The lifestyle of the investment banking internship is crazy.
These days, everyone wants investment banking internships. Investment banking sounds exciting, fun, and important. But if you want an investment banking internship, you need to make sure the lifestyle is right for you. During an investment banking internship and the first few years of investment banking work, you are working hard and often.
If you’re set on an investment banking internship, be familiar with the world you’re going into. The investment bankers you’ll be working for probably work 80 to 120 hours weeks. You won’t be working the old nine to five. They won’t have any problem keeping the investment banking intern late. You won’t work as much as a full-time banker, but it’s safe to say you’ll be dealing with a 50 or 60 hour work week.
If you love the work on Wall Street, these hours won’t be a problem for you. You’ll thrive at your investment banking internship. But not every single person is cut out for investment banking internships. You need to work long hours in a fast-paced environment. You need to like investment banking enough so that it doesn’t seem like work. The moment you wake for your investment banking internship and think, “I wish I didn’t have to go to this investment banking internship,” you’re done. Throw in the towel. Hand in your wings.
Investment banking internships are a great introduction to the world of finance and the world of Wall Street. A lot of people finish their investment banking internships and think, “Investment banking is not for me.” If you can handle the lifestyle of investment banking internships, it’s a great indicator that you can handle the lifestyle of investment banking.