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In addition to the incredible profits, investment in the financial sector also has a risk of health consequences. Many bankers who experience mental disorders, diseases and even some of them chose to end his own life because of pressure of work.
Investment banking has long been a destination for ambitious people who crave competition wealth and luxury. Worked for 100 hours per week was considered as a challenge for the banker's job.
But whatever this persistent efforts, the bankers also human. Under the great pressure of work, many bankers who suffer from personality disorders and emotional. Some bankers still have the disorder for a long time even after leaving the profession.
A researcher from the University of Southern California found that insomnia, alcoholism, heart palpitations, eating disorders and emotional outbursts are many experienced bankers who have recently graduated from business school. All study participants were observed for more than ten years later disease caused by stress or fatigue in a few years because of his work.
This research was conducted for ten years against two banks on Wall Street. Wall Street is a name of a street in a suburb of Manhattan, New York, where trading and important financial firms in the United States.
Alexandra Michel, assistant professor of management at the University of Southern California School of Business, observes the Wall Street bankers in the office by sitting next to them, participating in meetings, record their working hours, and even took overtime for more than 100 hours a week in the first year about 80 hours a week in the second year and then followed up with interviews.
During the first two years, the
bankers worked on average 80-120 hours a week with a vibrant and energetic. Usually arriving at 6 am and left the office around midnight.
"In the fourth year, many bankers were a mess. There is a lack of sleep and blamed himself for not able to finish the job. While others suffer from allergies and drug addiction. The rest were diagnosed with long-term diseases such as psoriatic arthritis, Crohn's disease, arthritis and hormonal disorders , "Michel said as reported by the Wall Street Journal.
Meanwhile, the company benefits offered to employees are gradually blurring the boundaries between work and life's bankers. A vice president describes his job as a nightmare without end, he got up early and hope that the day before was just a nightmare.
In the sixth year, the study participants who entered middle age of 30 years had split into two camps. As many as 60% of participants continued to work hard and prioritize work. While the remaining 40% decided to prioritize health, pay attention to sleep, exercise and diet. About one-fifth of the bankers then leave the profession.
"Bankers have a high risk of burnout and mental health problems due to work pressure," said Alden Cass, a clinical psychologist who practices in New York.
In a study of 26 stock brokers who made ten years ago, Cass found nearly a quarter of study participants were depressed three times more weight than most people. In fact, it occurs when the economy is booming and salaries are high-level height.
The recent economic crisis caused a rise in the level of stress on the employees of Wall Street. There are about 40 clients of Wall Street who consulted with the Cass each week.
Most of his clients were seeking help for his personal relationships are affected by the work. Some clients later addiction drugs like Adderall or Ritalin to treat depression. Most clients experience 'depersonalization', that feeling numb to the world. Some of them even committed suicide.
"That is the reason why not many investment bankers found old age. It's a hard life," said Mr. DeGarmo, the former director of Salomon Brothers, one of the eminent investment bank on Wall Street.
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