Women Bankers at Risk of Serious Mental Health Problems!

Clock face Work/Life balance is a term often bandied about but what of the serious consequences for women in banking who are struggling to build a career in finance – according to this article ‘paying the Price’ – now considered a more demanding profession than medicine or law. A study entitled 'Harvard and Beyond' by Claudia Goldin and Elisabeth Allison from Harvard University found that investment banking and consulting had the highest average number of hours worked per week at 74 and 61 respectively, leaving little time to spend with family and friends. Hope Hanner-Bailey an organisational psychologist says that women who don’t allow enough time for satisfaction at home can suffer from sleeplessness, anxiety and depression and are at risk of serious mental health problems. Bailey recommends building a support group of like-minded women and building in essential ‘me time’ which can be achieved with careful planning. For women trying to break into these typically male dominated careers it seems putting in the hours and neglecting themselves and their families is still expected in order to be taken seriously.

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