Investment Banking

Finance workers’ cocaine use surges amid burnout crisis: ‘It’s just going up and up’

‘We’re going to see serious problems among City professionals’

Sunday 2 October 2022 at 23:01

Drug use has become normalised amid the deal boom, according to experts
Drug use has become normalised amid the deal boom, according to experts Photo: Getty Images

When Jaime Blaustein was interviewed for his first job at Morgan Stanley in 2012, he was hooked on heroin.

Blaustein’s drug use had spiralled throughout his university studies as he moved from drinking alcohol and smoking marijuana to using cocaine, crack cocaine and, eventually, heroin.