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It is related to the working style of the team head (some bankers can be more easy going, especially UK and some European bankers) , and also of the deal flow of the specific team.If the team is very successful, that will mean very long hours but if you end up in a team that only closes one or two deals per year, you'll have a more relaxed lifestyle.If you ask banker friends, they tend to exagerate their working hours (this is what we call the "superhero factor") to show how tough they are.And if you want to ask HR or recruiters at banking events, well..probably not a good idea to ask if you want to get the job anyway. Here is the unbiased answer from Ask Ivy How many hours do analysts work per week, on average?
Simply put - most of the investment banking tasks just can't be split.
Weekend work is very frequent - this can be a few hours of catchup work on saturday or sunday, or at busy times working the all day on saturday and sunday.
But the most important point here is that working hours are totally unpredictable.
The models given are usually very complex with a very short time allowed for completion.
The most common type of test will happen like this: - You will be seated in a room alone with a laptop, with only Excel on it.