Corporate Banking Lifestyle During the COVID-19 Pandemic
Interested in hearing how your lifestyle has changed since the Pandemic started. Will be working in a CIB coverage group come July on the Portfolio side and want to hear your experiences since COVID-19 has started.
Analysts at my bank have talked about their hours increasing up to the low 70s on the high and having to work on the weekends now, whereas beforehand they never worked weekends and typically worked 9-8 across the week. What have your experiences been like and is it beginning to match a lower level IB intensity? And how have bonuses been affected because of the pandemic? Thanks!
Still not close to IB hours to me, but definitely worse than it has been. I’m a coverage banker though, not portfolio so my hours have been less than the portfolio guys.
I’ve had to work a couple of days on weekends so far in 2021 but my workload has been very, very manageable, especially compared to IB.
Amazing. I have a few questions for you as you're slowly becoming senior in CB based on your title. Is your bank doing anything to ease the strain on WFH i.e. expensed dinners? What tasks are you dealing with as an associate, and have you began to take client leads with your senior bankers?
Can confirm if your CB clients are sponsor backed, hours have been comparable to IB.
Man that's tough... have heard from junior bankers doing CB at Citi are getting absolutely destroyed with hours comparable to IB.
have heard the same re: Citi
can't imagine working the same 80-90hrs and making 110-120k
Aren't Citi first year analyst bonuses around 50-60k for IB? Or are they higher now?
i'm referring to CB
for IB yeah 50-70k sounds right
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