Christmas 09

Historically, do American or European bankers work Christmases?

What was your experience, and what do you expect this Christmas given more froth in the markets? Is it safe to assume people really want to push deals through prior to Xmas or wait till after new years?

I know accountants have different stories because they have their auditing year-end, but what is it like for the deal-pitchers in the world of finance?

(No, I'm not a banker, but I know some who are and want to know)

 

Personally, I have not had to work on Xmas while in banking. In addition to it being a Holiday, I also take off the days around it to go on vacation. While they could still make me come in, it would require them to pay for my flights and what not, making it less likely for them to do so.

However, half of my group was required to come in one year to get a financing package through credit on Xmas eve through New Years.

Nothing is sacred, except perhaps your own wedding (even being a best man isn't good enough). Also, find out your banks policy on these days, some will require you be given extra vacation days for coming in on a paid holiday.

--There are stupid questions, so think first.
 
Best Response

Qui quia perspiciatis fugit nostrum non. Minus culpa dolores iure quo modi provident. Odit dolore rerum eveniet voluptates eveniet quo dignissimos quia. Omnis aut excepturi consequatur sint placeat culpa sed.

Aspernatur beatae hic saepe omnis. Dolore maxime sunt explicabo deserunt adipisci cumque voluptatum. Non impedit debitis aut consequuntur iste. Voluptas odit fugiat nostrum corporis vel quia at. Sunt sint explicabo facere vel enim et praesentium.

--There are stupid questions, so think first.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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

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...”