How many hours do people in finance usually work daily?
As a student who's aspiring to be in the finance world, I want to know how people's life is shaped daily in their financing career. #business #finance #career #lifestyle
Finance is pretty broad, you could be in lending, investments, portfolio management, et.c
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However, i have worked for 8-10hrs a day (finance and accounting field) and 40-50hrs a week. Which is same throughout the segment and which is also achievable.
The hours you work daily can depend on what sector in finance you chose to work in. For example, I am a Collections Analyst so most days I work a typical 8 hours. What I love about working in finance is the flexibility of my hours and the work life balance. In my role if there are days where I need to work a less than 8 hours maybe because I have a doctor appointment or some other outside of work obligation, I can take the time I need to get those things done. But some days, for example, during month end close, I may work more than 8 hours as I may have more tasks than usual to complete by our company's deadline. Its important to me to chose to work for companies that allow me to feel comfortable asking for time off so I avoid burn out and give allow me to be independent enough to "burn the midnight oil" if I see fit. My last few roles have also been remote/work from home and this also allows for greater schedule flexibility.
My first job was in Asia where I worked close to 100 hours per week.
My hours fluctuate now as my role and experience changed.
The line gets blurred in more recent time as we gain ability to log in from home (so you can leave the office and continue work at home if needed)
Some examples from my career -
- first job. investment banking in New York. 80-100 hrs/week
- private equity in San Francisco. ~80hrs typical. More when active on a deal process
- Finance in a tech company (several different companies). 40-50hrs
Others work in "FP&A" (Financial Planning and Analysis) and they work a normal 9-5 - the job is looking at departmental budgets and working with every org in the company to see what they can spend (and what they can't). They also look forward to see how to spend the company's money in the coming quarters and years.
Or you can be an analyst at a financial institution, be very highly paid, and work 80-100 hours a week!