Working hours in London
Hello, Interested in the working hours in ER within London for analysts/associates (both during and outside of earnings period). Heard some rumours that analysts (1st year out of uni) get into the office at 6:30 while getting out at 7 pm, while other people told me the start is later. Anyone got any insight into this? Thanks!
Team-, seniority/role-, and bank-dependent but 7-7 is a pretty good baseline, I know juniors who work less and more than this. A couple weekends a quarter is a good baseline, though I know many juniors who never work weekends.
Earnings is again team dependent. Some teams basically are never not doing earnings because their companies report sporadically. Some teams have 2 weeks of 2-3 stocks a day (sometimes up to 5 a day) and then 2ish weeks where it's more sporadic. As a junior you're probably not handling ALL of that but it adds general stress to the team. Because 99% of European companies report in the morning, earnings just serves to add hours to your morning. How many hours that is depends on how early the first company reports. Some companies report at 5am. Which means being in (or at home and awake) by 4:30am. Most UK/continental companies report around 6-7 tho tbh. You can do the maths here.
A1 at american BB. 60-65h/week. Some additional reading on weekends to ramp up fast on the sector. Earnings season are long days, precisely when you have companies reporting early morning and postmarket on the same day. Hours get worst as you approach associate level as getting coverage will likely mean pulling more hours but workflow will keep flowing as usual.
12 hours a day is about right from talking to friends in ER, with more in earnings (14hr+ and very full on intense day when multiple companies reporting). I'd personally rather do IBD given ER work-life balance is not that much better and IBD has much better exits and comp with the industry not stagnating due to Mifid II, however am looking at consulting/s&t given not keen on the hours in either IBD or ER.
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