Why Young Bankers Are So Miserable

Given the rollicking depictions of finance life we see in movies like The Wolf of Wall Street, and the fact that these jobs are extremely well-paidfirst-year investment bankers make anywhere from $90,000 to $140,000, including year-end bonusesyou might think that my eight banker informants were living the good life. But in three years, hardly an interview went by without a young banker confessing his or her struggles with depression and health problems, expressing a desire to quit, or simply complaining about how working in finance was ruining the pleasures of normal life.

Why are young bankers so uniformly miserable?

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