Investment Banking Hazardous to Your Health
Long hours, stress take a toll on just about all in the field: Study
By Dustin Lushing, Newser Staff
Posted Feb 15, 2012 5:42 PM CST
   (Shutterstock.com)

(Newser) – Becoming an investment banker might be great for your wallet but it's terrible for your health, a comprehensive new study makes clear. Think addictions, insomnia, heart trouble, eating disorders, depression, and rage. A University of Southern California researcher trailed two dozen investment bakers through their first decade on the job and discovered that every single one became afflicted with a physical or emotional malady linked to stress, reports the Wall Street Journal.

"There's a reason you don't find an awful lot of old investment bankers," says a former director of a top bank. "It's a tough life." The USC study started two decades ago at two anonymous major investment banks. The subjects were energetic and motivated in their first two years, toiling through 100-hour workweeks. But by the fourth year, many of them had descended into alcohol abuse, chronic sleep deprivation, and even suffered long-term ailments including psoriasis and Crohn's disease.

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Showing 3 of 12 comments
hidflect
Feb 16, 2012 12:46 AM CST
Judging by the amount of methed-up, red-eyed traders I've seen clutching their turrets for 2 1/2 days straight, I'd have to agree.. ("turrets" is the macho name they have for their speaker/mike consoles they use for trading)
trailmix
Feb 15, 2012 9:27 PM CST
I saw on the news that the coast guard captured two different mini subs, in the last year. One had 6 tons of cocaine and the other had 7 tons of cocaine............Sleep deprivation?? Just wondering?........... Who else can afford to buy that stuff.
HMunster
Feb 15, 2012 9:04 PM CST
"By the 4th year, many of them had descended into alcohol abuse, chronic sleep deprivation and Crohn's disease." Getting Crohn's disease is enough to make you want to shit... : (