Depends on bank, group, etc. etc.

That's like asking "how many cars do you see everytime you drive somewhere." Depends on a lot of factors.

If you would like to rephrase your question to target a specific bank, group, and location (asia, nyc, SF, etc.) then it'd be easier to answer your question.

 

Dress varies place to place but as a general rule it's more formal than US. Most people will wear ties every day and suits; some places have casual friday. Also most shirts here are 'french cuff' I think it's called in the states.

Associates in my team might travel once or twice a month; it really depends on how many deals your team does and geographic location. Pharma for example always seem to be heading off to switzerland whereas the FIG team never leave London.

 

Very little travel for most CF positions. Those that have direct reports, or businesses that they are responsible for that are outside of the general metropolitan area will likely travel to these locations semi-regularly, but not on a weekly basis.

 

A lot of the travel I did was mainly for a day or so at local manufacturing plants in the State that provided parts for Boeing. I did have the opportunity to fly out to LA for a few days to meet up with one of our suppliers and do a price negotiation there so I did get to go fly outside as well. I knew a lot of full time analysts that traveled all over the place (Poland, Italy, Japan, etc.). Boeing has a big supplier relationship with Japan and Italy so travel to Japan and Italy for a lot of full time analysts was not uncommon

Typically I would imagine if your working for manufacturing/automotive company like Boeing or Ford your opportunities for traveling in FP&A/CorpFin would be greater than any other industry.

 

I work in FP&A for a consumer product company, and there is zero travel for anyone in finance or accounting. In general in CorpFin I would think that there is close to zero travel, and close to zero interaction with external partners from other companies. Unless of course, you had some sort of strategic/m&a role then things might be different.

 

If you are in a middle market bank like I am, you will never get to travel at all. I traveled once to a kick off meeting in Iowa, I was on standby for all legs of the trip. I was stranded in O'hare pretty much all day, and to be honest, I wasn't even needed that much.

That also happened to be the day I turned 23, so I charged a huge meal at the airport to my corporate AMEX, I figure I deserved it.

Traveling isn't that glorious, just so you know.

 

Traveling fucks your whole routine (add jet lag on top of pre-existing sleep deprivation) and deprives you of any free time you might have had (ie. tivo'd episode of Entourage before you pass out). Not to mention a lot of the trips I've been put on have been on the tail end of an all-nighter (ex. we need these by the 8 AM flight tomorrow).

 

out in asia, since pretty much all trips are international, esp if you're in HK, we all fly business class everywhere...i haven't flown anywhere on economy... i travel maybe once or twice a month...my ED and MD are traveling abt half the time...

 

So if you are working out of Hong Kong....Do analysts travel quite a bit ? I assume a lot of the travel is to China, Taiwan, Korea, Singapore, India etc

So all international travel is business class ? What about when you are traveling for training to NY or London ?

 

i'm in structured finance...i'd say for IB industry coverage, the travel would be a bit more, esp at the senior levels...i sit next to the FIG guys and their seniors are gone prob 3/4 of the time...and measuring travel by "times per..." is misleading...u can be stuck for a couple weeks in one location...i'd say most seniors are out at least half the time...for juniors, it's a little more unpredictable...so far this year, i've been on 6 trips in china, korea, india, & indonesia..

and yeah, ED is executive director...

 

As an analyst in IBD at BB...when you are based out of Hong Kong and travel to countries like China, Korea, Taiwan, Indonesia and India for a deal...Is it just for meetings ? Or are you required to stay and work out of the local office in the above mentioned countries for a few weeks ..while the deal is being processed ?

 

my firm only lets you fly first class if it's international travel or if its coast to coast in the US. i've heard of some other BB firms that have the same policy.

 
ThaVanBurenBoyz:
Depends on the firm. At smaller shops, yes. For example, I attend pretty much every meeting/event that my MDs do. This includes visiting client sites. Others should correct me if I'm wrong, but this isn't the case for analysts at BBs.

It's true at a small shop you go to all the meetings, etc. However, most of those are located right down the street and so, as an analyst, you're still in the office about 98% of the time.

 
Best Response

I worked at a MM shop that wasn't in a major city and I traveled a fair amount. I had one month where I traveled about 15 days, but the typical travel was 1-3 days every three weeks.

You'll quickly learn that traveling as an analyst is NOT fun. The reason it is not fun is because you are responsible for everything (all logistics) and if anything goes wrong everyone goes nuts on you, even if it isn't your fault. On top of that, your other job responsibilities do not stop. This means you're often working very late into the night from your hotel room using an extremely crappy internet connection trying to produce work product on just 1 monitor. You also have to use the hotel printer which prints 1 page a freakin' hour, which is also incredibly painful and a huge waste of time.

In summary, traveling is a ton of fun and I love it, but just not as an IB analyst.

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

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