Do Bankers Feel Stressed?

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Most believe that Bankers have the ideal job; not many working hours, meaning family time.

However, that's not the case at all.

10 years after the global financial crisis, stress in the banking industry has pushed up demand for insurance to protect profit against the cost of paying staff too sick to work, insurance data shows.

Two out of Five banking executives describe their jobs as "extremely stressful".

According to research by MetLife, about 67% of senior-level decision makers at financial organizations say they would consider quitting their jobs within the next year if stress levels do not improve.

Despite the high levels of stress — and the depression that comes along with it — most banking executives feel like they had better keep quiet and not complain.

When you are a fresh graduate, you will spend a lot of time learning the ropes, so you will stay late.

Also, you won't have anybody below you to share the workload. Most importantly, fresh recruits are not familiar with the politics in the office (i.e. who are the "bad guys" who will make you work a lot, and how to "manage" your capacity), so you it is likely that you will learn the hard way. Unfortunately, it does get better but not that much - you will still work long hours throughout your analysts years. When you become an associate, the workload is slightly less, but you have a higher responsability so what you loose in working hours you gain in stress!!

I feel Bankers are feeling pressured, especially because of the Financial Crisis, as they have to be prepared to take risks. They also have to be prepared for the consequence if that risk turns out to be unfortunate. Bankers have to be ready for when a client can't pay back the loans, and what to do as a consequence.

Comments (2)

  • Boutcher-logo-250x250.jpg impartial_panda_bear | Boutcher C of E Primary School
    22 Dec 2018

    I agree, content_lemon, it is very likely for bankers to get stressed, worried or unhappy. This may be similar to academic pressure that many young children or young people are experiencing at the moment. I was thinking of ways you could deal with this sort of pressure and they include,
    • Meditation or time to think by yourself.
    • At least a day and a half were you do not work or do anything that might take you back to another world.
    • Spend much time with family.
    • Constantly think positively and see the brighter side of things, even slightly optimistic. This website was useful but it was more about depression than stress. However, it have me lots of facts and was very interesting.
    https://www.express.co.uk/life-style/health/499664/How-to-stop-depression
    Great post content_lemon!

    Reply to this comment
  • Boutcher-logo-250x250.jpg powerful_shark | Boutcher C of E Primary School
    09 May 2019

    I agree with you. Bankers do get stressed a lot!

    Reply to this comment

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