Banking is famous for a few things - pay, prestige and hard work. Jobs in the industry can expert a heavy toll. The 1,000 responses to our recent lifestyle survey indicate how heavy that can be.
Bankers, generally speaking, are not sleeping well. Across all respondents to our survey, people working in finance got an average of 6.72 hours of sleep a night. That’s not enough - Dr. Eric J. Olson, writing for Mayo Clinic, said that adults getting less than seven hours of sleep a night is “linked with poor health, including weight gain, having a body mass index of 30 or higher, diabetes, high blood pressure, heart disease, stroke, and depression.”
This applies globally. Canadian and European bankers slept slightly more than, for example, Singaporean bankers. However, none of the major jurisdictions we analyzed saw bankers sleeping more than seven hours on average. Breaking down by bank yielded similar results – except at JPMorgan. JPMorgan’s bankers told us they slept a whopping 7.2 hours a night, on average, more than those at any of their major rivals.
Get Morning Coffee☕in your inbox. Sign up here.
Unsurprisingly, all the financial services professionals who responded to our survey wished they slept more. Whilst most wanted to sleep around eight hours, it was Deutsche Bank’s people (who slept the least, on average, from banks we polled) who said they’d be happy with the least sleep. They were the only respondents, aside from JPMorgan’s (the best-rested) who wanted, or were content with, less than eight hours a night.
UBS’ bankers, however, were by far the most demanding with their sleep desires, wanting to sleep an average of nearly nine hours. This made them particularly dissatisfied with the six and half hours’ sleep they typically enjoyed on an average night.
Have a confidential story, tip, or comment you’d like to share?Contact: +447537 182250 (SMS, Whatsapp or voicemail).Telegram: @SarahButcher.Click here to fill in our anonymous form, or email editortips@efinancialcareers.com. Signal also available.
Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)
FAQs
They were the only respondents, aside from JPMorgan's (the best-rested) who wanted, or were content with, less than eight hours a night. UBS' bankers, however, were by far the most demanding with their sleep desires, wanting to sleep an average of nearly nine hours.
How much sleep do bankers get? ›
While working in Investment Banking, the average bedtime on weekdays for me was 1:29 AM, with an average sleep duration of 5 hours and 56 minutes. On weekends, the average bedtime was 12:02 AM, with an average sleep duration of 8 hours and 29 minutes. However, behind these figures are large fluctuations day by day.
What was the dark history of J.P. Morgan? ›
JPMorgan estimated that between 1831 and 1865, the two banks accepted approximately 13,000 slaves as collateral and ended up owning about 1,250 slaves. An apology was made in compliance with a rule requiring companies to detail past dealings with the slave trade when doing business with the city of Chicago.
How much was J.P. Morgan worth when he died? ›
What Was J.P. Morgan's Net Worth? Upon his death in Rome on March 31, 1913, J.P. Morgan's net worth has been estimated to have been about $80 million.
How did J.P. Morgan help the panic of 1907? ›
Morgan purchased $30 million in city bonds, discreetly averting bankruptcy for the city. Moore & Schley, a major brokerage, nears collapse because its loans were backed by the Tennessee Coal, Iron & Railroad Company (TC&I), a stock whose value is uncertain. A proposal is made for U.S. Steel to purchase TC&I.
How much sleep do military officers get? ›
Most officers (93%) told us they received 7 or less hours of sleep per night over the last 6 months. And 50% said they slept poorly.
How many hours do bankers actually work? ›
How Many Hours do Investment Bankers Work? Investment bankers work notoriously long hours, with the typical work week filling in 60-80 hours per week, and the occasional high-intensity work week that can push a banker to 100+ hours.
What did J.P. Morgan suffer from? ›
He suffered from the chronic skin disease rosacea that gave him a hideously bulbous purple nose and a disinclination to be photographed. A man with an almost superhuman constitution, Morgan smoked dozens of Havanas earning his favourite cigars the nickname 'Hercules's Clubs'.
What is J.P. Morgan most famous for? ›
J.P. Morgan was known for reorganizing businesses to make them more profitable and stable and gaining control of them. He reorganized several major railroads and became a powerful railroad magnate. He also financed industrial consolidations that formed General Electric, U.S. Steel, and International Harvester.
What was J.P. Morgan accused of doing? ›
JPMorgan allegedly notified the government of $1 billion in suspicious transactions by Epstein. “Epstein's entire business with JPMorgan and JPMorgan's entire business with Jeffrey Epstein was human trafficking,” a lawyer for the U.S. Virgin Islands said.
The Morgan family fortune was diminished during the Great Depression, and philanthropy further reduced its breadth. As a result, the family's wealth has thinned out among the approximately 200 descendants, Mr. Pennoyer says.
What was JP Morgan's religion? ›
Wall Street banker J. P. Morgan was a devoted Episcopalian. He was an officer of his local church. He served on a national committee charged with revising the Book of Common Prayer (much of which he knew by heart).
Who was richer than JP Morgan? ›
Even wealthier than JP Morgan was John D. Rockefeller, America's first billionaire and founder of the Standard Oil Company.
How did J.P. Morgan help Epstein? ›
The complaint says the territory's Department of Justice investigation "revealed that JP Morgan knowingly, negligently, and unlawfully provided and pulled the levers through which recruiters and victims were paid and was indispensable to the operation and concealment of the Epstein trafficking enterprise."
What triggered the Panic of 1907? ›
The Bank Panic of 1907 was a short-lived banking and financial crisis in the U.S. that occurred at the beginning of the twentieth century. It resulted from the collapse of highly-leveraged speculative investments propagated by easy money policies pursued by the U.S. Treasury in the preceding years.
Was there a depression in 1910? ›
The Panic of 1910–1911 was a minor economic depression that followed the enforcement of the Sherman Antitrust Act, which regulates the competition among enterprises, trying to avoid monopolies and, generally speaking, a failure of the market itself.
How stressful is being a banker? ›
Banking is a demanding and competitive industry that can take a toll on your mental and physical health. Long hours, high expectations, tight deadlines, and constant changes can make you feel overwhelmed, stressed, and burned out.
What is the Goldman Sachs 15 minute rule? ›
And he said, Goldman Sachs. There was a rule of 15 minutes, meaning you had to respond to whatever for me, reach out to you in within 15 minutes, 24 hours a day, seven days a week.
Do bankers have good work life balance? ›
When a deal is in its critical phases, the workload intensifies significantly, requiring bankers to put in extra hours to meet tight deadlines. These peak periods can last for weeks or even months, during which work-life balance is often the first casualty.
Is banking sleep a thing? ›
Sometimes sleep deprivation can be hard to avoid, but a strategy called "sleep banking" may help you counterbalance it. Whether you're planning a trip abroad or about to welcome a newborn, sometimes we know when we're going to lose out on sleep. Experts say sleep banking can help you make up for some of those lost Z's.
