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Aussie bankers choose the easy life

6 June 2007

eFinancialCareers UK

Most Aussie investment bankers plan to have their feet up by the pool well before middle-age, according to our latest poll.

Just over 70% of those who responded reckoned they would have chucked in banking by the age of 45, with the rest being gone by the time they get to the big five-o. But most don't particularly want to retire too early either; just 40% want to be vegging in front of the daytime soaps before the age of 40.

But the rest of the world doesn't think retirement will come quite so soon. In the Asia/Pacific region excluding Australia, 46% think they'll still be at their desks past the age of 45. But the most pessimistic – or perhaps those who love their jobs the most – are those in Continental Europe with almost half – 48% – believing they'll still be at work after reaching 45.

It certainly can't be the long hours driving Australians to an early pipe and slippers; they seem to be getting the work/life balance right as well. In response to another of our opinion polls, the bulk of Aussie bankers (60%) reveal they spend between 35 and 55 hours a week in the office. Just under a third (31.3%) work over 55 hours a week, but only 17% manage to stay in the office for over 65 hours a week. By comparison, nearly 42% of UK bankers claim they work more than 55 hours a week.

Comments (6)

Life can be short .. good Aussie attitude

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Comments (6)

  • Life can be short .. good Aussie attitude

    Melvin 13 Jun 2007

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  • I don't know where you got these figures from but they are clearly not investment banking hours

    Jonathan 13 Jun 2007

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  • how was the survey carried out?

    Brian 14 Jun 2007

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  • Brian: it was carried out on the eFinancialCareers site - like the poll at the top right of this page!

    Sarah, Editor, eFinancialCareers 15 Jun 2007

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  • This is unbelievable, in South East Asia, we definately work over 70 hours a week in investment banking. Good for you guys!

    Robin 19 Jun 2007

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  • Could this be because they dislike what their doing and want to grow olives. Seriously, how could you possibly retire at the age of 45 and uphold a certain standard of living?

    Stewart 27 Jun 2007

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