Overtime can't be assumed by definition. If it's an expectation, it should be written into the contracted working hours, and then it's not overtime. (Or if there are no contracted working hours, then overtime could only be defined in relation to legally required maximum working hours, in which case it can't be an expectation for employees to exceed these without appropriate compensation.)
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.
Overtime can't be assumed by definition. If it's an expectation, it should be written into the contracted working hours, and then it's not overtime. (Or if there are no contracted working hours, then overtime could only be defined in relation to legally required maximum working hours, in which case it can't be an expectation for employees to exceed these without appropriate compensation.)
> 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.