Working 60 hours a week: 'That’s not even in the game'

Hard at work

Expect to work hard – really, hard. And don’t look for short cuts.

The new York Times reports that Credit Suisse may be encouraging its young bankers to shun the office on weekends if they are not working on a big deal.

And Goldman Sachs might have a 'junior banker task force' to examine how to make the lives of lower-ranking analysts and associates more efficient and humane.

But Randall Dillard, managing director and chief investment officer at Liongate Capital Management, a fund of hedge funds, had a distinctly different message for a roomful of prospective financiers on Monday morning: expect to work hard – really, hard. And don’t look for short cuts.

'I don’t say that because I enjoy telling people to work long hours', he said. 'There’s just not a lot of coasting'.

He cited a recent Financial Times poll that asked young bankers how much they worked. Fifty percent reported that they worked 60 hours a week. 'That’s not even in the game', he said.

Hit the link below to access the complete New York Times article:

Work Weekends and Long Hours, Fund Manager Advises Young Bankers

Heir Apparent at Pimco to Step Down

image: © Kai Chan Vong

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts