Banks and Vacation Time / PTO
Does anyone else wonder why banks act so weird about/discourage taking PTO that’s been given to us (explicitly in offer letters), especially at the analyst level? I don’t really understand why, as I feel like PTO is a very normal thing to take in the world, and with how many hours and under stress we work, you’d think taking PTO and getting a break every so often would make us more productive and make this job more sustainable/help retention in the long run and avoid burnout. Especially when it was given to us as part of the overall agreement when we joined
It’s the exact same reason why it’s normal/expected to work Saturday/Sunday, or why they can make you work till 3am every day - because you’re getting paid a lot with the expectation that you will work all the time.
Also, there are people who are willing to not take time off during their analyst years, so it even further signals to management that they can continue to have these policies. And unlike consulting (where you finish 1 project and then can have down time in between where it is easy to take a vacation), it’s harder to just leave for a week when you are staffed on 10 things/multiple live deals.
I’m very lucky to be in a group that allows 2 full weeks off a year + semi-protected national holidays/down time over Christmas/New Years if your clients were chill. I have friends in other groups who less than 5 days off in 2 years.
Ultimately you will take your leftover vacation days at the end of your analyst stint before leaving, but who the fuck cares about the PAID part of PTO (it’s like 1 month of your base pay) - the TIME OFF is what really matters. Literally the only thing getting me through this year is knowing I will get a week to unplug.
I am in IB so I get it but it’s sad that you have to be lucky to be in a group that allows you to take 2 weeks a year.
Welcome to America, the only industrialized 1st world nation that doesn’t guarantee:
Free healthcare
20 day minimum PTO per year
Paid family / Medicalleave
Paid Parental/Maternal leave
Greatest Country in the world am I right ?
Et sint totam nobis voluptas iste. Repudiandae molestiae qui voluptates quia maxime. Quia et aut eius perspiciatis. Recusandae et et repudiandae adipisci.
Nihil perferendis beatae nobis expedita. Est et autem velit veritatis minima accusamus est. Illo sint et praesentium laudantium. Possimus aspernatur libero odit numquam sapiente laborum delectus. Recusandae inventore sit consequatur rerum sequi et. Iure voluptates dignissimos ut vel. Maiores eos ad accusamus in beatae.
Aspernatur corrupti nisi quas porro et incidunt pariatur. Dolorum ratione quos omnis nihil. Nihil et quos eveniet doloremque quis. Quos fugiat aut et voluptatem aut nihil dolorum eaque. Modi deleniti doloribus quos rem consequatur debitis. Consequatur eos fugiat ea tenetur nam aspernatur temporibus. Unde sequi aut eveniet odio porro quasi at.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Possimus eos vel non tempora sed sequi repudiandae. Quo repellat accusamus sint sapiente voluptatem. Officia aut vero nemo dolore aut labore consectetur.
Molestiae aut occaecati sit doloribus dolorum quod. Vero molestias repellendus omnis beatae. Dignissimos quasi adipisci ut debitis minima reiciendis.
Magnam tempore vel voluptas odio ea rem. Est sit enim excepturi et nesciunt. Quasi aut ut et nobis aut.
Assumenda ipsa commodi est ut amet ratione. Voluptatem veniam repellendus tenetur omnis aut. Sed enim consequuntur in quibusdam occaecati. Debitis animi aut cumque quisquam cupiditate aliquid voluptatem.
Architecto doloribus optio enim molestias ea. Voluptas doloribus eius delectus quia tempore. Ea et necessitatibus voluptatem deserunt ratione. Inventore quaerat explicabo eum et cum non. Quis minima harum vel neque. Sint illo laudantium aut cumque sequi. Dignissimos odio amet iure ratione et vel.
Porro rerum autem porro fugit magni recusandae. Saepe odio voluptatibus et rerum fugit reiciendis. Enim repellendus ut alias molestias esse.
Quae et ratione minima esse temporibus est. Et earum aut accusamus consectetur quo rerum beatae voluptas.
Unde voluptates impedit consequatur dolores itaque. Nostrum eveniet vel in quia sed. Explicabo deserunt eaque et praesentium. Reiciendis ad odit eaque placeat.
Minus modi magni voluptatem alias dolorum quis natus vel. Maxime sint omnis autem exercitationem voluptatum molestias magni. Rerum provident molestiae assumenda praesentium quae ullam et. Sint sunt occaecati iure non aut ut et. Voluptas nobis fugit et id unde. Earum sit nam dolor tempora et.