How much non-pto free time in IB/high finance?

Based on the most helpful WSO content, here's what you need to know about free time in investment banking (IB) and high finance:

1. Protected Saturdays and Free Time:

   • Many banks have implemented "protected Saturdays" policies in recent years, especially for junior bankers. These policies aim to provide at least one day off per week, typically Saturday, where you're not expected to work unless you're on a live deal or facing urgent client needs.
   • However, the predictability of these days off can vary. While some banks enforce this policy strictly, others may have exceptions, especially during busy periods. It's not always guaranteed that you'll be completely "offline."

2. Freedom During Protected Time:

   • The level of "freedom" on protected days depends on the culture of the bank and your team. In some cases, you might be able to disconnect entirely, but in others, you may still need to monitor emails or be reachable for emergencies. Going completely out of cell service range might not always be feasible unless explicitly communicated and approved.

3. PTO Usage:

   • Using a single PTO day every month or two is generally acceptable, but it depends on your team's workload and culture. PTO is often reserved for vacations or personal emergencies, so frequent use for "offline" days might raise eyebrows unless you communicate your needs clearly and plan around team schedules.

4. Fitness and Nature in IB:

   • Balancing fitness and nature with the IB lifestyle can be challenging but not impossible. Many junior bankers carve out time for workouts early in the morning or late at night. Depending on your bank's hours, you might have 1-2 hours before work for activities like exercise, but this requires discipline and efficient time management.

5. Senior vs. Junior Levels:

   • Senior bankers generally have more control over their schedules, but they also face client demands and travel obligations. Junior bankers, on the other hand, have less predictability and are often at the mercy of deal timelines.

Tips for Managing Free Time in IB:

• Communicate with Your Team: If you need a full day offline occasionally, discuss this with your team in advance and plan around deadlines.
• Leverage Protected Time: Use protected Saturdays wisely for activities like hiking or fitness, but stay prepared for exceptions.
• Maximize Efficiency: Incorporate fitness into your daily routine, even if it's just a quick workout or walk.
• Choose the Right Bank: Some banks are known for better work-life balance than others. Research and target firms with a reputation for respecting protected time.

While the IB lifestyle is demanding, with careful planning and communication, you can still find ways to prioritize fitness and nature. Just be prepared for some compromises, especially during busy deal cycles.

Sources: What are IB Intern Hours Actually Like????, Bonus Season - Comps, WARNING : Do NOT enter IB (coming from a VP at a BB), IB Summer Analyst WFH Hours, Death from Overwork (Karōshi) in Finance