Young Goldman Sachs bankers ask for 80-hour week cap

Re:Young Goldman Sachs bankers ask for 80-hour week cap by JumpCrisscross on Saturday March 20, 2021 @07:45AM (#26522457)

> Big Law works on a similar model

Law and consulting are different because more hours literally means more revenue. Banking is success fee driven. It's thus theoretically possible for hours to be reduced without impacting--or possibly, positively impacting--revenue.

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Re:Young Goldman Sachs bankers ask for 80-hour week cap by ghaff on Saturday March 20, 2021 @07:55AM (#26522535)

Fair enough even if the end result is pretty much the same.

My understanding is that investment banking, which I made a very deliberate decision not to go into, throws associates at a whole lot of deal book production and proofreading that is only read by some other overworked associate.

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Re:Young Goldman Sachs bankers ask for 80-hour week cap by ryandrake on Saturday March 20, 2021 @03:40PM (#26525572)

Yea that's one of the worst things that really convinced me that the investment banking track was not for me: How utterly pointless the work was. You're spending 100 hours a week updating slide decks to use 14 point font instead of 12 point, and making the titles a different shade of blue. And it will all be read by....likely nobody, maybe someone who doesn't care what the font is. I'd rather grind as a software developer on a feature that never ships--at least there's creative output, and you're learning something.

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