Ok im in I.T. I'm not in finance but I work at a bank so I joined this bowl to understand what you finance folks go through to deliver better technology.

One thing I do not understa.d however is investment bankers. Why are you guys working 80 to 100 hours a week? I cant think of any task that can take that long?

Online I'm seeing its not the work that takes that long but really a toxic culture of higher ups miss managing, waiting on bottle neck issues, and hazing of junior investment bankers.

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Continued.....is this true? If so what are some proposed solutions any of you thought of. Or is this cultural and do you beleive tech cant help solve this issue?

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Huh? Only people who are working 80-100 hours is front office IB who are most likely not even in this bowl. Are you trolling? 😂

Long hours in IB are not tech related so work crazy hours to get a deal done y work through the roadblocks. No deal is similar to other so cannot automate it either.

There's a ton of stuff that goes on for a deal... imagine running a competitive process and reaching out to 200+ potential buyers. You will typically have intro calls with parties interested and there will be follow up initial diligence request lists from multiple parties... you are trying to answer as many questions as possible with off-the-shelf materials that you've made beforehand but you will most likely need to do additional analysis which takes time. Just one example but given you are on multiple deals multiply that by 2-4x (workload varies by stage but you get the idea)

I agree with you - it’s crazy how it can take 80-100 hours a week, but the thing is, it’s just so much work & all tasks always take a longer time than you think. Everything is in one way or another sent to the clients, thus, it must be perfect, meaning that every single request from the client will go through many layers of roles and get continuously improved - this takes time. Another thing that I have reflected upon is how everything is to be finished the same day. I used to work as a controller, and in that role when I got a task, it was generally to be finished within a week - here it’s during the day, always.

Wow that's alot of work.

I couldn't imagine working that many hours. But im sure there is a big pay off in the end

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