Part 5/9:
The Hidden Struggles of Junior Bankers
The discussion also points to the challenging work environment faced by junior bankers, particularly those engaged in exhaustive Excel work. Industry insiders are familiar with the infamous 80/20 rule: roughly 80% of the work involves repetitive data entry, model updating, and preparing presentation materials.
But the reality is often more severe—that these hours are extended by waiting for feedback from managers, who typically respond with minor revisions and tweaks. This cycle of submission and revision can leave analysts in a cycle of frustration, awaiting approvals and making incremental changes rather than engaging in meaningful strategic work.