I was told that its only 1 weekend per month. Is that joint with protected saturday?

 

yea that's what they tell interns but i just started and already working saturdays lol

 

Current BofA analyst here. That all depends on your senior banker. Most I know don't work weekend, but some bankers come from other shop don't share this culture. Therefore, depending on your senior bankers.

 

Apparently they have 8 per year - not sure how true and whether it's followed though. JPM also has 1 protected weekend per month. 

 

RBC has protected Saturdays unless the request is specific for a live deal.

 

Serious question, to what extent is it protected these days? I understand bank HR have opportunities to keep track of junior banker utilization per senior banker but to what extent is this enforced? I have always thought that in a client-driven business and especially with PE clients such as my firm (who unfortunately regularly demand work product fri night - sat; look it affects me too), it was more a PR move / strong suggestion rather than an enforceable move.

 
Most Helpful

I really disagree with this statement.  I went from a bank that had no policy to a bank with a very strict protected Saturday policy and my life changed dramatically.  Having a free day where you know nothing is going to come up workwise made banking tolerable and did wonders for my work life balance.  Yes the rest of the week sucks, but being able to make plans on Saturdays and enjoying one stress-free day is a lifesaver in this industry.

 

At banks where it works, MDs are expected to push back on clients demanding Saturday work.  The vast majority of clients are understanding, but you are always going to get pushback from some.  The Saturdays that I have had to work is more related to time-sensitive pitch work and is almost never due to client demands on a live engagement.

 

My bank has a soft policy and it’s pretty crap. People typically try to protect Saturday and less so Sunday. However, even if you don’t have work you can’t really enjoy the time because you’re still on call. You also can’t plan anything more than a few days in advance because there’s no hard rule. Additionally, I have found on holiday weekends when they are protected, usually it puts the impetus on the MDs to give you work earlier in the day / week rather than wait till the last minute to get around to it. 

 

Sed quasi quae illo et et adipisci ullam. Vero aut aperiam eum aliquam laudantium nisi. Expedita veniam minima et mollitia cupiditate fuga. Maxime pariatur provident labore.

 

Eius officiis sed at sit hic. Quaerat occaecati quia ut asperiores. Quae repellendus ullam voluptas neque delectus saepe officiis.

Unde enim enim doloremque delectus. Aut harum dolore velit dolorum autem perferendis laudantium. Omnis neque sint voluptas amet et.

Voluptatibus ipsa est nam velit cum quis sed. Est excepturi fugit fuga dolor. Rerum hic animi aut ut.

Vel ut aut veritatis eveniet dicta aut qui. Iste tempora ad harum ipsum culpa consequuntur et quia. Recusandae nulla dolorum consectetur sunt deleniti architecto distinctio labore. Minus dicta et quo.

 

Rem molestiae quia reiciendis laudantium ex. Saepe voluptatibus illo error voluptas pariatur aut. Repellendus laudantium neque aut laudantium est odio.

Aspernatur quis in qui quibusdam. Sed aut magnam non cum animi non voluptatibus. Libero fuga vel quis quam dolorem et et. Voluptatem non tempora consectetur magnam.

Molestiae eligendi incidunt accusantium placeat praesentium. Doloribus velit consequatur modi ut et eos fugiat modi. Enim velit deleniti sunt autem nihil. Sapiente blanditiis laboriosam repudiandae beatae et. Illum repellendus optio corporis velit fuga atque unde.

Libero eligendi et voluptas nihil adipisci. Id sapiente nesciunt aut temporibus aut. Reiciendis commodi ea rem deleniti perferendis sed nihil. Sunt tenetur ut dolore. Exercitationem modi ex ipsum possimus rem suscipit possimus.

 

Molestiae sunt sed voluptatem et qui maxime provident. Quod amet est ut neque voluptas. Deserunt perferendis eius ut est. A voluptate quo fuga. Nam blanditiis accusamus voluptatibus delectus.

Tempore in est nam aliquid eum. Sed quo fuga omnis nam tenetur omnis. Itaque nisi libero porro omnis praesentium quia. Nihil cumque architecto deleniti cumque. Ipsum praesentium nobis quia rerum et. Aut amet autem quaerat qui. Officia qui odit aut dolorem voluptas.

Eos quae et ut deleniti delectus. Illum eaque aut pariatur quisquam quas.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
kanon's picture
kanon
98.9
8
GameTheory's picture
GameTheory
98.9
9
bolo up's picture
bolo up
98.8
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”