DCM/ECM is considered lower hours
What type of hours realistically can one expect.
What type of hours realistically can one expect.
+243 | BofA Associate death? | 66 | 4m | |
+143 | Investment Banking US League Table YTD 2024 (FactSet) | 83 | 1d | |
+141 | Big Layoff at Barclays - 5/1/24 | 74 | 6h | |
+83 | Would comitting to ATL İB be stupid? Please give feedback. | 45 | 2d | |
+83 | “Americans just work harder” | 53 | 7h | |
+68 | Sleeping on Jefferies??? | 32 | 6h | |
+66 | A shitter's comprehensive guide to sophomore year recruiting | 7 | 4h | |
+59 | NEED NY RESTAURANT RECOMMENDATIONS | 38 | 2d | |
+57 | What's up with RBC nowadays? | 24 | 3h | |
+48 | 5-Step (Borderline Psycho) Pre-Superday Routine I Used to Land Every IB Internship Offer | 4 | 1d |
Career Resources
I think normally between 10 - 12 hours a week less than coverage. However, with all this market activity right now, ECM in particular is working the same if not more hours than coverage.
Hi- I'm quite new to the site and interested in DCM. What does coverage mean exactly? A bank (DCM) I applied to mentioned to me that there was a chance for me to move into client coverage- what does this mean and is the coverage you mentioned the same thing?
He's referring to investment bankers who work in industry coverage groups, rather than product groups like M&A, ECM/DCM, RX. Coverage bankers "cover" certain industries, like tech, healthcare, industrials, metals & mining, etc. and will work on a mix of M&A/ECM/DCM/RX deals in their industry, while for instance an ECM banker will cover only ECM deals, but in a variety of different industries.
Can confirm working the same amount of hours as coverage
Hi- I'm quite new to the site and interested in DCM. What does coverage mean exactly? A bank (DCM) I applied to mentioned to me that there was a chance for me to move into client coverage- what does this mean and is the coverage you mentioned the same thing?
Not less hours whatsoever, especially at a BB. Especially at the junior level, you need to be there and online in case there are big deals going on.
.
Current BB DCM doing 75-85 on avg.
Can confirm, same here
In my experience a typical, non-busy time period ends up being close to 7:30am - ~8:00pm. Although given how busy 2020 was basically from March through June that changed to 7:00am - ~2:00am... Definitely varies base on the market but in general I'd say much better hours.
Why are you guys starting at 7 AM?
it’s not like you’re buyside AM watching and prepping for market trading every day
65-70hrs with busy weeks ranging up to 80-85hrs. Work on weekends only every few weeks.
What are the hours like for associates and VPs?
Not much different for associates in my experience. VPs probably 5-10hrs less per week (~60 on average) but really depends on the vertical. Some are severely understaffed right now and associates are consistently pulling 7:30am-9/10pm days.
Sunt ut quaerat eius. Autem possimus dolore consectetur. Eum maiores et ratione nihil sit aut asperiores omnis. Iure quia quos ducimus aliquid. Aliquid ipsa omnis est at odit.
Dolore sed non qui cum corporis quam sit. Omnis dolore delectus placeat maxime. Libero ut et laudantium omnis earum. Amet in qui accusantium sequi est minus ut. Aut reprehenderit delectus alias reiciendis. Eaque et sint quo doloribus tempore.
Voluptas aspernatur vero est velit iure. Earum cumque quia alias et. A exercitationem quia neque excepturi quo sequi. Tempore adipisci ex laboriosam illo possimus nemo amet. Consectetur delectus possimus aut animi maiores sequi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...