Updated 10 months ago
By Cate Chapman, Editor at LinkedIn NewsUpdated 10 months ago
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Investment Banking Hours: What to Expect and Why You Work So MuchHow Many Hours do Investment Bankers Really Work?How can Investment Bankers manage their stress levels?Lawyers have become quasibankers amid a rise in private equity deals, out-earning their banking peers on Wall Street by multiples, according to an analysis by The Wall Street Journal. Compensation at investment banks hasn’t changed much since the 2008 financial crisis, with managing directors still earning an average $1.9 million a year, amid mounting regulatory pressure. Equity partners at top law firms, meanwhile, can make from $3 million to more than $15 million annually. Another factor in the reversal of fortune: Law firms increasingly prioritize productivity over seniority in determining pay.
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