<p>Anyone can claim to work 120 hours, even me, but doesn’t make it true. Nobody can work effectively 17 hours a day, 7 days a week.</p>
<p>@sorghum:</p>
<p>You can argue about how much they actually work, but IBankers do stay in the office that long during some periods.</p>
<p>Staying in the office, sure. Even a lot of hospital resident hours are simply being in the hospital, not actually working.</p>
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<p>The medical intern/resident roommates’ workplaces were less than a 5-8 minute walking distance from our apartment. </p>
<p>Good thing, too considering they work so many hours and have such odd schedules the vast majority of the time we’re all home at the same time, they’re either sleeping or grumbling about being paged when they’re not on call or when the pages were meant for another doctor before going back to bed. </p>
<p>It was common at times for them to be fast asleep or still not having arrived back from their shifts when I wake up in the morning and for them to be gone to their oddly scheduled shift when I arrive back around 6ish pm.</p>
<p>Also, intern/resident doctors don’t have too many chances to hang out for long periods with the amount of patients they need to care for and more senior residents/senior doctors getting on their cases if they seem to be “too idle”. If one’s not caring for patients, they also need to be preparing for periodic board exams or otherwise learning from the more senior residents/senior doctors supervising them. </p>
<p>One former medical resident roommate during the rare time he was awake when we’re both home actually criticized the then recently proposed law which officially mandated a maximum cap on working hours by shift/week as he ranted “There’s so much training and knowledge we’re expected to undergo/absorb after medical school. How will future interns/residents cram all that down in less hours?”</p>
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<p>Sounds like “I paid my dues, so why should the next class have it any easier?” attitude.</p>
<p>Sleep deprivation is probably not the best way to learn and retain new knowledge.</p>
<p>I don’ t know why we spend so much time on the past when we can look at the present. So, since we’re chatting:
VI.G.1: Maximum Hours of Work Per Week
“Duty hours must be limited to 80 hours per week, averaged over a four-week period,
inclusive of all in-house call activities and all moonlighting.”
What is included in the definition of duty hours under the requirement “duty hours must
be limited to 80 hours per week.”?
Duty hours are defined as all clinical and academic activities related to the residency program. This includes inpatient and outpatient clinical care, in-house call, short call, night float and day float, transfer of patient care, and administrative activities related to patient care such as completing medical records, ordering and reviewing lab tests, and signing verbal orders. For call from home, only the hours spent in the hospital after being called in to provide care count toward the 80-hour weekly limit. Hours spent on activities that are required by the accreditation standards, such as membership on a hospital committee, or that are accepted practice in residency programs, such as residents’ participation in interviewing residency candidates, must be included in the count of duty hours. It is not acceptable to expect residents to participate in these activities on their own hours; nor should residents be prohibited from taking part in them. Duty hours do not include reading, studying, and academic preparation time, such as time spent away from the patient care unit preparing for presentations or journal club.
Accreditation Council for Graduate Medical Education (ACGME) </p>
<p>And for OP: <a href=“Investment Banking Hours - What to Expect? | Wall Street Oasis”>http://www.wallstreetoasis.com/forums/banking-lifestyle-what-are-the-hours-like-really</a>
I don’t know the background on this site.</p>
<p>There’s a lot of different information(misinformation) about IB lifestyle. What I have heard of is that there’s a big difference between FO and BO types of IB jobs both in terms of pay and work hours. Contrary to what’s described in the article linked in the above post, I’ve heard that entry level analysts do indeed work terribly hard for a couple of years. Then when you move up the ranks from associate to MD, you’d have more and more control. I don’t know if there are people on CC who have had substantial experience in IB could come up and clarify?</p>
<p>@Benley:</p>
<ol>
<li>Uh, you don’t move up from associate to MD directly (and now that Bear is gone, there aren’t “cheap” MDs to be had any more either). You skipped quite a few levels in-between.</li>
<li>There’s a lot of attrition along the way. </li>
<li>No one is talking about middle-office or back-office (which IBD doesn’t have much of anyway).</li>
<li>There are opportunities for BB analysts, but it’s questionable just how many are willing to put up with the grind.</li>
</ol>
<p>Read Wall Street Oasis, people.</p>
<p>@purpletitan: did I hear impatience? So I am not an investment banker, sorry! Are you? So Wall Street oasis is a reliable source for info on IB jobs?</p>
<p>D1 is in IB and I was in the FO in my younger days. As an analyst she often worked from 7am to midnight. She drew the line on weekends. I was also one of those people who refused to work beyond a certain point and it never hurt my career. D1 was consistently ranked #1 in her class. She was promoted to be an associate after 2 years. She now has analysts and other offshore people helping her out. She travels more and often leaves the office by 8.
D1’s roommate worked at another IB. Her hours were worst than D1’s. For two years she came home only for few hours sleep and often only had Sun mornings off. But this woman could never say no to people either. She hated her job and left after two years.<br>
I do think a lot of analysts like to brag how many hours they work. Are they really that productive? Probably not. Going to the gym from 5-7 then go back to the office to have dinner and put in another few hours is just putting in face time.</p>
<p>@Benley:</p>
<p>I’m familiar with that world. Front office but there’s no way anyone will be able to get me to ever consider IBD. And yes, Wall Street Oasis is reliable. Information isn’t hard to find these days if you look for it.</p>