Sep 7 2012, 11:10 AM
QUOTE(mercury8400 @ Sep 2 2012, 09:44 PM)
Well, health is one key reason why people refuse to work 100-150 hours a week despite the slightly higher pay.
Research shows that working anything beyond a certain level and it breaks down. Not to mention the obvious illness you are bound to get from long hours and prolonged stress like hypertension, diabetes, weight gain, heart problems, etc. Also the lack of social life i.e. you will have very few (if any) friends who are not clients or other bankers and i suppose no time for gf/wife.
No amount of money can compensate for health and social life.
Besides, with the lacklusture market conditions and extremely fragile external economies these days, not many Investment Banks are paying obscene bonus anymore, if they are even paying it in the first place.
IBanking is no longer as glamourous as it used to be with regulators slowly but surely clamping down on salary scale and bonuses and the extra regulations and compliance thanks to Lehman Brothers, Sub prime crisis, etc
in malaysia, i wouldn't consider it obscene, compared to our singaporean counterpart. currency X2.5 summore lolResearch shows that working anything beyond a certain level and it breaks down. Not to mention the obvious illness you are bound to get from long hours and prolonged stress like hypertension, diabetes, weight gain, heart problems, etc. Also the lack of social life i.e. you will have very few (if any) friends who are not clients or other bankers and i suppose no time for gf/wife.
No amount of money can compensate for health and social life.
Besides, with the lacklusture market conditions and extremely fragile external economies these days, not many Investment Banks are paying obscene bonus anymore, if they are even paying it in the first place.
IBanking is no longer as glamourous as it used to be with regulators slowly but surely clamping down on salary scale and bonuses and the extra regulations and compliance thanks to Lehman Brothers, Sub prime crisis, etc
in malaysia, the capital market here is still okok, quite vibrant compared to the rest of the world. no worries. lol
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