How many are too many?
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Jul 21, 2008 11:34 pm
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?
HAHAHA
I guess that is something that would work. Just imagine the success I would have if I could do that....[quote=newrepd]HAHAHA
I guess that is something that would work. Just imagine the success I would have if I could do that....[/quote]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.
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