How many are too many?

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Jul 21, 2008 7:34 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?
 
Jul 21, 2008 7:53 pm

Try not to exceed 168 hours/week. 

Jul 21, 2008 7:59 pm

which office are you working out of?

Jul 21, 2008 8:00 pm

HAHAHA

I guess that is something that would work. Just imagine the success I would have if I could do that....
Jul 21, 2008 8:24 pm
newrepd:

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.

Jul 21, 2008 8:28 pm

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