Are they actually doing quality work in that time? What would happen if they just plain stopped after, say, 60 hours? Would the banks actually lose money?
I suppose they'll always find a new batch of people willing to imagine that they're getting a taste of billion-dollar deals and retire early. People undergo hazing because there are lots of people who want to be in the club. You may not be able to profit off the numbers, but you can at least have a perverse fun, if that's your thing.
But somehow, I'd have thought that a bank with "Come work 45 hour weeks with us for the same amount of money" would attract smart people and use their brain power to make more money.
I suppose they'll always find a new batch of people willing to imagine that they're getting a taste of billion-dollar deals and retire early. People undergo hazing because there are lots of people who want to be in the club. You may not be able to profit off the numbers, but you can at least have a perverse fun, if that's your thing.
But somehow, I'd have thought that a bank with "Come work 45 hour weeks with us for the same amount of money" would attract smart people and use their brain power to make more money.