Curious to hear what banks have stated "protected Saturday" policies and of these that do, how often they go enforced during normal times. Have heard good things about MMs like Baird having true protected Saturdays, but want to hear about NY BBs specifically
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I'm actually surprised by this. From what I've heard HL healthcare is a sweaty group.
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Lol I refuse to believe in this shit. It sounds great to market to potential employees but are we really not going to work on Saturday if we have a massive pitch on Monday? Or are we just going to royally fuck Sunday up?
As a disclaimer, my bank doesn't have them, the firm has asked juniors to vote on it multiple times and it never passes because we would rather manage that ourselves.
Credit Suisse has protected Saturdays.
Have heard from a few different people at places with 'protected' days that it usually just means you still often have to work but just aren't expected/supposed to come into the office. Obviously management loves saying protected Saturdays but as soon as there's something big going on analysts will still have work to do over the weekend, and telling your MD that you didn't finish the model because of a protected day will not go over well.
Seniors have to request the staffer for Saturday exceptions and they ahve to be granted before Friday noon.
This is what happens from friends but I do not work at such a bank.
I know people are cynical about this but in my experience the policy has actually helped. Obviously an analyst can't say "lol nope, protected Saturday bro" when an MD asks them to work but generally speaking it seems like people are pretty respectful of Saturdays (even at banks with no formal policy like MS). To be clear, all this means is most of that work has shifted to Sunday, but being able to count on Saturday being clear absent a live deal makes life much more tolerable.
JPM has a pencil down policy from Friday 7 pm until Saturday noon in EMEA, which is pretty nice.
Their Pencils Down policy extends to the US as well, AFAIK.
Even during my busiest of deals we would generally leave Friday around 8-830pm (if you weren’t busy you could go pretty early on Fridays as the senior guys empty out by 4-5pm), then come in around noon on Saturday and work until late night. Same on Sunday. I feel like this policy was made with that in mind, knowing it wouldn’t really change any practical behavior.
BoA has protected Saturdays. Manager has request approval from HR to approve any essential work to be done on Saturdays.
Well that’s new - where is this? Definitely not EMEA
Info on Citi protected Saturdays?
all days matter!
Citi corporate is pretty strict with nobody in office between Friday 10pm and Sunday 10am, need MD permission to break this. Enforcement depends on group.
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