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Investment banking has a complicated relationship with rest.

Everyone knows it is necessary. Few people talk about it seriously. And many only appreciate its importance after they have spent too long running on empty.

The industry celebrates intensity, responsiveness, stamina, and commitment. Those traits matter. Clients are demanding. Deals are unpredictable. Deadlines are real. The work requires energy.

But long-term performance requires more than the ability to push through.

It requires recovery. Not indulgence. Not laziness. Not opting out.

Recovery.

The kind that allows leaders to think clearly, make better decisions, listen properly, handle pressure, and keep perspective when the market becomes difficult.

After speaking with senior investment banking leaders across the industry, one thing is clear: the people who build long careers do not all recharge in the same way, but they do learn that energy must be protected deliberately.

Summer is a good time to remember that.

The Best Leaders Protect Thinking Time

Many senior bankers spend most of the year reacting.

Client calls. Internal meetings. Live deals. Travel. Team issues. Market developments. Emails. Follow-ups. New opportunities. Problems that cannot wait.

That pace leaves very little room for deeper thinking. Summer can create space for a different kind of work: reflection, pattern recognition, strategy, and perspective.

Some leaders find that space through reading. Others through walking, travel, time with family, sport, or simply sitting somewhere without a screen for long enough to let their mind settle.

The form matters less than the function. The point is to create room to think.

Because if you never step away from the noise, you may confuse activity with progress.

“Sitting quietly and thinking through, really thinking through what makes the most sense from a strategic or tactical perspective is critical.”

Michael Meyers - Vice Chairman, Head of M&A and Strategic Advisory Services at H.C. Wainwright & Co

Recovery Is Not Always A Beach

When people imagine recharging, they often picture a holiday.

A beach. A long flight. A nice hotel. A complete escape.

That can help, but it is not the only form of recovery. For some leaders, the most restorative moments are much simpler: a morning run, a quiet coffee, dinner with old friends, time with children, a round of golf, cooking, reading, cycling, swimming, or spending a weekend with no formal agenda.

The key is not glamour. It is restoration.

What actually gives you energy back? What makes you feel more grounded? What helps you return with better perspective?

The answer will be different for everyone, but the question is worth asking. Too many people take holidays without actually recovering. They change location but keep the same nervous system.

Family and Old Friends Keep You Honest

Banking can distort perspective.

The industry is intense, competitive, and often self-contained. Inside that world, everything can feel urgent: the deal, the pitch, the client call, the internal politics, the promotion, the bonus, the next move.

Time with family and old friends can be a useful corrective.

They remind you that you are more than your title, your inbox, your deal list, or your last review. They pull you back into a wider identity.

That matters for leadership.

People who are grounded outside work often lead better inside work. They are less reactive. Less fragile. Less dependent on external validation. More able to handle pressure without turning that pressure into unnecessary drama for everyone around them.

A strong personal life does not make you less committed. It can make you more stable. And stability is underrated in leadership.

"Don't let the demands and the desire to be promoted eclipse having a good time with your partner, good time with your kids and focusing on the important things. One very important predicate of long-term success is that you take care of your personal life

Larry Grafstein Deputy Chairman, Global Investment Banking at RBC Capital Markets

The Best Reset Includes A Hard Stop

Many bankers struggle to switch off because they never define what switching off means.

They are on holiday but still checking email constantly. They are with family but mentally in the deal room. They are away from the office but still available for every non-urgent issue.

Sometimes that is unavoidable. Senior roles carry responsibility. Live deals require judgment. Clients may need you.

But there is still a difference between necessary availability and default availability.

A hard stop may not mean disappearing for two weeks. It may mean no email before breakfast. No calls during dinner. One protected day. A proper afternoon away from the phone. A clear deputy. A message to the team about what is urgent and what can wait.

Boundaries work best when they are communicated clearly. People cannot respect a boundary they do not understand.

Recharging Should Create Perspective, Not Just Relief

There is a difference between escaping work and returning with perspective. Escaping work says: I just need to get away.

Perspective says: what do I see more clearly now that I have stepped back?

That distinction matters.

A good reset should help you ask better questions. What am I overreacting to? What have I been avoiding? What deserves more focus? What needs to change in how I lead? Which relationships matter most? What am I tolerating that is no longer working? What would make the next six months meaningful?

Rest is not only physical. It can also be strategic.

Sometimes the best ideas come when the mind has finally stopped sprinting.

Sustainable Careers Are Built Deliberately

The most successful leaders are often intense, driven, and deeply committed. But the ones who last tend to learn that sustainability is not optional.

You cannot build a 20, 30, or 40-year career on emergency energy alone.

At some point, the question changes from “Can I push through?” to “Can I keep getting better without breaking myself or the people around me?”

That is not a soft question. It is a leadership question.

Because exhausted leaders make worse decisions. They listen less well. They react faster. They communicate less clearly. They create unnecessary pressure. They miss signals. They lose patience. They become harder to follow.

Recharging is not separate from leadership. It is part of the job.

Closing Thought

Investment banking will always demand a lot from people.

That is part of the industry. The standards are high. The clients are serious. The work matters.

But the leaders who build long careers learn that performance and recovery are not opposites. They are connected.

The goal is not to work less seriously. It is to work with enough energy, clarity, and perspective to keep improving over time.

So this summer, do not only ask where you are going. Ask what will actually restore you.

What gives you perspective? What helps you think? What reconnects you to the people and priorities that matter? What allows you to return not just available, but better?

Because the best leaders do not only know how to accelerate. They know how to reset.

And that may be one of the reasons they stay in the game long enough to lead.

Leadership Quote of the Week

"Technology means you're always on. So you have to figure out how to break it. If you have time off, take it off."

Philip Ross - Chairman Global Healthcare Investment Banking at Jefferies

Recent Podcast Releases

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In this episode, Marc Jourlait, Operating Partner at The Riverside Company, shares a unique perspective from the client side of private equity, drawing on decades of experience as a CEO, Chairman, and operating executive across global businesses before transitioning into private equity.

We explore what private equity firms really look for in investment banking partners, how operating partners turn investment theses into value creation plans, and why the most successful bankers focus on building long-term partnerships rather than simply executing transactions. Marc also shares how specialist industry knowledge, credibility, and operational thinking can help investment bankers become trusted advisors throughout the ownership lifecycle.

Throughout the conversation, we discuss value creation beyond financial engineering, the role of leadership and culture in private equity-backed businesses, the importance of speed and execution during a typical five-year investment period, and how employee ownership can transform engagement, performance, and long-term business value.

Ultimately, this episode highlights why lasting value is created not only through financial expertise, but through operational excellence, trusted relationships, and a partnership mindset that extends well beyond the deal.

Episode 45: From McKinsey to Building Hungary’s Leading Investment Banking Boutique

In this episode, Gábor Szendrői, CO-founder and Co-managing partner at Concorde MB Partners - IMAP Hungary, shares how he transformed an entrepreneurial vision into one of Central & Eastern Europe's leading mid-market investment banking firms.

We explore how Gábor pioneered an innovative Management Buy-In (MBI) model to create an entirely new buyer universe, the long-term approach to origination that has become a key competitive advantage, and how changing market dynamics have reshaped M&A across the region. He also shares lessons from building a boutique advisory firm, developing strong client relationships, and creating a differentiated brand.

Throughout the conversation, we discuss the transition from deal execution to origination, the importance of long-term thinking, networking, and thought leadership, as well as why psychology, trust, and human relationships remain at the heart of successful dealmaking, even as AI transforms the industry.

Ultimately, this episode highlights how entrepreneurial thinking, patience, and relationship-driven leadership can create lasting competitive advantage in investment banking.

Read of the Week

“Rest: Why You Get More Done When You Work Less” by Alex Pang

Drawing on rigorous scientific evidence and revelatory historical examples, Rest overturns everything our culture has taught us about work and shows that only by resting better can we start living better.


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