Banks face talent exodus as juniors rebel against extreme hours

Investment Banking

The untimely death of Bank of America associate Leo Lukenas III has sparked fresh pushback against the brutal hours of dealmakers

By Paul Clarke

Juniors are pushing for change, and most want to walk away Photo: Getty Images

Investment banks are facing a fresh retention crisis in their junior ranks as the sector battles fresh scrutiny of brutal working hours.

Most junior dealmakers are regularly clocking working weeks of more than 80 hours. Now more than 70% of the 100+ fledgling bankers polled by Financial News have said they are likely to quit their jobs.

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