Vacation Time
(Chimp, 11
Points)
on 12/15/06 at 5:45pm
The hours suck day to day, we all know that, but my offers have vacation time stated on them. Will an analyst ever get to take advantage of vacation? How much of it? How do holidays tend to work? It probably depends on the bank, but what is your experience?





and
how many people have off due to christmas / new year's?
my offer doesnt say anything
my offer doesnt say anything about vacations...anyone else?
25 days!
My contract (IBD London) says 25 days, so that's 5 weeks! but do you really use them? or is it state law to give 25 days but it's employers choice to take them or not? How much vacation do you americans have?
If your starting at a BB in
If your starting at a BB in London, only expect to get a handful of those 25 days...
As for US, some local spreadsheet junkie may want to confirm but you get 5 days on the contract and there's a good chance you won't take them all.
At boutiques and MM it depends very much on the culture.
really, just a handfull?
really, just a handfull? feel even more sorry for our american IB-ers and soon-to-be IB-ers.
I'm talking about M&A of
I'm talking about M&A of course, which is the worst activity in IB from a wokring hours / hols point of view.
london vacation
Might be able to take a long wkend here or there--
not much more in IB MA or CF.
Most firms pay you at calender year- end for unused vacation time.
You can use your vacation in London
If your starting at a BB in London, only expect to get a handful of those 25 days...
As for US, some local spreadsheet junkie may want to confirm but you get 5 days on the contract and there's a good chance you won't take them all.
At boutiques and MM it depends very much on the culture.
You will most definitely use a lot of those 25 days in London (a lot more thant in the US). First of all, most banks require you to take 2 consecutive weeks in the Summer 1) so you don't explode 2) so they can check if you are doing anything illegal
additionally, since all bank holidays in the UK are on Mondays, many people take an extra day on a bank holiday weekend to sneak in long weekend (of course subject to not being smack in the middle of a deal).
Finally, you likley get some time around Christmas.
In New York, I have heard people are getting 4 weeks, but are having trouble using much of it
illegal? what is illegal
illegal? what is illegal that you can do behind your desk (sorry not so creative) ?
Thanks for the reply, load of my mind.....
You only need one day off to
You only need one day off to take a long weekend away somewhere. That can be fantastic, and keep you going for another month or two.
I thought the whole 2
I thought the whole 2 consecutive week off thing was just for traders and salespeople so their books could be checked for anything illegal? This applies to banking too?
4 weeks
my jpm offer has 4 weeks vacation on it.
i heard analysts maybe get one week off realistically though.
confirm?
livin large in miami
I'mma ask for two months for
I'mma ask for two months for rest and recuperation. I only hope they don't test me for drugs when I return .....
4 weeks
my jpm offer has 4 weeks as well
so consensus is that you won't use much, but you get paid for unused days?
yep
I'd say that's the case. Some banks in London do offer 20 days (think this is legal minimum on contract) for new starters when others offer 25.
I was able to take most of my hols but know a bunch of people who were well short.
You also hear of others working 200-300 days in a row, but not sure how much truth there is in those claims!
come to s&t
Re: illegal? what is illegal
I also got 4 weeks from JPM.
confirmed
California Law