What does "extremely busy" mean for Evercore?

Joining a group where the analysts I have spoken with are extremely busy and a lot of activity is occuring. What are your thoughts on how many hours a week this translates to? I know that EBs run lower headcount and analysts hold more responsibility, so I knew the baseline would be higher. Baseline should have been around 75 to 90 a week, but that was before this recent uptick.

 

92.5 (weekday) + 21 (weekend) = 113.5 hours, based on their calculations.

Their assumptions are 16 hours a day + time to grab food and travel on top of those 16.

 
Most Helpful

The real answer is it’s 100% group dependent. Very busy for any of the TMT teams is going to bed at 5am and all weekend long. Very busy for certain other groups would be 10pm nights and sending an email on a Sunday evening. Some groups aren’t allowed to leave the office before midnight, others are all gone by 6pm (if they even come into the office). Any generalized answer for the entire firm is inaccurate.

 

Very group dependent. Friend in Tech group says 5am is an average sign-off time, with all nighters common. TMT sounds like the ultimate sweatshop.

 

Don't know anything about RX but health care has actually been the zero facetime group of the firm since COVID and is probably the last top deal flow group that has a good culture (media was in that bucket but COVID changed them for the worse). There's certain weeks where you can walk around the health care floor and it's deserted. And when they're in the office, most people are out by 7 PM. They have all nighters still but most people in that group are in bed by midnight if their projects aren't blowing up.

 

Moelis is building a homeless shelter for the analysts and associates if that gives you a feel

 

What are the sweatiest groups in M&A? Sounding like TMT, Infra, Transpo?

 

Tech gets grinded, but let's chill out with 5am average sign-off time... That's physically impossible on an average basis.

Extremely busy for any of the sweaty groups translates to average 2am sign off time (still horrible but the 3 hours makes a huge difference) with total hours anywhere from 85-105 depending on how much you work Saturday / Sunday

Source: In one of the sweaty groups

 

What the fuck are you even flung until 5am 5 days a week? That screams seniors are just assholes with no time management skills

 

Sweatiest groups in order —

Tech (NY)

Energy (Houston)

Industrials

Tech (Menlo)

Media

 

media is worse than Industrials in terms of hours from what I’ve seen. Industrials ppl take their protected weekends way more seriously than the media people who don’t know the difference between a Wednesday and a saturday. Both are also fratty but industrials is fratty in the football and beers douchebag way while media is like a preppy but slimy wolf of wall street boys club

 

What about C&R? Seems like the one group never described as sweaty

 
donsigmoid

How is power & renewables?

New group head from CS - probably sweaty and 1-2 AM sign off typical from people I’ve heard there secondhand 

 

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