Grad scheme in finance making us work past 9pm is this normal?
Posted by Ok_Cantaloupe6531@reddit | AskUK | View on Reddit | 152 comments
I started a grad scheme in finance at a bank and the working hours are officially 8 till 6:30 and normally I'm there till 7 finishing stuff off before leaving.
But the managers always say "where do you think you're going" whenever I'm leaving around 7pm and expect me to stay past 9pm even if there's no more work for me to do that day.
We're in the office 5 days a week and my commute is pretty long so leaving after 9pm means I get home at 10:30pm and then have to sleep immediately and wake up by 6am.
Is this common in finance?
WGSMA@reddit
Your life belongs to them, and in return, you get good pay despite being fresh from uni.
starsandbribes@reddit
Good pay but no time to spend it
WGSMA@reddit
That’s the point. You invest it, and then get to leave the game at 40.
skronk61@reddit
Then deal with ptsd the rest of your life 😆
gxdjktdxdngedfc@reddit
Ptsd… from working long hours? Lol
skronk61@reddit
From working all your waking ones and never resting yeah. Burn out is real.
gxdjktdxdngedfc@reddit
Lol I don’t think you understand what ptsd is
skronk61@reddit
I don’t have it if that’s what you mean so no I don’t understand what it’s really like to experience. Thankfully.
gxdjktdxdngedfc@reddit
That’s not what I said at all - you don’t understand what ptsd is if you think you can get it from working long hours at an office job.
ALA02@reddit
Ptsd can stem from literally any traumatic event, and endemic sleep deprivation is one of the most traumatic things you can put your body through
gxdjktdxdngedfc@reddit
https://www.nhs.uk/mental-health/conditions/post-traumatic-stress-disorder-ptsd/causes/
Hmmm
WGSMA@reddit
I didn’t go that route, but it’s really not as bad as you make out if you’re mentally built for it lol
I have friends who didn’t. All are fine. You basically trade hours working in your 60’s and 50’s for longer days in your 20’s
beernon@reddit
Is it that good if you’re working 90 hours a week? I’d probably have the equivalent salary if my hours were ramped up on my standard graduate scheme
TonyBlairsDildo@reddit
Some people are bred for it. They get a kick out of it like a juice head in the gym gets a kick of working out twice a day and living on chicken, tuna and rice cakes.
172116@reddit
Nope. At one point I was earning half my best friend's salary, but I was earning more per hour post-tax than her - I was doing 37 hours a week to her 70+. Her definition of 'setting boundaries' was insisting on closing her laptop at 10pm. It remains a miracle that she managed to meet someone and marry him...
WGSMA@reddit
You have an aggressive career path
Know people gone down that route on 200k for a normal hours job at 30, because of the experience gained at their ‘slave Labour’ high-finance entry level job
AffectDangerous8922@reddit
Normal in banking? Yes. Moral? No. It is only "normal" because everyone does it.
Benners21@reddit
I genuinely don’t mean to come across as rude but….I’m not sure how you got a job in finance without being aware of this. I’ve read/heard about this numerous times in the media, films, documentaries. Once read an interview with someone that described ‘The Magic Roundabout’. Which was work all day and though the night, get a taxi from the office back home, ask them to wait outside on the meter while you shower and change clothes before jumping back in the taxi back to the office.
ThatChap@reddit
This kills people and has been banned.
Ok_Back486@reddit
Yeah I thought a minimum of 9 hours between shifts was law
ALA02@reddit
That is definitely not followed in most finance firms, you just do unofficial “voluntary overtime”
TonyBlairsDildo@reddit
Yeah companies have to schedule on a spreadsheet and payroll system somewhere that you get 11 hours between shifts.
Back in reality, you are simply expected to work all the hours God gives you, and are put on a PIP for underperformance if you don't.
explax@reddit
plenty of professional and engineering services will break this when a deadline is up.
ADH02@reddit
It’s even worse because it’s 11 hours
Scot_Survivor@reddit
11 now
riverend180@reddit
I mean I've worked in finance for 11 years in multiple roles and jobs and have worked past 7pm less than 10 times.
player_zero_@reddit
Hell, I've worked it ten years and sometimes leave a few mins early
FollowingGlass4190@reddit
Idk, this is a very romanticised stereotype in media but you can absolutely work in finance without these hours. Lumping “finance” into one bucket is pretty disingenuous.
Joga212@reddit
Sounds grim - no wonder cocaine is rife in the finance sector.
Just_Some_Cool_Guy@reddit
If I was working ridiculous hours all week the last thing I’d want is a come down and fucking up the precious few hours of sleep I can get
DingoFlaky7602@reddit
You don't get a come down if you're always on the gear
JobAnxious2005@reddit
You just need to control your spending.
Retire at 37 is the game usually
MaltDizney@reddit
You have to consider that they're a recent grad, and haven't had as much exposure to the working world. I didn't even know what a good or bad salary was when I was first applying for jobs.
Syzygyy182@reddit
Depends what area of finance, investment banking yep. Retail banking id doubt it.
Those hours are ok if you are making good money but you couldn’t pay me to work them
adreddit298@reddit
So then, not ok, even if you're making good money?
Syzygyy182@reddit
To me, yes, those hours are not ok - but I value time away from work more than money. I doubt a grad is even making minimum wage on those hours
send_in_the_clouds@reddit
I wouldn’t either. Already took a pay cut recently for a nicer less stressful job. Time is much more valuable than more money personally
adreddit298@reddit
I agree, I too recently took a lesser paid job, which means I work my daily hours and that's it, and am at home. Definitely more important things than money
send_in_the_clouds@reddit
It’s lovely isn’t it! I have had to cut back on material things but that’s not what really made me happy anyway.
adreddit298@reddit
No indeed. I have time every evening to pursue my hobbies and be with my family, which is the only reason to work in the first place!
Finedimedizzle@reddit
You do the time as a grad to earn the prestige on your CV for the rest of your life. I started on a grad scheme doing 70 hour weeks some weeks, now I’ve halved my hours, work a four day week and more than tripled my salary in 8 years. Put the grind in whilst your young and you’ll be sound in a few years.
Suitable-Tough5877@reddit
"no time to answer questions" ho ho, op is a week old troll that has made 200 posts (mostly deleted) including numerous in the last few hours. He clearly is trying to create a fictional fantasy life, and trying to find out realistic info. God knows why.
(Ps, you can still Google search Reddit users even if they've hidden their history)
BulkyAccident@reddit
I'm presuming you've got some solid qualifications to get onto a scheme so if you don't like this sort of thing I'd honestly get out of finance ASAP and look to slot into a different industry while you're still young.
Aggravating_Bend_622@reddit
The issue is having to deal with the significant pay cut assuming he is in a front office role at an investment bank.
As someone who was in asinkakr role years ago where we used to work until 12 midnight, my advice is stick it out for 2-3 years then use that to transition to an internal M&A Corp Dev team. This is assuming he is in a M&A type role, sales and trading don't work such hours.
But as others have said I question this post anyway because how do you get into such an industry without know how long the hours are and he just says finance which can mean anything.
Ok_Cantaloupe6531@reddit (OP)
I never said I was in IB? That was your assumption. In my industry most people finish by 8. (asset management)
Any-Tangerine-8659@reddit
Is this a role that has progression to becoming a named PM in AM?
Ok_Cantaloupe6531@reddit (OP)
Yes
mfizzled@reddit
AWM at a big bank in London is going to keep you late sometimes, or even often depending on the team.
The grads I met at work drinks would be working the same hours as others in the team, there wasn't any special allowances made because they were on a scheme.
It's basically just preparing you for what working in finance is like.
Aggravating_Bend_622@reddit
Which is why it would have helped to add more details in your initial post..... And why I had to keep saying "assuming"
That's excessive for asset management, given you're in a grad program or may be difficult to move but rey and also set expectations to bear it for the 2-3 years then flee. Also is there an option to change teams/rotate?
doegrey@reddit
Last weekend was Easter.
I worked all weekend. It’s the industry.
Mike5667@reddit
Not sure if this is a joke or not but yes it’s what finance is known for
Venus_Gospel@reddit
I’ve worked in finance for 4 years now and our company expectation is laptop lids are shut at 5pm sharp.
If you’re on a call and overrun past 5, they make the time up so if you get off a call at 5:30 one day, you’ll be scheduled to finish at 4:30 the next day.
A situation like OP describes sounds very American workplace
MillySO@reddit
Retail banking?
akl78@reddit
I suspect European.
Venus_Gospel@reddit
Surprisingly, my company is American owned
Mindless_Ad_6045@reddit
American owned but it sounds like you yourself are not American nor do you work there so employment laws of your country still apply
Jebble@reddit
We're in /r/AskUK so those laws always apply.
JamOverCream@reddit
I’ve worked for American banks and insurance firms.
5pm finish was commonplace regardless of nationality or location.
worldturning29@reddit
I’m in European private banking and asset management and this is exactly my experience of it. 9-5, with an emphasis on health and spending time with your family.
MillySO@reddit
Even European seems unlikely. I had a boyfriend who worked for a French asset management company in Paris and he worked long hours (despite the reputation of French workers).
Appropriate_Trader@reddit
We got bought out by a French company last year and their pace of life is fucking glacial. Meetings are scheduled weeks in advance. There’s no such thing as a quick win. They drag that shit out for at least a month.
vishbar@reddit
I’m guessing you’re not in IB?
Any-Tangerine-8659@reddit
Your finance is probably not front office finance...
JobAnxious2005@reddit
Retail or back office?
OkStyle800@reddit
‘Finance’
WGSMA@reddit
There’s Finance and “High Finance”
nosuninphilidelphia@reddit
Agree 100%. I’m in investment management and don’t get me wrong people stay late when needed but not regularly and not until 9pm.
CodeBeginning6548@reddit
Yep. I was on a grad finance scheme and it was brutal. Long hours and hyper competitive. I knew this all before applying though and was young and single so I just got through it.
This was actually after being on a retial grad scheme, where I used to often open the supermarket at 6am and close it at 10pm, so I felt like the finance scheme felt like I was part time.
So yeah, that's totally normal, OP. After finishing the scheme I now do an 8-4 job and never work a second over my time. If I could go back, I wouldn't work any extra hours at all. It's not worth it and as long as i can pay the bills, I would rather have a low pay, low stress job over anything.
Possiblyreef@reddit
OP, coffee and cocaine, followed by a drinking problem is industry standard.
You'll be cooked by the time you're 30-35 and hopefully made enough to be a venture capitalist or retire
YetAnotherInterneter@reddit
From the sounds of the other comments, yes it sounds normal.
Is it moral? Heck no! But common practice? Unfortunately yes.
If it makes you feel any better, I wasn’t aware of this either until I read the other comments. I was all ready to give you advice around “no you shouldn’t be working a minute past your official working hours”, but from the sounds of it - that culture doesn’t exist in finance.
I suppose you have to ask yourself if this is the sort of lifestyle you want to live? Because there are lots of other industries out there that are not like this.
It’s ok if you decide this isn’t for you. Better find that out now while you still can switch careers, than 10-20 years time when you are married to the job.
Good luck!
Smooth_News_7027@reddit
The upside is that in 10-20 years time he can probably retire or at least get a significantly easier job doing not much from a very nice house in the country.
asmiggs@reddit
OP should have watched the television series Industry before joining up, the sex looks good but other than that I'm good thanks.
AffectionateJump7896@reddit
Yes very common both at US firms, in front office roles, and at more junior levels when people feel the need to prove themselves.
Those firms and roles do pay more, but you'll have to decide for yourself what your priorities are.
TonyBlairsDildo@reddit
Check out the TV series "Industry". A kid on the graduate scheme for a fictional City company dies from a proverbial coffee overdose from working too hard in the first series.
Finance is second only to maybe cheffing for needlessly macho overworking culture.
The competition is fierce enough that they maintain utterly stupid working practices and a form of hazing.
Any-Tangerine-8659@reddit
Working practices? Yes. Hazing? That is mostly sensationalised. I worked at a major IB on the trading floor and things are way tamer than they were a decade ago.
frusoh@reddit
No, this is not the "norm" in finance.
Commentors here have absolutely no idea what they're talking about.
The ONLY place it MIGHT be normal is in Investment Banking.
Nowhere else in "Finance" (which is an extraordinarily large sector) is this normal.
If you are working in investing, accounting, actuarial work etc. then it is absolutely not normal. Move after you complete your grad scheme.
Any-Tangerine-8659@reddit
In IBD it is absolutely normal to stay late...it's not might be normal, it IS normal. And in sales, trading and structuring, 10-12h days are normal.
According_Fish1039@reddit
It honestly depends on your team and what you are doing . I’m just about finish my finance / banking grad scheme and only had to work past 7 pm once .
Ok_Cantaloupe6531@reddit (OP)
What's your salary
According_Fish1039@reddit
Around 45 ish I hope your getting more
shadowmoses__@reddit
It’s ‘normal’ in terms of it does happen, but it’s normal necessarily in terms of expectations. I’ve worked for a number of the large high street banks. Some areas have this culture, some don’t.
My advice would be to avoid an area like this - if you’re having to work way past your hours to get work done, there’s clearly an operational issue in that area.
Geoffy_@reddit
Unfortunately yes, very common in finance — especially the big banks and IB-adjacent roles. The 8-6:30 contract is essentially a formality; everyone knows the real expectation is different.
I worked in and around the City for a while and the "where do you think you're going" culture is almost a rite of passage on grad schemes. It's partly genuine workload, partly performative — managers who did the same thing don't really question it.
Few things worth knowing: 1) it does tend to ease off once you're more established and not trying to prove yourself, 2) it varies massively by team even within the same bank, so it's worth quietly asking around to see if other desks are different, 3) if there genuinely isn't work to do and you're just sitting there, that's a bit different from being legitimately needed — worth noticing which it is.
Long-term, commute + those hours is genuinely unsustainable. Most people I know who stayed in finance either moved firms, moved teams, or just quietly left by their late 20s. Worth having an honest think about whether the comp/career trajectory is worth it for you specifically.
Ambassador31@reddit
Is it the norm, no. Is it incredibly common for certain roles, absolutely.
crazygrog89@reddit
Not in finance but in my consulting grad scheme I worked until the evening almost every day. Until I decided I won’t do it anymore and choose my wellbeing which is when the promotions stopped :/
Striking-Pirate9686@reddit
How does someone get a finance grad scheme but not know the number one thing finance is known for?
OilAdministrative197@reddit
Nepotism...
Vaniky@reddit
Every knows that finance has amazing work life balance /s
Shitsinhandandclaps@reddit
Yeah it’s what those types talk about second most in their TikTok’s. First is how much money they make 😎 second is how they basically work 29hr days 6 days a week, possible 7
Phenomenomix@reddit
Friend was on the grad scheme with PWC, he worked super long days to the extent that it’s become his normal. He works 12 hour days and at weekends, not sure if that’s what’s expected of him or if he’s just shit at his job and needs to do those hours to keep up.
JobAnxious2005@reddit
What part of ‘finance’
The fact you’re calling it that makes me think this is a troll post
Ok_Cantaloupe6531@reddit (OP)
Asset management
JobAnxious2005@reddit
Boutique or big institution
Ok_Cantaloupe6531@reddit (OP)
Large firm
JobAnxious2005@reddit
Even more bewildering why the hours are a surprise to you.
SemiRoundPort89@reddit
Absolutely not. As someone who went through a grad scheme in the financial industry that sounds horrific and a toxic work environment
Icy-Direction-852@reddit
How much are you getting paid? Do you have overtime hours? What does it say in your contract?
Riovem@reddit
My interns work 9:30am - 1am normally and up to 4am far too often.
That's investment banking. Couldn't pay me to do those hours.
Rekyht@reddit
Couldn’t pay you to do it but you happily hire and manage interns to those standards?
Riovem@reddit
My job is where possible to make sure they're not working those hours that they have pastoral support, that they're getting the training, development and opportunities they want etc
Mald1z1@reddit
In theory, a finance job like this should pay you enough so that you can live very close to the office and not have a 90 minute commute.
Travelodges in Central London can be as cheap as 40 pounds per night. I would consider staying locally a couple of days a week to take the edge off the commute times.
Jimny977@reddit
Depends on the part of Finance, but in a lot of it yes.
Rekyht@reddit
Always suspicious of a post like this where OP posts an obvious question and then disappears for hours, or never comments again. Screams karma farming.
Ok_Cantaloupe6531@reddit (OP)
I'm literally at work? Can't exactly reply 24/7
YodasGoldfish@reddit
Reply after 7pm when you have no work to do.
Rekyht@reddit
Well, guess you’ll see the very obvious replies at 9pm then
iMac_Hunt@reddit
What type of finance is this? Because unlike what some say, this is not really the norm unless you’re in something like IB. And then I don’t see how someone would get onto IB without knowing this.
aaaafffyyyy@reddit
this was something i was warned about during my alevels, im surprised you weren’t told beforehand lmao
Nice_Back_9977@reddit
It is normal for finance, but no amount of money would entice me to give up my life like that.
GlumAd9856@reddit
What about if it means you can basically retire in your 40s?
HighlightTheRoad@reddit
Retire… and then maybe die early from the toll taken on your body for years
double-happiness@reddit
IMO it would seem a shame to retire just when you are (hopefully) really in your prime in terms of having (again hopefully) both youthful energy and the maturity of middle age.
Sylens3@reddit
You'd have to stay healthy both physically and mentally to make the most of an early retirement which might be quite challenging if you're doing 20 years of the "magic roundabout" as described above.
Kudos to those who manage though
Nice_Back_9977@reddit
And lose my twenties and thirties? No.
El_John_Nada@reddit
Yup. Plus when I compare the number of hours I'm actually working vs the number of hours expected in finance, I'm not sure their hourly rate is really that much better than mine.
mint_biscuit_25@reddit
I’ve worked in FS for over 16 years and this has not been my experience at all. Ditto for my friends who work in same industry. Sure, during busy periods we might work a little extra but this is NOT the norm ime. Law on the other hand….
hallerz87@reddit
I had friends in finance grad schemes who went home in a taxi to shower/change while the taxi waited outside to take them back to work
Deep_Pepper_5405@reddit
That's the reputation if you work in finance in the City. It's usually around 5 years that people get a burnout. And start using drugs to keep up.
Working in finance for the NHS, not so much. But there is a massiva salary difference as well.
Chilled-Fridge@reddit
Everyone here banging on about the finance stereotype, and I know it's bad, but it shouldn't be that bad. I know people at hedge funds with work-life balance, working until 9pm IN OFFICE and what, skipping dinner? Not normal, that's toxic.
Stop normalising that shit.
Cool-Raspberry-8963@reddit
Yes this is normal in most areas of finance. You suck it up until you finish the grad scheme and see what exit ops are available to you.
Watch some videos on presenteeism, looking busy and how to stretch your work out till 9pm. Take sneaky breaks throughout the day to have a rest where you can. Your boss has made it a rule you need to be there till 9pm so no point finishing work fast cause he will give you a poor performance review for trying to leave on time. Look up what learning you can do throughout the day, maybe e-learning, excel tutorials, business documents etc.
Hang in there. A completed grad scheme in finance and a decade in the industry sets you up for life.
toady89@reddit
I suppose this answers my question about whether there's actually enough work to keep you busy that late, I thought my work's old culture of people performatively staying until 6pm was toxic.
RevolutionaryTea1265@reddit
I used to work nearly 15 hours a day so I’d say that’s normal in banking/finance.
next_chapter_fi@reddit
Yep, totally normal.
TooLittleGravitas@reddit
Question from an outsider
I can understand if it is a high demand, high pressure environment, but OP suggests they are not actually doing anything between 7:00 and 9:00, just expected to be there. That sounds pointless.
Is there something they should be doing? But surely the boss will point that out?
WaltzFirm6336@reddit
IME it’s a tenacity/endurance/loyalty test. So the fact there is no actual work is almost a bonus to the employer. If the first/second/third year employees comply and hand over their life to the company, they are ‘company material’ and get promoted up to the next level.
A friend of mine did the Accenture grad scheme years ago. They all had to go to one giant, international, on boarding residential in some US city. At the end of the two(? Three?) weeks they got told where, in the world, their first work placement would be.
Pretty much everyone got given a location that they didn’t want/would involve moving/some major sacrifice. My friend’s colleague had a husband and kids in London, and they were placed in Edinburgh for example.
My friend was living in London but renting, no family ties and not from the UK originally. They were more than happy to relocate anywhere internationally and were excited for the opportunity. They got given London as their base.
whorgie@reddit
For context I have completed a finance grad scheme and have been working in finance for close to 10 years. To answer your question it would be good to know what area of finance you’re working in - but to be honest, expectations vary so much between firms, departments and individual teams. Not all jobs in finance have these expectations, it’s a fairly broad church (which those outside of the industry may not be aware of). Where I work, I wouldn’t expect a grad in my team to be working past 7pm in anything but exceptional circumstances.
shaunster101@reddit
I've got friends that did graduate programmes at big auditing firms and the expectation was that you pretty much work most evenings and pick stuff up at weekends too.
ThatMasterpiece988@reddit
That’s abuse. Plain and simple.
TavernTurn@reddit
Oh my sweet summer child. Watch Industry on BBC.
Ok_Cantaloupe6531@reddit (OP)
Not realistic. Sensationalised.
TavernTurn@reddit
Very much so, but a storyline in their was based on a true story of the very same thing you’ve described. 9pm is light work lol
ScrollTheTedium@reddit
what role are you doing specifically?
ijustlovelipbalm@reddit
Watched Industry?
White_Swiss@reddit
Not normal, but certainly common in finance schemes in general. Good luck.
ChelseaMourning@reddit
Yes, that’s totally normal in finance. But you’ll be making money hand over fist in a few years and will be able to retire at 50. It’s a trade off.
Terrible-Group-9602@reddit
That's finance
dJohn2001@reddit
Just say no
GlumAd9856@reddit
Very common.
But if you don't have anything to do then you're not being proactive enough to seek it out.
Obviously this is an extremely pressurised and exhausting situation. But . . . . if you're cut out for it then the rewards are access to pretty much the highest salaries in the country, stock options, and a lifestyle that many people could only dream of.
But it's up to you, there are other options in the finance world that will mean a much more normal work-life balance (and salary).
Ok_Cantaloupe6531@reddit (OP)
Wdym by this? My older colleagues who make a lot (mid 6 figures) are still working 80 hours a week and aren't exactly balling out like celebrities.
indignancy@reddit
Most people in ‘normal’ careers in London are living in house shares into their thirties, maybe recalibrate your expectations…
But this is the con really - the idea people sell themselves on is that you do some years grafting then hit partner and make bank and play golf. Does that actually happen for many in practise vs continuing to work loads of hours to pay off an obscenely large mortgage? No.
No-Photograph3463@reddit
I mean finance is like this isn't it?
You can either tell your manager to go fuck themselves with some £50 notes, or join everyone else and get some coke in you and carry on working till midnight I guess
nosuninphilidelphia@reddit
Assuming you’re at a private bank then I’ve heard this happen but never first hand.
For context, both myself and my partner work in investment management in the city, I’ve been in the industry for 10+ years and never had your experience.
ProtonHyrax99@reddit
It’s common in certain parts of finance.
Traders are notorious for working absurd hours for absurd pay.
Cobbdouglas55@reddit
Depends on the type of banking and the role, but I'd expect them to have set very clear expectations
Past-Anything9789@reddit
I have absolutely no interest in the financial world but even I know that to properly succeed, the hours are equivalent to a doctor or lawyer in terms of staying outside your contracted hours to prove you're 'hungry' enough.
It's why drug use (particularly stimulants) are always portrayed as being hand in hand with the 'finance bros' crowd.
MisterIndecisive@reddit
Only reason it's like this is because acts like doormats. It's all about power and not getting work done.
Elegant_Plantain1733@reddit
It is about instilling a culture that is not 9-5 and recruiting people who will go extra mile. It is an industry where rewards can be excellent but not for everyone. It creates an environment where those who are wired that way can really thrive, as surrounded by others who will do the same, but which those who are not tend to end up leaving. There's thousands of applications for each post.
Finance can be a tough industry. Worth noting that actual expectations can vary between companies and teams.
Shitsinhandandclaps@reddit
Do you work in Japan?
Conscious_Guess9637@reddit
It’s ask UK
Superb_Highway6701@reddit
The larger the salary, the smaller the autonomy. Good luck.
Elster-@reddit
Yes, why do you think the pay is significantly higher than all other grad schemes.
If you don’t see midnight at least once a week while still staring at your screen, you are on a good team.
OkDifficulty3834@reddit
Which bank?
Candid-Engineer-6926@reddit
It’s a control thing. You will be pressured to work 12 hr days for at least the first year. CRE is the same way. You have to decide if you’re interested in this.
If you’re successful in finance you can like quit young. But also culturally you’ll be pressured to buy bespoke suits etc, overspend on cars etc. you have to decide if you want to go down this road.