Long hours - but everyone else works long hours too, and performance is rewarded. This is definitely not the time to be entering Wall Street. They are not hiring at the moment, as is the case with most banks. A special concern is for international students ,because banks that received bail out money are under pressure not to hire internationals students for positions that can be filled by US citizens. This basically means all first year Analyst jobs -and these Investment Banking were some of the most lucrative jobs for international students coming out of ivy league schools and other good schools who needed visa sponsorship.