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> contracted working hours,

> legally required maximum working hours

Neither of these apply in the context of full-time salaried US investment banking jobs that the parent comment is referring to.

People work these jobs and hours because the compensation and career advancement can be extremely lucrative.

People who worry about things like limiting their work hours do not take these jobs.





Sure, but in that case they are not working 'overtime', they are just working in the absence of any effective regulations governing reasonable working hours.



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