Zatopek:
SocratesIsMortal:
Nope, my rule of thumb, you need to come in before I do and leave once I leave. Something could always come up last minute and I've had too many analysts not be at their desk.

People like this guy are the problem with the modern work environment.

The fact that this simple and reasonable expectation is seen as outrageous is the problem with the modern work environment.

 

People like me are why I live an above average lifestyle. I'm obsessed about my pursuits, my obsession is not a 9-7 mentality; look at anyone who lives a FILO (First In Last Out) mindset and you'll see their names in the history books.

When an analyst tells me, "hey, I've tackled XYZ the best that I can, it's 12am, and I'd like to get 8 hours of sleep", I nod my head in approval, because he/she busted their ass and left everything on the table.

If you're not obsessed about learning and improving whatever you're involved in, to the point of exhaustion, you should move to another pursuit. You won't be happy in the long-run doing something you hate 16+ hours out of the day. I'm lucky to have access to my CFO from 9-6 everyday, and every time I don't take advantage of his presence because I leave at 530 a certain day, is 30 minutes of invaluable learning/experience I leave on the table.

Read this ( https://boldanddetermined.com/obsession-is-the-only-thing-that-counts/ ) and ask yourself, "Is it OK for the analyst to leave the office before the associate sometimes?.... or is there more I can leave on the table?".

 

It is somewhat rare that leaving before your associate is a possibility. When it is, check with your associate and ask if he needs anything else from you. If he doesn't, and you are all done with your work for the day, ask if he minds you taking off. Any reasonable human being won't ask you to sit at your desk while they work on things that do not require you - especially if you've been working hard for them and doing quality work. Note that this assumes that you are confident that your VP/D/MD won't be firing off more emails / comments.

“Success means having the courage, the determination, and the will to become the person you believe you were meant to be”
 
nontargetPSD92:

It is somewhat rare that leaving before your associate is a possibility. When it is, check with your associate and ask if he needs anything else from you. If he doesn't, and you are all done with your work for the day, ask if he minds you taking off. Any reasonable human being won't ask you to sit at your desk while they work on things that do not require you - especially if you've been working hard for them and doing quality work. Note that this assumes that you are confident that your VP/D/MD won't be firing off more emails / comments.

Agreed. I have no issue with my analysts leaving before me as long as they check with me first. However, If I step outside and there is no one in the bullpen and I was not notified it is very irritating. My reaction varies depending on how much sleep I have had and how much work actually needs to be done. Either way, just check. It takes 2 minutes and makes you a substantially better analyst.
 
nontargetPSD92:

It is somewhat rare that leaving before your associate is a possibility. When it is, check with your associate and ask if he needs anything else from you. If he doesn't, and you are all done with your work for the day, ask if he minds you taking off. Any reasonable human being won't ask you to sit at your desk while they work on things that do not require you - especially if you've been working hard for them and doing quality work. Note that this assumes that you are confident that your VP/D/MD won't be firing off more emails / comments.

Solid. It may vary depending on the company culture, but as a subordinate in general I think this should be a common courtesy. Additionally, doing this would also make a good impression, hopefully.

+1 SB

Fortes fortuna adiuvat.
 

I would say usually not, but you always can. Depending on how comfortable you feel in the group 1) either ask the associate if you can help (he says no and you have green light to leave) or 2) just don't care and go (assuming people already respect you in your group and won't go bananas over this as I would if an intern did this to the analyst me)

 

this one is tricky ... I've heard stories of people asking if they could leave before and the associate would politely say sure, no problem then when the VP comes by with some changes the associate says: I will do it, the Analyst decided to take an early day. that feedback gets up the ladder and next thing you know you are seen as unreliable.

having said all that, you need to play this by ear based on your group and the associate you work with. if you are new and haven't had time to figure him/her out ask former analysts that worked under them to give you advice on how they do business. If they are cool then you can trust them, otherwise play it safe or there might be consequences further down the line.

"I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. " -GG
 

I left before my associates all the time. I made sure they didn't need anything more from me before I left. Now, I don't mind at all if my analysts leave before me. If something needs to be done by EOD and they just leave without completing that, we would have an issue. Just use good judgement and you should be fine. Office cultures can vary greatly, your mileage may vary.

 

Also to be clear. Do not just ask if you can help me with anything. There may be nothing to do at that very moment or I may be too busy to talk to you about it. If you let me know you are planning on leaving though and I say ok, there is no issue with it. Now, other associates at the same firm, even within the same group, are a very different story. Just be cognizant that dickheads do exist.

 

Jr. Banker culture is very reminiscent of fraternity life. While you are a pledge, the brothers seem to think that they "own" you and there is nothing else out of the frat life and if you don't do what you are told, it will be the end of you. This is complete BS and comes from someone who was in a fraternity. The ex-bros now turned bankers need to avoid trying to continue this culture in the real word or assume that analysts "report" to them.

Same thing about a job. If you are good and know the value that you add, guess what you can find another job at some other firm or in a different industry. Plenty of people understand that face time is a joke and that life comes first, sitting in the office just because your associate is still there (unless you have a deliverable due for EOD or you two are working through something important together) is complete fBS. As long as you do not blow up the approval chain and jam the people above you that will opine on your work or are waiting to receive your work, there is nothing wrong with leaving earlier in my mind.

Take this with a grain of salt as I work in corporate banking and not IBD and chose a different path in favor of less comp / better work life balance, to me the 20-25% extra pay is not worth the incremental hours nor do I have an interest in the exit opps that come after IBD. Our associates would typically leave around 6:30-7 on a normal to light day (earlier on Friday). When something was due we would all be there later cranking it out. After a week of working late into the evening or doing weekend work, if I had no work due by EOD and was managing my work flow, I would even leave at 5PM and would care if an associate was still there. In response to their "did you check in with " I would reply "For what?". Still got top bucket bonus, still promoted to Associate. Zero career ramifications. Face time is just stupid unless you are really doing work that due soon and need to be around to get through a deadline.

 
B2Banker:

Jr. Banker culture is very reminiscent of fraternity life. While you are a pledge, the brothers seem to think that they "own" you and there is nothing else out of the frat life and if you don't do what you are told, it will be the end of you. This is complete BS and comes from someone who was in a fraternity. The ex-bros now turned bankers need to avoid trying to continue this culture in the real word or assume that analysts "report" to them.

Same thing about a job. If you are good and know the value that you add, guess what you can find another job at some other firm or in a different industry. Plenty of people understand that face time is a joke and that life comes first, sitting in the office just because your associate is still there (unless you have a deliverable due for EOD or you two are working through something important together) is complete fBS. As long as you do not blow up the approval chain and jam the people above you that will opine on your work or are waiting to receive your work, there is nothing wrong with leaving earlier in my mind.

Take this with a grain of salt as I work in corporate banking and not IBD and chose a different path in favor of less comp / better work life balance, to me the 20-25% extra pay is not worth the incremental hours nor do I have an interest in the exit opps that come after IBD. Our associates would typically leave around 6:30-7 on a normal to light day (earlier on Friday). When something was due we would all be there later cranking it out. After a week of working late into the evening or doing weekend work, if I had no work due by EOD and was managing my work flow, I would even leave at 5PM and would care if an associate was still there. In response to their "did you check in with " I would reply "For what?". Still got top bucket bonus, still promoted to Associate. Zero career ramifications. Face time is just stupid unless you are really doing work that due soon and need to be around to get through a deadline.

Thanks for sharing. I had a similar experience. I stepped out, 1st yr post-MBA associate told the VP I left. Words travel fast. I refused to do this associate's work and was staffed with this associate again and still had great review/bonus.

 

Exactly, NOT IBD. As far as not "reporting" to an associate, actually you do, it is the very definition of your role. It's called the chain of command and as an analyst you "report" to everyone else above you. An attitude like that will get you pushed out in IBD or no offer after a summer stint. Not trying to be a dick, just pointing out the vast difference between corporate and IBD. Also, just as an FYI, I was never in a fraternity and never ask anything of my analyst's I am not willing to do myself.

 
Mephistopheles:

Exactly, NOT IBD. As far as not "reporting" to an associate, actually you do, it is the very definition of your role. It's called the chain of command and as an analyst you "report" to everyone else above you. An attitude like that will get you pushed out in IBD or no offer after a summer stint. Not trying to be a dick, just pointing out the vast difference between corporate and IBD. Also, just as an FYI, I was never in a fraternity and never ask anything of my analyst's I am not willing to do myself.

Whats with the caps in "not"? Sure, corporate & IBD have some cultural differences as does IBD & syndications, etc. However, its still structured the same way and the analyst, associate, vp, etc roles still serve the same function.

There is a big difference to being someone's direct report and having that person do your performance reviews, determine your bonus, eligibility for promotion, among other things and having someone pass down some work to you. MD / Director level person wants something done, asks VP to set it up, VP passes the task down to the associate, who then delegates work to the analyst. Associate then reviews analyst's work, gives guidance on the work process, etc. Its very different to manage a work process and being someone manager. If an analyst is doing all around great work, anticipates requests, I highly doubt the analyst's bonus will be dinged if an associate makes a comment "the analyst leaves before me." and that associate would look like a huge dick.

I understand that associate's might like to think that their analysts "report" to them but thats not really the case. Around performance review time, everyone gets asked for feedback but on a large team, 1 associate's feedback is a drop in the bucket (unless that is the only one you ever work with). With the exception of post-MBA associates and lateral hires from other industries, an associate is someone who is 3-4 years out of school and doesn't really know anything, people that think they own their analysts need to check themselves. Its the same thing like analysts placing a huge emphasis on "being a second year vs. a first year"...you are still an analyst! People overall just need to grow up some.

 

This chain is unreal. Thanks for the comments, it has been highly amusing to read. I am now about 8 months out of banking, and if there is one thing I would say to any current Analysts - just because your associate treated you like crap, is no excuse for you to follow that path (a UK issue more I know, given far more stay on).

The comp is no longer what it used to be, and no longer (in my opinion) warrants some of the treatment of Juniors in the firms I have seen.

 
Best Response

few things that annoy me more than analysts/interns staying around in the office when they have nothing to do... Just show a misunderstanding of what people actually expect from you. Unless we are working on something urgent, by all means go to the gym at 7 and come back after to finish your work. Check with me and leave early if you're done with your work and never, ever, ever come to me past 10pm asking if you can help on anything if you are not already working on my project. If I am in the office at 10pm, it is unlikely that staffing an intern on something he has no background on and having him do the work will actually help me. That's just going to waste my time. Assume that if you are not working on my project and it's past 8pm, I won't need your help... It's time to end the facetime culture, both on the senior side (you've been fucked over when you were longer, tough luck, get over it) and on the junior side (stop believing articles from efinancialcareers)...

 

MD level guy I knew who worked in another group on my floor - only got to know him from company related events, extra curiculars, going away drinks for people leaving, etc. but never in a professional setting....seemed like an all around great guy, very laid back and awesome sense of humor. Yet his group had the worse facetime than any other group on our floor (first in & last out) would have never imagined it given how laid back this guy was.

 

Had a question and didnt think it worth making a thread, but just wondering what exactly is an "Associate 0"?

I always thought it was a summer Associate, but just heard a VP in my team say they're looking to hire an Associate 0. How does Associate 0 differ from Associate 1?

You know you've been working too hard when you stop dreaming about bottles of champagne and hordes of naked women, and start dreaming about conditional formatting and circular references.
 
Anaconda:
(Seriously? You're only an analyst/associate and already raising a family?)

Don't judge other's situations. If you are seriously downplaying raising a family, I question you as a human being. Who cares they started a family early, their choice to make and not yours to judge.

Stay late, get the overtime pay and the free meal. If you get shit for abusing overtime pay, then stop doing it.

"My name's Ralph Cox, and I'm from where ever's not gonna get me hit"
 
FeedMeDealFlow:
Anaconda:

(Seriously? You're only an analyst/associate and already raising a family?)

Don't judge other's situations. If you are seriously downplaying raising a family, I question you as a human being. Who cares they started a family early, their choice to make and not yours to judge.

Stay late, get the overtime pay and the free meal. If you get shit for abusing overtime pay, then stop doing it.

What this guy said.

Fortes fortuna adiuvat.
 

I used to stay until 6 or a bit longer on the trading floor when i was a young analyst, cause i always left all my shit to do at the end of the day. Then I learned to not fuck up my bookings, and book my trades as I made them as well as write my shit during the day. I was leaving no later than 5 after that (starting at 6:45). I got a pay rise and promoted to associate when I was doing my work right and efficiently. When I was disorganised and left late I didn't impress anyone.

Moral of the story - staying late won't get you promoted. Working hard and efficiently will.

Don't be an idiot and get a life after work - it will make you an interesting person and not just another office drone.

 

If everyone else leaves at 6:00pm, nobody will know whether you left at 6:01pm or midnight. There isn't always a benefit to working harder than everyone else if there isn't always something to do, and it might just burn you out instead.

That said, I do think as an analyst or someone relatively new to a job, it's worthwhile to stay late and go through old models and presentations to try and learn how your group does things. But that's a small piece and won't set you on the fast-track to CEO-dom.

 

I'm judging on the fact that they have families so early, not the actual having families part. The guy who sits next to me is also an analyst just out of school and is married with a kid on the way, and much of the office is like him. From a financial perspective it just seems like an impulsive and irresponsible decision, because you haven't even gotten to becoming financially stable and already have an extra mouth or two to feed. The analyst compensation here very low at least for the first 2 years, and having dependents might even put you below the poverty line. Most people wait till they're VPs before having kids, if any at all. Not to mention by having a family, you've also locked yourself into this job and location for possibly the rest of your life, which means if things don't pan out well for any reason, you're out of luck.

Sorry for the harshness of my words, but it was just I thought I wanted to get out there.

 

Some people like having kids better than they like "crushing hotties at the club". It's their choice.

For staying late, stay only if doing so will either allow you to do better at your work or impress people. Given what you describe I think you'd be better served by making sure that you're the first guy to show up in the morning.

 

[quote=Easy C]

Some people like having kids better than they like "crushing hotties at the club". It's their choice.

My point was about the financial feasibility not preference or anything else. You can't simply have a child just because you want to. Childcare costs $700+ per month. You think you can afford that on an analyst salary? And money is just among the plethora of sacrifices one must make to raise a kid.

 

There reaches a point where there is diminishing returns to staying late (unless you have something that needs to be done ASAP). If after 6:30 PM you're in a room full of analysts doing work they need to do while you're just sitting there passively doing work that isn't due till a week from that day until you can get the free seamless, I'm gonna advise that you just go home. At the end of the day it's ultimately your call, but I think staying late for the sake of staying late is overkill. Also, you don't want to be known as 'that guy' in the office. No one likes 'that guy'.

 

But is it wrong to assume that staying till after your seniors is the expectation? Can none of you really think of instances where analysts/associates stayed in late even when they didn't have to just because it was part of the office culture?

The whole reason I'm asking this was because I'm honestly confused about what the culture and expectations are like in the office and the industry, so I'm wondering what would be the "safer" approach here. Getting a feel of the office culture takes time, but it doesn't justify doing anything socially unacceptable in the process.

Case in point, last week my MD had a chat with me and the other new hires on my floor and his main point was the getting it to us that our office has a relatively flat organization and encourages us to speak freely to our superiors including himself. Other folks on my floor have said the same thing. But afterwards I had to turn in a form that needed my MD's signature so I asked him and he signed it, no problem. When I turned it in to the HR person, he scolded me and said I should never request anything directly from my MD; any requests to the MD needs to go through him (the HR guy) first. Of course this left me confused because 1) no one ever told me that was a rule but he made it sound like it was common sense and 2) if I'm going to turn a form in, it's common sense to make sure I that get as much of it filled out as possible first. In any case, this little fiasco kinda disproved what my MD was saying not too long ago.

That was just one example; even though I've only been here a few weeks, I've seen evidence suggesting that our organization is quite flat and evidence suggesting that it's not. I don't know what to believe at this point. In the case I just mentioned, I suspect the MD was just being courteous; many people will assert that there's no true open-door policy in the finance industry, and maybe I was a fool for even thinking that in the first place. And who knows? maybe the other analysts/associates have the right to leave at 6 simply because they have families; maybe I'm expected to stay later simply because I have no dependents.

 
Anaconda:

But is it wrong to assume that staying till after your seniors is the expectation? Can none of you really think of instances where analysts/associates stayed in late even when they didn't have to just because it was part of the office culture?

The whole reason I'm asking this was because I'm honestly confused about what the culture and expectations are like in the office and the industry, so I'm wondering what would be the "safer" approach here. Getting a feel of the office culture takes time, but it doesn't justify doing anything socially unacceptable in the process.

Case in point, last week my MD had a chat with me and the other new hires on my floor and his main point was the getting it to us that our office has a relatively flat organization and encourages us to speak freely to our superiors including himself. Other folks on my floor have said the same thing. But afterwards I had to turn in a form that needed my MD's signature so I asked him and he signed it, no problem. When I turned it in to the HR person, he scolded me and said I should never request anything directly from my MD; any requests to the MD needs to go through him (the HR guy) first. Of course this left me confused because 1) no one ever told me that was a rule but he made it sound like it was common sense and 2) if I'm going to turn a form in, it's common sense to make sure I that get as much of it filled out as possible first. In any case, this little fiasco kinda disproved what my MD was saying not too long ago.

That was just one example; even though I've only been here a few weeks, I've seen evidence suggesting that our organization is quite flat and evidence suggesting that it's not. I don't know what to believe at this point. In the case I just mentioned, I suspect the MD was just being courteous; many people will assert that there's no true open-door policy in the finance industry, and maybe I was a fool for even thinking that in the first place. And who knows? maybe the other analysts/associates have the right to leave at 6 simply because they have families; maybe I'm expected to stay later simply because I have no dependents.

If staying late is part of the culture, then as the "new guy" (and until you've settled in and earned some trust/respect/credibility), you need to conform to that. But again, if you're the last guy there nobody will know whether you left one minute or 4 hours after everyone else.

 

Dear MacTavish, Has it ever occurred to you your teammates and others in the office could be reading this, and could pretty easily figure out who you are and who you are targeting through these rather disrespectful posts? Or maybe, you're not as smart as you think you are after all? Your, Reality check!

 

-- Coming in early > staying late for impressing seniors, usually.

-- Except in emergencies, work smarter, not longer, to get more done.

-- If you're in SLC, there's a high value on social conformity in the area generally, in my experience, whether or not you're LDS. So try not to get a rep as the guy who always works late because he has no family or social life. Be good to yourself. In SLC, you can't chase tang in clubs at 2am like you can in NYC.

 

First year i was consistently hammered with work - 9am-12am at least + minimum of sunday / usually good amount of Saturday - ~80-85 hour average

Second year was polar opposite - averaged maybe 60 hours week, no office weekend work for multiple months in a row

Really showed me that it pays to work smart, not hard, learn how to manage your seniors / workstreams etc. Obviously some deals don't allow for that, but many do

 

Doubtful. Competitive, well paying jobs tend to have longer hours than the average job and don't see why that trend would change. Those jobs also tend to self select people who are hungry and ready to put in the hours to be competitive.

Where you spend your time depends on where your interests and goal lie. Some people rather work longer hours at an interesting job than 9-5 at a mind-numbing role.

 
Value_added:
Doubtful. Competitive, well paying jobs tend to have longer hours than the average job and don't see why that trend would change. Those jobs also tend to self select people who are hungry and ready to put in the hours to be competitive.

Where you spend your time depends on where your interests and goal lie. Some people rather work longer hours at an interesting job than 9-5 at a mind-numbing role.

What's your definition of "competitive, well-paying job"? If you're talking a job that pays millions, most likely. But a job like a retail financial advisor can easily pay over $200k with a 9-5 work day or less at the height of the career path.

 

i turned down a IB job which was paying much higher than what i ended up taking as a consultant just so i dont have to work 120 hours a week. i am usually out by 6-6:30, i ususually dont work much on fridays and weekends i never work. also get 26 days of vacation vs 10.

so i traded around 2500 hours of work and 16 days of vacation for around $20000. turns out my time is worth more than $8/hour ($20000/2700hours). i think the IB would have had to offer me ~$40000/year more to work as much as they had wanted.

 
TopDGO:
Now that we have recovered a little bit from a week filled with posts by people discovering life after IB, I wonder if there is something to take away from it all.

We know that the ability to get rich quick in IB has become a lot more difficult over the past couple years. While comp may not have dropped drastically for everyone, at least we know there are much fewer opportunities to get into IB compared to pre-2008. I think we can apply this same reasoning to many other professions, especially ones that traditionally require a working a lot of hours.

This article (http://on.mash.to/IFvyQD) about Facebook COO Sheryl Sandberg caught my eye recently. Sandberg is obviously a fairly successful woman, holding serious titles at both Google and Facebook. The fact that she feels comfortably talking publicly about a work day that ends at 5:30 makes me wonder if we are heading into an environment where both employees and employers are more comfortable with workers spending more time on things like family, or whatever pursuits keep them sane outside the office.

What are peoples' thoughts? How much is your time worth? If you are forced to make less anyways, is it worth getting to spend more time outside of work?

Fairly successful? If she's fairly successful, what does that make you?

[quote]The HBS guys have MAD SWAGGER. They frequently wear their class jackets to boston bars, strutting and acting like they own the joint. They just ooze success, confidence, swagger, basically attributes of alpha males.[/quote]
 
SonnyZH:
TopDGO:
Now that we have recovered a little bit from a week filled with posts by people discovering life after IB, I wonder if there is something to take away from it all.

We know that the ability to get rich quick in IB has become a lot more difficult over the past couple years. While comp may not have dropped drastically for everyone, at least we know there are much fewer opportunities to get into IB compared to pre-2008. I think we can apply this same reasoning to many other professions, especially ones that traditionally require a working a lot of hours.

This article (http://on.mash.to/IFvyQD) about Facebook COO Sheryl Sandberg caught my eye recently. Sandberg is obviously a fairly successful woman, holding serious titles at both Google and Facebook. The fact that she feels comfortably talking publicly about a work day that ends at 5:30 makes me wonder if we are heading into an environment where both employees and employers are more comfortable with workers spending more time on things like family, or whatever pursuits keep them sane outside the office.

What are peoples' thoughts? How much is your time worth? If you are forced to make less anyways, is it worth getting to spend more time outside of work?

Fairly successful? If she's fairly successful, what does that make you?

this.

OP are you a billionaire?

Whats the matter? Scared of my little red fuzzy anus? Don't be shy,let me show you the way, give me your hand and I will take you to paradise
 

Damn.analyst is right... She can leave whenever she wants cause she can delegate everything to hundreds of people below her. Obv. if you are the last hired analyst it gets difficult to be able to leave at 5.30.

I'm grateful that I have two middle fingers, I only wish I had more.
 

I I think it really depends on what position you're in, how long you've been there, what field your in etc. It's very possible that people leave at 5:30pm and make a great salary over 200K,I have friends who are dentists and create their own hours and make great money. IHowever, is it really possible in finance especially when you are starting out - highly doubtful.

 

Meant to preface that with *most jobs, talking mainly about the typical careers of interest here in WSO (IB,MC, HF, PE, etc).

I wouldn't say a job as an FA can easily make over 200k though. There are easily many FAs that make that or more, but you're omitting the fact that only small percentage of FAs make it through their training program, and then an even smaller percentage are still in the industry after 1-3 years. Having your primary source of income come from AUM is not an easy way to start your career.

There's no free lunch, while you can make good money for little work once you're established as an FA the early years of it are definitely not easy.

 
Value_added:
Meant to preface that with *most jobs, talking mainly about the typical careers of interest here in WSO (IB,MC, HF, PE, etc).

I wouldn't say a job as an FA can easily make over 200k though. There are easily many FAs that make that or more, but you're omitting the fact that only small percentage of FAs make it through their training program, and then an even smaller percentage are still in the industry after 1-3 years. Having your primary source of income come from AUM is not an easy way to start your career.

There's no free lunch, while you can make good money for little work once you're established as an FA the early years of it are definitely not easy.

While this is certainly true, I think that this occurs in most big professions (lawyers, etc) where there's a distribution of income and those at the top make significantly more than those who aren't there. The reality is that most people going into IBD don't last and end up in PE for whatever reason. But I think most people on WSO would fall into that top category of FAs. My dad's an example of a FA who went to a small unknown catholic school, was the first to go to college in his family, and was making over $200k in his 40s and 50s. It's not guaranteed or anything but considering he leaves the house at 9:30 for work and heads home at 4:30, I'd say he got pretty lucky. I'm just saying that's an example of a "good profession" if you're good at it with really few hours, extremely flexible work schedules (when he wants a vacation, he takes it, he doesn't really have a boss who cares as long as he's bringing in money/clients), etc. Now it's also an extremely stressful job considering the economy lately but that's a different argument.

I was just pointing out that a FA is a potential example of that high-paying job with few hours... incidentally, this is most likely why countless salesmen in S&T end up moving to PWM sooner or later.

 

For every person who "trades" long hours for time off, I wonder how many people actually do cool things instead of going home and watching TV. If you work your 9-5 and then actually go live your life, awesome, power to you.

 

It's tech. Better hours and more money. Know a CS guy at Google. 8PM is late for him. And he's making ~ $120,000 a year right out of college. Can't beat that.

(Though you obviously don't have the same earnings potential unless you go the start-up/VC route.)

 

it all depends on the attitude. I know a guy. he own a commodity recycling company. he starts working at like 6-7 and goes home at 3,4. he's probably making a few mil a year. When I was working for a BB investment bank no one left before 12. No one even discussed about it. you just didn't want to leave before 12 o'clock. I left at 3 am in average. One day, commodity recycling guy asked me what I we were doing the whole time. He couldn't believe that we had to work until 3am. I just told him the truth. A lot of research, powerpoint stuff, excel shit and so on. So he asked me, why they didn't just hired more ppl. The actual reason is pretty obvious. However, what I am trying to say is that it is the attitude per se. Seniors that had worked that amount of hours expect from analysts and associates that they work as much as they did when they started. Analysts that are going to become directors one day will have the same attitude. When I worked on a project for a PE firm, there was this ex-investment banking dude who called us at like 3 am and requested some materials for a meeting at 9 am in the morning and end of discussion.

The tech industry is very different. People work a very hard, accurate and efficiently. However, these folks know when the marginal rate of effciency crosses the line and its time to go home and sleep. Further, I think that once they get home they continue working. They keep thinking about how to improve things, how to solve certain problems. I've never met an investment banker who told me that he was thinking about solving some problems once he got home. an investment banker's home is the office.

I work in IB myself. However, I decided not to work for a BB IB because of this reason. I wanna get home at normal hours (10-12), have some drinks with friends, see a girl or whatever. Obviously, you cannot be very successful (business-wise) if work 9-5 only but if you go home after 12 on average, I don't think that you will be successful in the long term either.

 
all_in:
it all depends on the attitude. I know a guy. he own a commodity recycling company. he starts working at like 6-7 and goes home at 3,4. he's probably making a few mil a year. When I was working for a BB investment bank no one left before 12. No one even discussed about it. you just didn't want to leave before 12 o'clock. I left at 3 am in average. One day, commodity recycling guy asked me what I we were doing the whole time. He couldn't believe that we had to work until 3am. I just told him the truth. A lot of research, powerpoint stuff, excel shit and so on. So he asked me, why they didn't just hired more ppl. The actual reason is pretty obvious. However, what I am trying to say is that it is the attitude per se. Seniors that had worked that amount of hours expect from analysts and associates that they work as much as they did when they started. Analysts that are going to become directors one day will have the same attitude. When I worked on a project for a PE firm, there was this ex-investment banking dude who called us at like 3 am and requested some materials for a meeting at 9 am in the morning and end of discussion.

The tech industry is very different. People work a very hard, accurate and efficiently. However, these folks know when the marginal rate of effciency crosses the line and its time to go home and sleep. Further, I think that once they get home they continue working. They keep thinking about how to improve things, how to solve certain problems. I've never met an investment banker who told me that he was thinking about solving some problems once he got home. an investment banker's home is the office.

I work in IB myself. However, I decided not to work for a BB IB because of this reason. I wanna get home at normal hours (10-12), have some drinks with friends, see a girl or whatever. Obviously, you cannot be very successful (business-wise) if work 9-5 only but if you go home after 12 on average, I don't think that you will be successful in the long term either.

great insights.

 
all_in:
it all depends on the attitude. I know a guy. he own a commodity recycling company. he starts working at like 6-7 and goes home at 3,4. he's probably making a few mil a year. When I was working for a BB investment bank no one left before 12. No one even discussed about it. you just didn't want to leave before 12 o'clock. I left at 3 am in average. One day, commodity recycling guy asked me what I we were doing the whole time. He couldn't believe that we had to work until 3am. I just told him the truth. A lot of research, powerpoint stuff, excel shit and so on. So he asked me, why they didn't just hired more ppl. The actual reason is pretty obvious. However, what I am trying to say is that it is the attitude per se. Seniors that had worked that amount of hours expect from analysts and associates that they work as much as they did when they started. Analysts that are going to become directors one day will have the same attitude. When I worked on a project for a PE firm, there was this ex-investment banking dude who called us at like 3 am and requested some materials for a meeting at 9 am in the morning and end of discussion.

The tech industry is very different. People work a very hard, accurate and efficiently. However, these folks know when the marginal rate of effciency crosses the line and its time to go home and sleep. Further, I think that once they get home they continue working. They keep thinking about how to improve things, how to solve certain problems. I've never met an investment banker who told me that he was thinking about solving some problems once he got home. an investment banker's home is the office.

I work in IB myself. However, I decided not to work for a BB IB because of this reason. I wanna get home at normal hours (10-12), have some drinks with friends, see a girl or whatever. Obviously, you cannot be very successful (business-wise) if work 9-5 only but if you go home after 12 on average, I don't think that you will be successful in the long term either.

I would probably murder the entire floor if I was expected to work to 3AM doing mundane crap like that.

 

It really varies at my bank. People that are on pitches or deals are working typically hours (til midnight or so).

But the people who are just on general marketing stuff (BS to fill time because there aren't enough deals to go around) are bouncing around 6pm.

My group really doesn't care about face time though - if you don't have anything to do, go home.

I do have a buddy that has to stay til 10pm just surfing the net, even if he has nothing to do...

  • Capt K
- Capt K - "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
 

It comes and goes. Rarely leave before midnight these days, but things should be getting better as I had a number of substantial deadlines converge in the same week. Most of my co-workers are in the same boat, with a few who are less staffed up leaving between 6 and 10. Our schedules all run completely independently depending on which phases our deals are on.

~~~~~~~~~~~ CompBanker

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 

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