Curious to hear everyone's team dynamic when it comes to WFH policies.
Been in NYC for >6 months and am considering moving further away from the city if I don't have to commute each day to work next year. Ideally would love to work fully virtual but open to 2-3 day policies.
Any juniors working 2 days in the office or even fully virtual? Some seniors at my firm are completely remote but unsure what other junior analysts are doing (outside a small sample size)
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You are better off finding analysts who are remote-friendly. If I were to run my franchise certain way, I will override any bank policy that conflicts with that.
It’s funny because a lot of groups will have 1-2 analysts located in India who are fully remote, I’m guessing those guys are getting paid materially less?
These are usually not even employees of the firm, if what I have seen is typical of the whole Street. At least in public accounting the India teams literally work for the same company.
This is correct. India team is subcontracted and one subcontracted firm can have multiple bank clients. Obviously there is strict compliance around employees who work for different banks.
I've got to agree with Dick here - the variation within equity research departments is likely far wider than the difference between them.
Any advice for finding the virtual-friendly teams?
Guess it would just be to network and investigate around. Know the banks aren’t exactly promoting the remote lifestyle, it’s more of a reluctance to let the seniors do it and keep it hush hush
That's how I think about it.
I feel like this is much easier for a lateral than for a truly new hire. If you have a friend in the department you are looking to join, you could have them ask around covertly...
Yea I have interviewed with an analyst whos associates are scattered across the country. Piper Sandler and Cowen have alot of analysts who work this way
Melius Research if you're interested in Industrials. NYC for 1-2 years then wherever you want
I interviewed for a team that could be remote if I wanted. Senior analyst was based in SF, one associate was in Boston and another in New York, the whole team was based in SF but everyone spread out after COVID and they decided to keep it that way.
I'm in the same boat. Tough to justify to my fiancé that it's worth staying in NYC when I only see my colleagues at most once a week (and my Analyst is fully remote, so only see him 2-4x a year). Charlotte seems like a possible option (WF/BoA, even though most those analysts are in the north east, I believe)
Just bothers me that this job can be done completely virtual. Would save mad bread by living outside of NYC.
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