I am a risk and regulations manager in a private bank. I moved into this job from an investment banking risk position and it is far, far more stressful.
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People who work in investment banking often presume that they have it worse, but it is nothing compared to the stress of working in private banking.
Private banking is simply much harder to deal with.
In investment banking, you have the stress of deals and the long hours, weekends and late nights that this entails. But the job itself is not difficult – it just sucks a lot of your time.
In private banking the stress isn’t just from working long hours (mine reduced substantially) but the fact that you have to learn so many investment, compliance and trading rules.
This is why most private bankers are CFA Charterholders or have advanced degrees in economics and statistics, plus…
