Investment bank intern dies after pulling three all nighters in a row

[Admiral Yi]

We do all those stock type guys wear the red suspenders?

Gordon Gecko.

[Razgovory]

I sorta wish I had "why" instead of "we".

[garbon]

Meh.

[The Larch]

I'm pretty sure that the bank will insist that no one, like, ever was forced to put in long hours, and that this is done purely voluntarily by their employees.

Oooh, "voluntary" overtime, the bread and butter of the banking industry. 

A friend of mine who works for BBVA was told when he joined them that it was expected for people to "voluntarely" stay for a while almost every day, long after office hours ran out. Once when he was particulary busy he was still working at 22h, and a pop up message appeared in his computer telling him "It's already 10PM, maybe you should consider stopping working for the day and going back home".

[derspiess]

When I worked for First USA/Bank One (now Chase) back in the day, all the female managers in my department, save for one, showed up for work no earlier than 9:45am.  Then they'd go to the gym "during their lunch" around 12:30 or 1:00pm.  Once they got back, they'd head back out and spend an hour "running to get a bite to eat".  Then late afternoon they'd buckle down and get a solid hour or two of work in.  But they'd make it a point to loiter until around 7:00pm so they could tell everyone the next day how late they worked.

[jimmy olsen]

How effective can employees be with such little sleep? It's not exactly a job you can do on autopilot. 

[garbon]

When I worked for First USA/Bank One (now Chase) back in the day, all the female managers in my department, save for one, showed up for work no earlier than 9:45am.  Then they'd go to the gym "during their lunch" around 12:30 or 1:00pm.  Once they got back, they'd head back out and spend an hour "running to get a bite to eat".  Then late afternoon they'd buckle down and get a solid hour or two of work in.  But they'd make it a point to loiter until around 7:00pm so they could tell everyone the next day how late they worked.

Well yeah a bit different from investment banking. A bank just opened up on the ground floor of my office building and I only run into all their employees entering (who of course take the elevator to the 2nd floor...) on the rare times that I'm come in at 9:45-10.

[garbon]

How on earth was an intern getting paid so much? They usually get nothing.

This kind of thing is common in Japan where  the code is work hard, not work smart. The longer  You spend in the office the better. I knew bankers over worked but not to this extent

Have you actually heard of investment banking? Your post suggests that you have not.

[Valmy]

Well yeah a bit different from investment banking. A bank just opened up on the ground floor of my office building and I only run into all their employees entering (who of course take the elevator to the 2nd floor...) on the rare times that I'm come in at 9:45-10.

Yeah workign for an investment bank and working at a bank branch should not be confused

[Eddie Teach]

We do all those stock type guys wear the red suspenders?

To hold their pants up.

[Admiral Yi]

Speaking of retail banking, bank teller seems to be the new burger flipper.  Every time I walk by the bank branch in my supermarket I see new faces behind the counter and they all look 14.

[Ed Anger]

14?

[derspiess]

To clarify, my example wasn't a bank branch.  It was in the marketing department of the credit card division.  But still a world away from investment banking.

Some of my old school retail bank clients have the classic banker's hours: open from 9:00am to 3:30pm, and they either close at noon or are closed altogether on Wednesdays.

[CountDeMoney]

When I worked for First USA/Bank One (now Chase) back in the day, all the female managers in my department, save for one, showed up for work no earlier than 9:45am.  Then they'd go to the gym "during their lunch" around 12:30 or 1:00pm.  Once they got back, they'd head back out and spend an hour "running to get a bite to eat".  Then late afternoon they'd buckle down and get a solid hour or two of work in.  But they'd make it a point to loiter until around 7:00pm so they could tell everyone the next day how late they worked.

Well yeah a bit different from investment banking. A bank just opened up on the ground floor of my office building and I only run into all their employees entering (who of course take the elevator to the 2nd floor...) on the rare times that I'm come in at 9:45-10.

That, and there's a substantial difference between managers and interns, who are trying their damnedest to be future managers.

We had interns.  Told them to be at work at 8am;  any questions, I'll be there by 9. 

[mongers]

There is no substitute for sleep. The oil industry has it right. If you didn't has 8 hours sleep (or at 8 hours in bed) you don't get to go to work.

Yeah that makes sense in an industry were you're actually doing something positive and productive for society. 

Investment bankers, who's especially giving a flying fuck about the whole tribe ?