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5 current and former junior bankers explain what their daily schedules are really like as burnout mounts: 'Ninety-five hours a week, that's nothing special'

5 current and former junior bankers explain what their daily schedules are really like as burnout mounts: 'Ninety-five hours a week, that's nothing special'

Matt Turner

Hello everyone!

Welcome to this weekly roundup of stories from Insider's Business co-Editor in Chief Matt Turner. Subscribe here to get this newsletter in your inbox every Sunday.>$4

What we're going over today:

Confessions of $4.
Female former employees say they $4, the YouTube giant behind the viral 'Kids React' videos. Plus: The latest on the $4.
It's actually a $4.
Hedge funds are ramping up bets against Chamath Palihapitiya's SPACs and $4.
BONUS: The 194 $4.

Here's what's trending this morning:

Suez latest: Video shows tug boats honking in celebration $4.
Warehouse workers: Amazon is trying to defeat what experts call $4.
Stock market selling spree: Wall Street is speculating it's $4.
"Silver bullet" for weight loss: Marc Andreessen says he has been using the drug for $4.

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From Reed Alexander:

Wall Street is a picture of growing discontent among junior staffers.

In response to $4 throughout junior levels, banks and private-equity firms have begun to elbow one another in a crush to offer young talent $4 and steer them away from defecting. You can get the latest on what firms such as $4, $4, and $4 are doing $4.

Insider interviewed five current and recently departed analysts in investment banking to get the perspective of junior bankers during the early years of their careers. All these bankers spoke on the condition of anonymity to speak freely about their experiences. Their identities are known to Insider.

"I'm working on a deal right now where some of my coworkers in the bank worked last night until 5:30 a.m," one banker said. "Ninety-five hours a week, that's nothing special. For the most part, everyone's working those hours."

Read the full story here:

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From Lindsay Dodgson:

Fine Brothers Entertainment, or FBE, is best known for its "react" videos, in which children, teens, adults, and FBE staff are filmed watching clips, listening to music, eating strange foods, and taking part in games.

FBE's content has become a staple of YouTube, mirroring the trajectory of founders Benny and Rafi Fine themselves, who experienced meteoric success since their early videos. On YouTube, FBE has attracted 30 million subscribers, and in June 2020 it raked in 300 million views a month.

Yet interviews with 26 former employees and cast members paint a different picture. In addition to $4 when they worked there, some of these employees alleged that they experienced or witnessed casual sexism at the company that they said went to the top of management.

Read the full story here:

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From Taylor Borden:

Just because all your friends jump off a bridge doesn't mean you should, too.

This ominous parental warning seems apt for the times: Millions of Americans have taken the plunge into homeownership over the last year, but that may not be the right decision for everyone.

Home prices nationwide are hitting unprecedented peaks, propelled by low mortgage rates. The underlying problem is $4. The infinitesimal number of homes for sale is outweighed by the enormous pandemic-fueled desire for a home of one's own. Stay-at-home orders reminded people how much they crave bigger, better spaces to quarantine.

"Frankly, it may not make sense to buy at this moment," said Scott Trench, the CEO of the real-estate-investing resource $4. "Frantically trying to buy 'something' is a great way to make a bad purchase."

Read the full story here:

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From Vicky Ge Huang:

The billionaire investor Chamath Palihapitiya says he loves SPACs because they level the playing field between ordinary folks and big Wall Street investors. The latter group is now pouncing on his three special-purpose acquisition companies amid a slump in performance.

Read the full story here:

BONUS: Tech giant org charts

Lastly, don't forget to$4 - the A.M. newsletter that makes reading the news actually enjoyable.

Here are some headlines you might have missed last week.

- Matt

5 current and former junior bankers explain what their daily schedules are really like as burnout mounts: 'Ninety-five hours a week, that's nothing special'

Matt Turner

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BONUS: Tech giant org charts

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