Investment Banking

80-hour weeks are a must to rise in banking, JPMorgan exec says

Mary Erdoes says bankers can become experts in two to three years, rather than five

JPMorgan's Mary Erdoes, who became its wealth chief in 2009, said juniors should expect long hours to become the best
JPMorgan's Mary Erdoes, who became its wealth chief in 2009, said juniors should expect long hours to become the best Photo: Getty Images

Wall Street’s reputation for burning out junior staff with 80-hour-plus weeks is worth it so that bankers can master the profession sooner than any other sector, the chief executive of JPMorgan’s wealth management business has said.

The process of becoming an expert can be shortened from five years to two or three years by working long hours, six days a week, said Mary Erdoes.

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