投资银行

The ‘80-hour circuit breaker’: Wall Street banks tackle workloads of junior staff

Moves to cap weekly hours for entry-level bankers butt against reality of competitive industry

If you have to ask whether long hours are really necessary in investment banking, then it is probably not the career for you.

The high stress, high reward business of dealmaking and being on call for clients of top Wall Street banks is famously gruelling. It is not uncommon for entry-level bankers to rack up more than 100 hours a week.

But some employers are taking a fresh look at whether they could and should be doing more to support their junior staff, particularly by trying to cap weekly hours.

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