Your money or your life

London investment bankers earn the most and work the most

[ClickPress, Wed Jul 11 2007] When and if the rain finally stops, there’s little chance the City’s investment banking community will be taking in the sun this summer.

A new poll by eFinancialCareers.com, the UK-based global financial careers website suggests over 40% of City bankers work an average of 55 hours or more each week; 20% work 65 hours plus.

While UK-based investment bankers are some of the best paid globally, there are indications that they also put in the longest hours. In Italy, for example, only 26.7% of bankers regularly slave for more than 55 hours a week, and in Dubai nearly 25% work 35 hours a week or less.

Sarah Butcher, Editor of eFinancialCareers.com said:

“Come bonus time, banking may seem an appealing career, but people tend to forget the enormous time-commitment that goes into earning those payouts. Big money increasingly means big sacrifices - and that’s truer in the UK than anywhere else.”

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The eFinancialCareers.com poll was conducted via the company’s website over a 2 week period from 8th – 22nd June 2007, polling over 3000 people.

Further press information

Sarah Butcher, Editor of eFinancialCareers.com, is available for comment and interview.

Please contact Jade Mamarbachi (gth media) on 020 7153 8035 for further details.

About eFinancialCareers.com:

eFinancialCareers, a Dice subsidiary, is the leading global online network site for jobs and career management in investment banking, asset management and securities. Recruiters and employers can post jobs targeting specific sectors within the financial markets, both buy-side and sell-side, and search the resume database for highly qualified and specialized professionals.

eFinancialCareers provides career sites for the capital markets in the U.S., UK, Ireland, France, Germany, Belgium, Luxembourg, Netherlands, Switzerland, Ireland, Italy, Hong Kong, UAE, Singapore & Australia. The eFinancialCareers network also includes more than 40 partner sites that increase the reach of job listings. These partners include InstitutionalInvestor.com, (U.S.), La Tribune (France), Milano Finanza (Italy), Finanztreff (Germany), Finance Asia (Asia), Financial Standard (Australia)

eFinancialCareers.com is a winner of 2006 Weddle’s User Choice Award and a member of Nicheboards.com and the International Association of Employment Web Sites.com. eFinancialCareers.co.uk also won the 2005 Recruiter Award for best online service.

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