WLB at a top MM (C/M) and top SM HF?
Let's imagine you join a pod like C/M. What kind of hours are you putting in as an analyst/associate, senior analyst, then PM? And then on the other hand, for anyone that knows about top SM HF's, what is their WLB like? What kind of hours are they putting in as an analyst, senior analyst, partner, etc?
My understanding is that since these positions pretty much revolve around market hours, you aren't working as much as you do in IB/PE. I have heard that many people will work from 7am-6-7pm. That being said, I am aware that the stress level is significantly higher due to the nature of hedge funds. I also think a lot of this is dependent on your PM.
Been many posts about this already. My hours were much worse than 7-7 when I was at a top team at c/m/p. Should expect to work Sundays as a baseline. People don't join pods for the wlb.
Are hours like this if it isn’t a top team? Also what’s much worse? 7-10 + full Sunday?
It’s team dependent. Some PMs get in at 6am (you don’t have to be in before then), some 8:30. Some leave 4pm or earlier ime, some leave 7:30pm. Few work in office Sundays, most don’t
I think my team worked more than the average pod. PM came in at 6:30a and left around 7-8p so my hours on the desk were ~1-1.5 hr more than that. During earnings it gets worse and basically banking hours but with earlier start and finish. Sundays about half at home half in office but team all green on IB. I did see people from other teams working similar / more hours than me so I don't think Im too much of an outlier but think majority work less
Thanks for sharing. Do you know ppl at SM hfs? If so, how do their hours differ from yours?
Exact same hours. There’s really no difference. This job is to cover stocks, make recommendations to your PM or in your sleeve, and monetize them/make money. If you can do that by getting in at 9am and leaving at 4pm, no one will ever say anything to you. If that means showing up at 5am, then show up at 5am because that’s what it might take for you. I can promise you, no matter what time you show up, if you lose $ and can’t build a process that works, you won’t make it - single manager or pod. Doesn’t matter.
My 2c is generally SM hours/ WLB are better but it depends and you need to DD the specific PM/fund culture. I.e. if you join Anomaly / Candlestick you are working same if not more than you are at a top pod
bump -- expecting people to say it's variable
How does it differ between equities/macro/quant?
My impression is that equities work the most
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