I am trying to figure out how many people are currently able to decide if they want to work remote, in office, or some combination of the two. It would be interesting if a bunch of folks would answer the following questions:
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What is your industry / title (e.g., IBD M&A, Analyst 1)
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How many days are you in office?
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Would you prefer to work remotely more?
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If yes to question 3, how many days would you like to be in the office (or have the option of going into the office for, not saying you are held accountable for hitting that number)?
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Do you feel like you have control over where you work?
Please answer this thread regardless of industry, my only criteria is that you are working FT.
If this thread gets enough traction (~25+ responses) I will summarize the data and publish the findings. Very interested in how many people are satisfied and more importantly, feel like they have control over when they are in the office vs. when they work remote (particularly at the junior level).
What is your industry / title (e.g., IBD M&A, Analyst 1) - Corporate Development, Senior Analyst
How many days are you in office? - 2-3 days. My MD lives 1.5 hrs away and is not willing to travel more
Would you prefer to work remotely more? - I like hybrid
If yes to question 3, how many days would you like to be in the office (or have the option of going into the office for, not saying you are held accountable for hitting that number)? - 2 days, 3 days to chill, do chores and dose off lol
Do you feel like you have control over where you work? Yes
Wow that sounds like the dream, I am jealous af
1. Valuation / Director
2. 0 (fully remote)
3. No
4. n/a
5. Yes
Corporate Finance / 3+ year associate
Technically 2 days in / 3 days remote which I’ve adhered to but others don’t come in except once every couple weeks
I don’t mind it because they feed us on the 2 days we come in, but I’d rather be remote. Just having the flexibility to go for a walk and not have to be in dress pants when it’s 95° outside is nice
I wouldn’t require any days in. It does help being able to see people, but I worked 8-8 today and only spoke to my boss for 15 minutes.
I do feel that I control my schedule. I can come in around 10 on the days I go in and nobody cares, and you can leave whenever. I’m always busy so usually make the effort to grind when I’m in office. I have a coworker who is like a vampire - not uncommon to get emails from him at 4am.
The working 8-8 only to talk to your boss for 15 minutes sums up my existence. If you request that I come in and then we dont interact you, as a boss, fucked up. SMH
Being able to leave at 5pm and finish up any work at home is huge. Feel like this was not an option pre-pandemic.
1. Investment Analyst at a small HF
2. 4 days a week. There's no strict policy but in my line of work it's always interesting to debate pitches/positions/events. Also miss camaderie we have in the office when I'm remote.
3. No
4. n/a
5. Yes
What did you do before the HF position?
S&T
1) tech startup / senior financial analyst
2) 0 (fully remote)
3) nah, i actually miss the office (granted, i want a nice tech office, not how my bank was a dungeon prior to leaving)
4) n/a
5) definitely - can work anywhere in the country i was hired in
1. Tech coverage IB, 2nd year associate
2. Team is in 4 days a week: We're supposed to be in M-Th and WFH F but most people do 3 days at home. I haven't been back to the office for 2 months since we got called back mid-January; no MDs or VPs I actually work with have given me shit for it but our staffer has brought it up in passive-aggressive ways (total pussy, fuck that guy)... My work product is top-shelf and I am available as I would be in office. Occasionally there is some friction if a deal team huddles in a VP's office for a call or to walk through deliverables but I'm a call away so not the end of the world.
3. Yes: I already am self-electing to be remote but I wish the team embraced and acted on it more themselves because the consensus among most seems to be that people wish they could be home without it affecting their reviews/bonuses (TBD if it does mine). Before we actually got called back, I thought going back at least some days would be fun but it's proven to be more hassle than it's worth. I've swung from pro-hybrid to pro-fully remote as a result UNLESS going in actually results in senior interaction that can't be matched from home, but most days seniors are in their offices making their calls and not interacting with folks below the VP level so no difference is actually made. I do enjoy grabbing the occasional lunch or coffee with coworkers but not enough to get up earlier than needed to make it happen.
4. 0 days in office: Unless we're in the thick of a sale process and working with seniors that like to huddle up in person for buyer calls and talk shit with juniors, I see no point in going in. Yeah, I get it, the more you're in the office, the more likely you'll engage with seniors and get pulled into discussions you otherwise wouldn't but I think the benefit of that is overblown by most relative to the cost of going in regularly. I do like the idea of having an office available without mandated attendance but also appreciate that it's an unnecessary and burdensome cost for the firm to take on so not necessary. I'm also at a point where I have a good grasp of my job and some goodwill banked so my cost:benefit will look different than someone else's who may just be starting their career.
5. No: Despite me getting away with it, I know I'm on my staffer's (and I'm sure others') shit-list by not falling in line with the return-to-office mandate. I also realize that someone more adamant about career progression going in daily could lap me on the promotion timeline as a result of having more visibility by seniors or that if we come to head with layoffs, my name may be towards the top all else equal but whatever. I'm an adult that does good work, doesn't miss deadlines, makes an earnest effort to work alongside analysts to help them develop vs. shove work down and send up and I have strong relationships with a handful of our VPs and directors. If the firm wants to toss me out because I'd rather work from the comfort of my home vs. come in every day despite my qualities, then we weren't a good match to begin with and I'll find someplace else to call home.
fucking love this +1 SB
Does your group have interns and new joiners starting soon?
It’s much more challenging for them to learn if you’re remote. Given someone likely helped you when you got your start, do you not feel any obligation to return the favor?
I like this guy. The attitude and everything.
3rd Year Analyst, IB coverage group
How many days are you in office? - 5 days.
Would you prefer to work remotely more? - Yes, fuck this full-time office bullshit, my MD's hate their families so are consistently here past 10pm so there's no leaving at 5-6 and finishing at home
If yes to question 3, how many days would you like to be in the office (or have the option of going into the office for, not saying you are held accountable for hitting that number)? - 3 days in the office 2 remote like everyone fucking else in corporate america now would be a dream come true.
Do you feel like you have control over where you work? - Absolutely Not.
what firm?
Thirty rock
1. IB - A2
2. 3 days
3. Prefer remote
4. I would show go into the office maybe once every other week - would go in more if there was a big deliverable that in-person collaboration was legitimately helpful in expediting
5. Somewhat - I could probably not show up on any given day, but couldn't stop showing up altogether
My answers are affected because I just lateraled to a different bank. If I had stayed at the bank I was at as an analyst, I would feel comfortable in my ability to never show up to the office again. Very rational senior team and I'd built up enough goodwill where they wouldn't get into a stand-off w/ me over whether or not I was in the office
1.) IB An1 at FT Partners ($140k base as an1 btw)
2.) 7 days a week in the office (we get to WFH on federal holidays though, so that's a plus)
3.) Yes
4.) 0 days
5.) No
What is your industry / title (e.g., IBD M&A, Analyst 1) M&A, Associate 2
How many days are you in office? 5 days, although eating dinner at home and working evenings from there is more accepted now
Would you prefer to work remotely more? Yes
If yes to question 3, how many days would you like to be in the office (or have the option of going into the office for, not saying you are held accountable for hitting that number)? 1-2 days a week remote
Do you feel like you have control over where you work? No
Industry / title? Corporate, IR Manager
Days are you in office? 3, Tues-Thurs
Prefer to work remotely more? No
N/A
Do you feel like you have control over where you work? No
My role gives me a lot of face time with our C-Suite, and I would hate to give that up. Really feel like an insider, that being on a first name basis with the CEO and "in the room" for a lot of important discussions will help shepherd my career along. I'm a big believer in looking the part, that what people see is their reality. If I can look and carry myself like a director (or whatever the next level is), it'll help me be considered for that jump. I think those tangible, in-person things can be the difference that helps you beat out someone with more experience. Frankly, I'd prefer to be in the office all 5 days if it weren't for the fact that I live 35 mins/30 miles out.
Senior Director, Corporate Finance
4-5
Yes
Yes, at least at this company, I've maxed out my career path here but likely plan to stay for 1 more year as I have some retention and other 1-time awards vesting within this timeframe. After that, hoping to get a hybrid or fully remote gig
No
1) Corporate Development Manager / Transportation
2) Minimum 3
3) Yes
4) Minimum 1/week is sufficient for the amount of face-to-face discussions that i have
5) Yes, we get to choose 2/3 of the days to be in office and flexibility to be in either office (we have 2)
VP, Commercial Banking
2 Days
Would you prefer to work remotely more? 1-2 days is perfect. Wouldn't mind just 1 day a week...
Wouldn't mind just 1 day a week...
Yes - can always say I have something going on if I don't want to/can't come into the office that given week.
Hey, sorry, not relevant to the topic but can I ask what you roughly make as a VP in commercial banking? Are you on the RM side as well? Been thinking about ditching IB/PE for commercial banking given the lifestyle. Have you seen any move over from IB/PE to commercial banking?
Sure thing. I'm actually on the Credit side of things and make ~$140k ish all-in. LCOL area. < 8 years experience. Not all will make that kind of money in credit only 8 years into commercial banking though.
Personally have not seen people move from IB/PE to Commercial Banking - I'm sure it happens though. Easily can make the transition.
I do have some insight into the RM front - definitely much better pay trajectory. RMs can clear $200K+ and top RMs can clear $400K+ in LCOL area. It isn't exactly a 40hr a week job though - depends on who your clients are (corporates focused vs. lower MM Sponsor focused) and generally, the more you make, the more you work. From what I can tell, a decent chunk of "Work" is networking/attending dinners/events, so not all that bad.
Corporate Finance / Associate (1 year post-MBA)
2-3 days per week.
I'm happy with my current arrangement. Mondays and Fridays are essentially chill, WFH days, so it sort of extends my weekend a little bit. Tuesdays-Thursdays are for getting shit done, and breaking the monotony of WFH.
N/A
To the extent that I can fulfill the requirement of being in the office ~2 times per week, yes. Though, if I were to request a full week of remote work in order to travel and visit family/etc. I doubt I would get much pushback.
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