According to a survey by eFinancialCareers.sg, the well known “financial job marketplace” portal, Singapore bank executives work the longest number of hours.
As reported in the Straits Times, 44% of our bankers work more than 55 hours a week, with Hong Kong and UK not too far behind at 43% and 41% respectively.
The global average is 38.5%.
As for bank executives working less than 35 hours a week, the global average is 7%. We are not too bad at 4%. Hong Kong is perhaps a little better at 8.6%.
The reason for our bankers working so hard is quite apparent:
“… with fat pay cheques, bumper bonuses and career advancement opportunities, local bank executives do not seem to mind the long hours.”