What are the most stressful jobs in the financial industry?

What are the most stressful jobs in the financial industry? All walks of life are under pressure, especially some jobs in the financial industry. If you work in the Investment Banking Department (IBD) or any other financial services department, you may spend a lot of time dealing with work-related stress. Below I have sorted out the most stressful positions in the financial industry for your reference!

The most stressful position in the financial industry

1, No.1 in financial industry: investment banker (M&A or capital market professional)

When it comes to the most stressful jobs, whether on Wall Street or in the whole financial services industry, the investment banking department is far ahead, ranking in the top three in all surveys. The main reason is that investment bankers have to face two biggest factors that cause professional pressure at the same time: difficulty and huge workload, especially for investment bank analysts and managers, although banks have taken measures to alleviate this pressure.

? The junior employees of investment banks seem to live under the last legal slavery. Roy. Roy Cohen said? They endured the exhausting survival test of the strong all night. They have no time to eat and drink, no time to exercise, and their wages have not increased for several years. ? Cohen is a career consultant and the author of The Wall Street Career? Survival guide).

Bloggers with the same name as Twitter accounts? Hedonistic trader? TED, an anonymous M&A banker of Epicurus, said that although working in the M&A department is always stressful, the nature of the pressure will change with different degrees. ? Junior employees are usually overwhelmed by the workload beyond their control, while senior employees are hit hard by unreasonable demands from customers. ? He said:? But junior employees don't need to consider the income problem, only the managing director needs to consider it. This pressure to be responsible for income is enormous and persistent. Managing directors are paid more and can control their lives better, but they are often more likely to get tired and take on more responsibilities. Junior employees are rarely fired, but the general manager has changed batch after batch like a lantern. ?

What happens if you don't want to be a managing director in order to escape the pressure? If you are not promoted to general manager in the end, you will be fired. Hedonistic trader? Point it out. ? You can't always be a diligent junior employee without taking responsibility. ?

2. Second place in the financial industry: trader.

Traders may not work as long as parents of investment banks, but they are under greater pressure. ? The pressure of traders is real-time and will happen instantly. Sal, Managing Director of Dynamics Associates, a headhunting company in new york? Sarhan said.

When interviewed by us two weeks ago, trading trainer Steven? Goldstein described the concealment of trading work pressure: as a trader, you face too many uncontrollable factors and thorny problems in your work. No matter whether the market is good or not, sit there every day. People will start to question whether they really want this. ?

3. Third place in the financial industry: risk management and compliance review.

If you think that the pressure of risk management and compliance review is relatively small, this may be true, but it is only relative.

Cohen said that because risk management and compliance review employees do not generate income, they are often regarded as natural enemies by colleagues who are desperately trying to reach a deal. Cohen pointed out that the pressure of market risk and credit risk management positions is particularly prominent.

This is not only a stress problem, but also a sense of powerlessness. ? Your job is to make a mountain out of a molehill, but if you make a mountain out of a molehill, it won't change anything. Compliance review is a job without soul. In the end, you still have to lower your head to collect money, which violates your own principles. A compliance professional told us this.

4. Fourth place in the financial industry: wealth management manager or private banker.

In some surveys, stress ranks high, while in others, it ranks low. The pressure of financial managers and financial advisers is generated in a specific way: how much you pay, how much you get. The dismissal rate of financial managers is often very close to the employment rate. A financial manager with five years' experience said that he was the only survivor among 30 people who joined the company in the same period.

This is a sales job, and your target is usually family and friends. The starting salary is very small, and you can barely maintain food and clothing. You must continue to sell products to avoid being fired. But wealth management is essentially a business based on relationships.

? Many people think that private bankers just sit on a lot of money and let them keep pouring in. Is the blog name the same as Twitter account? Bankers' umbrella? (banker? An anonymous M&A banker from Umbrella Company said. ? This view is 100% wrong. You must establish your own asset scale. Only when the asset scale exceeds 65.438 billion euros, you will work relatively easily. ?

What if your assets under management are less than 654.38 billion euros? Bankers' umbrella? To be a private banker, you should not only try your best to protect your assets from other greedy bankers, but also try your best to rob their assets. ? In this case, private banking is a difficult career choice. But he added:? In contrast, working in the so-called competitive investment banking industry is like sitting on a fluffy towel on a warm beach, baking marshmallows and singing hymns. ?

5. Fifth place in the financial industry: institutional sales.

Any sales-oriented job will be stressful. In addition, the job security and salary ceiling of agency sales are not what they used to be, which is likely to be a hard job. Cohen said: with the development of technology, most of the functions of this work have been automated, and the part of manual intervention has been greatly reduced. ?

Ask the bank? Low contact? With the change of business model, the pressure of sales staff may also increase, because the most important customers are being encouraged to use electronic systems for transactions, and manual help is no longer needed. However, when communicating with the most demanding and important customers, the sales staff with outstanding ability is still essential.

6. Sixth place in the financial industry: management consulting.

Is management consulting really a stressful career? If you are at McKinsey &; If you work in a place like Co, or Boston Consulting Group (BCG) and hate traveling (Bain Company is famous for recruiting employees whose homes are close to the headquarters office), what is the answer? what's up . Because management consultants need to travel all the year round.

20 13 Harvard business school professors investigate the working conditions of top strategic consulting companies. They found that these people work 15 hours a day and sleep less than 6 hours. One of the professors said:? If you want to succeed, you must be prepared to put everything around you and concentrate on a lot of work. ?

Like banks, consulting companies have also begun to implement relevant plans to reduce the work pressure of employees. A junior consultant who once worked in the banking industry told us that the consulting work has improved relatively: the working hours have been shortened, and the work content has become more diverse and creative.

7. Seventh place in the financial industry: private equity.

To some extent, private placement is the most desirable job in the financial field, and it is also the most difficult to be hired. Private equity funds are investors and long-term investors, which helps to reduce the pressure of daily work. But whenever new investment is needed, working in a private equity firm may be very similar to working in an investment bank.

8. Eighth place in the financial industry: stock research.

Once upon a time, stock researchers were all financial scholars. They study stocks or sectors in detail, and after careful consideration, they write down operational suggestions for relevant sectors at an appropriate time.

Now they are under more pressure. In Britain and continental Europe, decoupling? Unbinding means that the researcher's future output will be paid by the customer alone and will no longer be included in the cost of executing the transaction. At the same time, the role of researcher has been given more market-oriented roles, and it is necessary to promote the overall platform and products of banks to investors. Brad, a senior American banking analyst? Brad Hintz says researchers are now forced to work harder than ever. He added that although researchers have worked hard, they still can't guarantee a stable source of income (decoupling may help in this regard). ? Research management has now become like beggars, begging everywhere with their in-depth reports. ?

9. Ninth place in the financial industry: fund manager.

In theory, fund management does not need to bear too much pressure. Being a multi-fund manager makes long-term investments and has enough time to consider his own decisions.

But it's not that easy.

10, the tenth job stress in the financial industry: technicians

Like risk management and compliance posts, it is common for technical posts to be scolded. ? They have suffered a lot of blame, even if sometimes the situation is beyond their control. In addition, they must live, study and attend various training courses. Lisa, a recruiter at headhunting firm Dynamics Associates? Lisa Moghina said.

1 1, financial industry work pressure 11th: accounting.

In all surveys, accounting ranks last. Cohen said that for this kind of work, as long as you like regular homework and are willing to work long hours every quarter, your pressure is not great.

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