How many are too many?

5 replies [Last post]
newrepd's picture
Offline
Joined: 2008-07-21

Hello board,
Been reading for a while but never created a name until now. I am new to the "biz" and have a question.
I was wondering how many hours is too many hours to work? I have gone through the board and see most people are saying about 60 for the first few years. But the question I have is Investment Bankers usually work 100-120 hours, how come that amount of hours is not suggested?
Would you suggest that I go Monday-Friday 12 hours them  6 hours on saturday?
 

Hobby Bull's picture
Offline
Joined: 2008-07-09

Try not to exceed 168 hours/week. 

NewGuy1234's picture
Offline
Joined: 2008-04-23

which office are you working out of?

newrepd's picture
Offline
Joined: 2008-07-21

HAHAHA
I guess that is something that would work. Just imagine the success I would have if I could do that....

Hobby Bull's picture
Offline
Joined: 2008-07-09

newrepd wrote:HAHAHA
I guess that is something that would work. Just imagine the success I would have if I could do that....The hours that you originally mentioned would probably get the job done, provided that most of it is spent talking to people about doing business with you.

MajorCityBranchPMDP's picture
Joined: 2008-07-21

The advice that I got from a sucessful advisor (10yrs in $1B+ AUM/):

 
" You ablolutely won't make it working 40 hr weeks  Most Reps who have had any level of success work 65hrs+ /week"     but his advice was also "WORK SMART thats its obviously not just about the # of hours you put in but what you're doing with those hours, and the hours that you're not in the office."   
 
During my 1st 3yrs  I expect to be working smart for 75 hours/week (14hrs days during the week and 5 on saturday)........alot of the time spent in I-Banking is spent modeling company financials and waiting around for other team members to finish thier pieces of a deal./transaction..so that you can do your part.... unless every one of your prospects are asking for propsals on $50mm plus portfolios with extreme complexities( foreign currency derivatives...etc)   I doubt working 100 hour weeks is going to help much

Please or Register to post comments.

Industry Newsletters
Investment Category Sponsor Links

 

Careers Category Sponsor Links

Sponsored Introduction Continue on to (or wait seconds) ×