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work 15+ hours a day [90hr week] AMA

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Original post by Tabstercat
how much is the pay really? are you going to burn out? how tired are you usually? any tips for surviving on little sleep?


not alot, street pays c.£50k base (+10-15% bonus) and a £5k sign on for juniour m&a analyst.. (that being said, it progresses rather quickly 3-4 years in you're on 6 figures all in).

most people burn out after their analyst stint, i say i wouldn't but then again.. i don't know what the future holds. i'm already interviewing with some buy-side funds to see if i can skip the 2-3 year banking process

you'd be surprised at how much the human body can take.. i usually average 4-5 hours of sleep a night, and am fully functioning for the day.. when you are idle however, it can seriously kill.. but if you're kept busy that sense of adrenaline and urgency to complete work keeps you up..

most people drink a lot of coffee.. but as above i'd recommend just ensuring you keep busy
(edited 7 years ago)
Original post by biglad2k16
Do you think this is worth it?
Do you enjoy the work you do a lot?


to anyone who wants a life, i'd say it isn't worth it.. it's a job for a certain type of person i'd say.. ambitious, competitive, hard worker, wants to get ahead, wants to build good business relationships.. sort of the top 1% wannabe type guys who didn't start their own tech company growing at a 5 year 600% CAGR

Original post by SeanFM
I guess so, long term 'investment' I s'pose. But I dunno man, you don't want to have to start taking medication or something :s-smilie: anyway I hope you quickly get past the analyst monkey stages if you are there (wouldn't be surprised if you were further up the ladder already though)


i doubt it'd get to that stage.. and no i'm an SA, i have a year of uni to go
How long till you become an alcoholic with severe depression?
Reply 23
Avatar for Yammy
Yammy
15
Do you feel that the job is already starting to damage your health?

Ps: Stay healthy bro :smile:
what is your morning routine?
Original post by hellodave5
How long till you become an alcoholic with severe depression?


i don't drink alcohol, and i'm fairly happy with my life

Original post by Yammy
Do you feel that the job is already starting to damage your health?

Ps: Stay healthy bro :smile:


no, well.. most people tend to gain weight as we get a generous daily dinner allowance. my metabolism is quite good, and i play sports each weekend (if and when i have the time, depends on work duties)
Original post by gr8wizard10
i don't drink alcohol, and i'm fairly happy with my life



no, well.. most people tend to gain weight as we get a generous daily dinner allowance. my metabolism is quite good, and i play sports each weekend (if and when i have the time, depends on work duties)


If you're sure...!
You almost literally live at work...
Original post by Blyts-_
what is your morning routine?


7:25am: alarm goes off, get up have a shower get dressed
8:00am: go to work, check work emails on phone, read ft to see latest deal activity etc..
8:30am: arrive at office, send an update to team of anything interesting i've seen and check materials/model formulas from yday
9:30am: [every day is different] depending on deadlines, generally go out/canteen to grab breakfast
9:45am: arrive back at my desk, carry on working and setting up any meetings etc.. for the day

from then on it gets blurry, because no day has been the same yet.
Reply 28
Avatar for RobML
RobML
6
What do IBs contribute to society?

Posted from TSR Mobile
Original post by gr8wizard10
not alot, street pays c.£50k base (+10-15% bonus) and a £5k sign on for juniour m&a analyst.. (that being said, it progresses rather quickly 3-4 years in you're on 6 figures all in).

most people burn out after their analyst stint, i say i wouldn't but then again.. i don't know what the future holds. i'm already interviewing with some buy-side funds to see if i can skip the 2-3 year banking process

you'd be surprised at how much the human body can take.. i usually average 4-5 hours of sleep a night, and am fully functioning for the day.. when you are idle however, it can seriously kill.. but if you're kept busy that sense of adrenaline and urgency to complete work keeps you up..

most people drink a lot of coffee.. but as above i'd recommend just ensuring you keep busy

You're already interviewing with funds? How did you manage that? Would you enter them straight after you graduate?
Original post by gr8wizard10
to anyone who wants a life, i'd say it isn't worth it.. it's a job for a certain type of person i'd say.. ambitious, competitive, hard worker, wants to get ahead, wants to build good business relationships.. sort of the top 1% wannabe type guys who didn't start their own tech company growing at a 5 year 600% CAGR



i doubt it'd get to that stage.. and no i'm an SA, i have a year of uni to go

Thanks for answering!
Original post by RobML
What do IBs contribute to society?

Posted from TSR Mobile


They help companies raise capital. That helps the economy a LOT :smile:
Original post by gr8wizard10
buy-side funds: private equity / credit fund / secondaries fund

i'm on a summer internship, have done 3 in banking, c.2 in m&a.. should be joining full-time next july



2-3 years planning to spend in banking, then i'm off to the buy-side and if i can't do that, then try out to be a journalist. i don't watch football, i watch professional call of duty, if anything.. mlg orlando was this weekend


Thanks for your answer! But how do you have time to watch it after all the hours you work?
Original post by RobML
What do IBs contribute to society?

Posted from TSR Mobile


we provide an intemediary service between the users of capital [corporates/governments etc..] and the deployers of capital [pension funds/asset managers etc..].. on a very simple level our core business model is to help raise capital so organisations can continue to do what they do or expand etc.. and in return those who deploy that capital get a return. we essentially make the market and keep the process efficient whilst being the hub of information for all parties involved,

my team specifically we help advise companies in mergers & acquisitions. so we advise large organisations who want to divest parts of their businesses or sell their whole company, and help companies buy out other businesses via various means. so essentially we help make deals happen and get paid a fee for doing so.

Original post by biglad2k16
You're already interviewing with funds? How did you manage that? Would you enter them straight after you graduate?

Thanks for answering!


headhunters mostly, and given i have a bit of deal exp and technical aptitude, i can pass the more rigorous test proceses which comes in useful to land some interviews.
Original post by Trapz99
Thanks for your answer! But how do you have time to watch it after all the hours you work?


i watch it on the weekend, or on my cab journey home if i'm not falling asleep

you still have time to do other things, not as much as most people.. but if you're efficient with your time you can do a lot in a short amount. you learn to value time as it becomes your biggest asset.
Original post by gr8wizard10
not really, not like the glory days of 06'



the best years of my life will be at 35 when i can buy a boat.. my 20's are pretty useless tbh, so may aswell use them as an investment



no, i'm a uni student.. but that's kinda the goal


Yeah same with me ahaha
How extroverted are you as a banker? Do you go out with your banker friends often?
Original post by kangsterf
Yeah same with me ahaha
How extroverted are you as a banker? Do you go out with your banker friends often?


i'm naturally an extrovert, i've always been outspoken, a presenter.. i did a journalism stint at hosues of parliament interviewing MPs and what not, so i'd like to think i'm pretty confident and bold. but i guess most people working where i am have similar views of themselves.

i go out occasionally for drinks [even though i don't drink] just to socialise, but i'm not really interested in the night life/clubbing etc.. as i don't feel comfortable in those environments. unless it's ever for a client or could help foster a business relationship, i'm not really one for that lifestyle.
Original post by gr8wizard10
i'm naturally an extrovert, i've always been outspoken, a presenter.. i did a journalism stint at hosues of parliament interviewing MPs and what not, so i'd like to think i'm pretty confident and bold. but i guess most people working where i am have similar views of themselves.

i go out occasionally for drinks [even though i don't drink] just to socialise, but i'm not really interested in the night life/clubbing etc.. as i don't feel comfortable in those environments. unless it's ever for a client or could help foster a business relationship, i'm not really one for that lifestyle.


Do you think introverts can do well in finance (IB-> Hedge fund)?
Like I can talk confidently and present stuff and make friends but I'm not naturally someone who talks a lot and has a lot of banter.
Reply 37
Avatar for umar39
umar39
10
Do you sometimes feel the urge to want to live the life of a potato?
Original post by gr8wizard10
i'm naturally an extrovert, i've always been outspoken, a presenter.. i did a journalism stint at hosues of parliament interviewing MPs and what not, so i'd like to think i'm pretty confident and bold. but i guess most people working where i am have similar views of themselves.

i go out occasionally for drinks [even though i don't drink] just to socialise, but i'm not really interested in the night life/clubbing etc.. as i don't feel comfortable in those environments. unless it's ever for a client or could help foster a business relationship, i'm not really one for that lifestyle.


how common is cocaine use? my mate says it's pretty much on tap
Original post by kangsterf
Do you think introverts can do well in finance (IB-> Hedge fund)?
Like I can talk confidently and present stuff and make friends but I'm not naturally someone who talks a lot and has a lot of banter.


i don't think anyone cares whether you're introverted or extroverted.. the question becomes.. "would i like to sit with this guy for x hours a day", given your whole life basiaclly revolves in and around the office.. your team essentially becomes your family.. so they have to like you.

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