Best Hour Groups on the Street?
What are the best groups on the street, in terms of number of hours and general respect of time by senior bankers?
Any and all input is appreciated!
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anything between BofA bank teller and Moelis LA is considered good hours
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I'm sure this can go either way but some Boutiques (Regional) have solid hours for the pay you get. Obviously below street but still better than 99% of undergrads. Again tho it can go either way lol.
Agree with this, regional boutiques are a good option if you're focused on WLB
Reality is that hours and deal flow are correlated and that any BB/EB group with low deal flow will be under serious pressure, pitch all the time, and/or get some senior talent added which will bring the hours up. I'd look for a mid-ranked group with kind MDs. Pay attention to the VPs - do they have families, or are they all bachelors? This is my litmus test of how much the group takes over your life
Better yet, If your directors or VP take vacation can they actually tap out or are they working the entire time.
Many people can have a family but without seeing the dynamics you don't know how good or bad it is. Where as a vacation is a good gauge. My director is literally scheduling calls during her vacation and said " you just can't get away can you"
Banks with bad deal flow
this lol. There is a fairly linear tradeoff between deaflow and hours, the only marginal difference being the facetime culture of the group. In my opinion, you're better off choosing a group based on how much you like the people, as that's much easier to tease out than the hours of the group from the outside looking in
Can't agree enough with this, I think where BB's lose out is they churn so many people that when it comes to trying to make connections it becomes much harder to ask for favors.
Where as if you have a smaller team at a MM you can maybe actually get a vacation and coordinate your deals together.
Hands down it’s the euro banks. Credit at, rabbo, BNP, soc gen, etc.
These carry seniors that couldn’t hack it at the sweat shops or had no desire too. The juniors are all people who couldn’t get into the big places. When I worked at a euro bank my pay per hour was probably higher than a kkr associate.
Literally those banks are happy to never lead and just get passive titles all day. And the euro are all into life balance stuff. I’m sure some groups there suck, but my experience was a dream. If I didn’t have to leave cause my group blew up, I never would have left.
Generally agree with the exception of maybe lev fin product group. From experience working alongside on of the euro places (Credit Ag, BNP, ING), they obviously look to lend heavy given their credit appetite so they're pretty slammed with decent amount of group turnover which im sure makes things worse. But even then, would say still better WLB than lev fin at the BBs. Also for vaca they actually require you to use most of your vacation time and completely disconnect.
Totally inaccurate. A quick search and you’ll see MDs along with juniors coming from BBs (albeit mid to low tier ) over to euro banks because they want the work life balance and among other things. To say they couldn’t make it in these banks is not true. In fact, if you look at some of the exits from the lev fin team and project finance you’d be surprised how decent they place. I will say the only downfall is they do pay at a discount relative to their peers but I’d rather take the haircut and get 20 vacation days and actually get to use them rather than being crushed constantly.
Source: I work at one of the said banks
Hey, I’m not knocking you because like I said I loved working at the euro bank, but c’mon man. Keep it real.
No one leaves the top banks for the junior tiers. All my seniors at the euro bank share their stories over long trips or late nights in the office. Every single one of them had to leave and come to the junior leagues.
I don’t understand why people can’t be brutally honest over the anonymity of an Internet forum and have to pretend.
This is super true, have seen first hand
Heard Guggenheim Consumer is a 9am - 10pm group - can anyone confirm?
Guggenheim? Lol no way that’s true
Sponsor groups. Sub 70 hours and most weekends. The kicker is they still place really strongly into MF/UMM given all the senior bankers have relationships with the funds.
Second this. In a sponsors group now and we have much better hours than the rest of the groups at my bank. We get to see every industry and every product the bank has to offer - not sure why Sponsors Groups don’t get more love on this site
Agreed. Other people here are mentioning going to European banks and low tier banks for good WLB. Alternatively, you could join a sponsor group at top tier bank and have relative great hours without compromising exit opportunities. The common complaint is you dont learn much in sponsor group because coverage and M&A team take most the work, but a lot of the learning comes from PE prep anyway. Also who cares because the sponsor group placement is really strong.
Why are hours better in sponsors? What are the hours like for associates?
Third this. In Sponsors at an American BB - much better lifestyle than the rest of the bank, same (if not better) exits. LBOs all day baby.
Probably don't get talked about much because we're typically the smallest IB group - we take like 3-4 analysts per year (compared to eg TMT / Industrials which can take 15)
I've heard Rothschild NY is relatively chill, esp compared to LDN/PAR
can anyone expand on culture of different groups at Rothschild ny?
Japanese banks in the US - Nomura, Sumitomo, MUFG
Evercore Houston
Edit: If you know what’s going on and don’t realize this is a joke, I don’t know what to tell ya
Assuming this is a joke. It’s not as sweaty as Jefferies but it’s still a grind house. Decent culture though.
Unbelievably sweaty spot. Very solid deal flow but no reason for hours to be so much longer than similar boutiques in Houston besides Jeff.
Out of curiously which deals have they been on this year? I have heard they are very good for energy but at the same time haven’t seen them on anything big recently.
What’s been going on over there?
elaborate please!
Baird Industrials - Very Life-Friendly
baird, lazard, moelis, Piper jaffray/sandler, harris williams, GS TMT, Houlihan, citi tech
yea why don't you go ahead and add jefferies to this list too?
Sabrett's Hot Dog Stand Division
Pro: Good hours; Con: Mandatory fluency in Arab.
RX shops in a bull market seem to be doing fine
There's always shit companies out there to be fixed
Fake news
Best hours are Moelis and Goldman, they let everyone leave at 5pm everyday for vacation
brown gibbons lang
ecm
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