idea of working as an investment banker and this channel really gives a lot of insight into what it means to work as one. i had two questions, which I thought you could answer: do you think having a mba is beneficial when you're an investment banker? and I've wanted to always go to ucsd for undergrad, so I would theoretically get my banking/finance degree from there, and then move to new york and get my mba at nyu stern. do you think recruitments (from banks like jp morgan and goldman and sachs) happen when you're getting your mba from a target school in a city like new york? thank you!

[@TheBryanJun]

1. MBA is huge especially from the outside to associate standpoint 2. yup recruitment def happens directly at target mbas

[@varshakhatri8255]

@@TheBryanJun Thank you so much! Your videos are the best. I really appreciate the answers :)

[@OhYesJose]

What software/programs do you use to edit your videos and thumbnails? They are pretty clean

[@TheBryanJun]

Ipiccy

[@jobejose5482]

how many hours do you work in a week mate?

[@damekoteone6299]

Do you ever have time for hobbies like gaming perhaps

[@TheBryanJun]

try to make the best of every minute

[@prosper4660]

Do investment bankers still start families and have a family life?

[@TheBryanJun]

Hahah yeah but not sure how happy some families may be with the amount of time the banker spends time with them

[@hsaaasss7455]

​@@TheBryanJun how much time associate work ?

[@jaromejordan7943]

What do you have to know to get into investment banking when it comes to technical skills

[@TheBryanJun]

getting in - mostly "basics" lot of guides out there but DCF, four valuation methods, 3 financial statements, WACC etc.

[@oldschooldamnawesome]

Audit also work long hours but our pay is a joke

[@TheBryanJun]

audit doesn't sound great

[@allprolemontonz8448]

In my experience most auditors don't actually work more than 60 hours a week even though they claim to.

[@atharvabiyani5848]

Hey I wanted to ask if I go to University of Texas at Dallas which is the 33rd best business school in the United States, do you think I could get a job in investment banking?

[@TheBryanJun]

not sure about the school specifically - ask your career services if you're a target school

[@atharvabiyani5848]

@@TheBryanJun it’s a semi target but it says there is still a chance

[@ludwigthouvenin2012]

@@TheBryanJun what about the university of Chicago ?

[@victoriarose6222]

I love your videos. I want to be an investment banker when I graduate but I also imagined having a family 2-3 years in. Do you know any women who have done that? I hope it's actually possible lol

[@TheBryanJun]

I know a couple that took maternity leave after hitting associate, given the diversity levels in banking I wouldn't say it's common but it's definitely a thing

[@Teresa9450]

@@TheBryanJunI was having the same thing in mind that working long hours in not a problem but what about domestic responsibilities? How much do you actually get to sleep and does it not affect your performance eventually or people get accustomed to being forcefully insomniac?😂

[@cristianfx7533]

i’m not sure if you’ve said this but did u go to a target school?

[@TheBryanJun]

Yes

[@samguy7209]

Benefit of working longer hours? You can die faster... He didn't factor the stress and health but it takes someone who is stress resistance and resilient.

[@TheBryanJun]

I think the resistance and resilient is something that's built. Not sure how important it is for other jobs but I think it's a decent life skill to have

[@samguy7209]

@@TheBryanJun I think stress resistance and resilience is something innate and maybe something you inherit or somehow develop. People have different levels of pain and different capacities to handle stress. Those who can endure and persevere through difficult times and obstacles tend to have higher levels of focus and determination. It might be ingrained in the person depending on their culture and upbringing. But then again, it probably boils down to the individual's goals and motivation.

[@sizzurpsizzurp3581]

yo man Bryan question - I go to a top #10 target Liberal Arts school w/ alot of alumni at Goldman Barclays blah blah blah but im a rising SENIOR majoring in economics&politics and two modern languages one of which is super sought out, GPA is 3.4 some but very very little finance exposure (couple of projects w/ a large boutique firm recently) what should I do moving foward????

[@sizzurpsizzurp3581]

also no junior year summer finance internship, wrote a published research paper tho

[@TheBryanJun]

I think the cliche answer would be to keep going but tealistically it's a bit hard given the lack of the summer internship. Maybe aim a little "lower" for a FP&A role and then lateral

[@benjaminbialy6284]

Hey Bryan, i’m a teen from Australia and i’ve heard that any IB experience here doesn’t correspond over to US IB. From your knowledge is this true? and if so how would I go about breaking into the banking industry in the US? Any help would be greatly appreciated, keep up the good work I love your videos.

[@TheBryanJun]

I know nothing about international IB unfortunately but I'm sure breaking in from abroad is harder

[@jamesjin1758]

How many live deals do you get staffed on at the same time?

[@TheBryanJun]

typically 3-4 and then some marketing

[@user-kf5bx7tf7b]

Ibd workers r soldiers lol

[@TheBryanJun]

yes sir

[@samwhaddad]

Waiting for comments is still working

[@TheBryanJun]

True

[@robertovalle655]

I was working 630 am to 900 pm monday to saturday as a quality assurance manager, and not getting paid nearly as much as you LOL I quit, I am now looking to enter the Finance sector as an Investment Banking Analyst.

[@TheBryanJun]

best of luck!

[@robertovalle655]

@@TheBryanJun thank you!!

[@Edu-eo8jd]

How did it go?

[@jseptemberrain]

lol ppt bots

[@modestwill7191]

So you pretty much make $10/hr lmao

[@TheBryanJun]

Eh probs more than that