2025 has not met the expectations of investment bankers hoping for increased deal activity, resulting in continued long hours for junior employees. Eric Stetler of D.A. Davidson explains that while fewer deals might lead to less overall work, junior bankers still clock in long hours as their responsibilities shift towards marketing and supporting senior bankers' efforts. The reduction in investment banking fees indicates a broader trend influenced by unstable trade policies, leaving younger staff adjusting to new roles without a reduction in hours.
Indeed, investment banking fees for the first quarter of the year were down by 18% at Goldman Sachs from the previous quarter, indicating a slowdown in deal activity.
When live deals are flowing, young analysts and associates are known to sometimes clock in 100-hour work weeks, highlighting their essential role in deal execution.
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