1st Year Analyst Vacation

Hey guys,

I am going to be starting as a first year analyst at an Investment Bank in Chicago and was wondering what vacation time would be like. I was told to not really expect a full weekend off the first year, but I am more wondering about major/national holidays (Christmas time, New Years, Memorial Day, 4th of July, etc..). Should I expect to have a few days off or will I most likely still be working a few hours a day? Any advice would be awesome as well as some personal experiences. Thanks!

3 Comments
 

You can probably expect to get some time off during long weekends/holidays and can plan a weekend trip or two. I've taken off a week from Christmas-New Year's and other smaller breaks after deals closed. Most senior bankers and clients will be taking time off then anyways so work should be light on at least a few of those holidays. There's a chance something pops up that forces last-minute cancellation, but most banks will reimburse those costs. Worst case scenario you have to bring a laptop and log in a few hours in the morning/night. In general, banks have gotten better about giving junior people some flexibility in effort to retain talent.

 
Best Response

Quo voluptate dolores molestias debitis voluptas. Ut quae aliquid nam necessitatibus. Corporis et rerum sit quod voluptas perspiciatis fugit amet. Quam expedita enim nemo qui totam provident.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 01 98.3%
  • BMO Capital Markets 13 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $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
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
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...”