As a ex MBB consultant (now in RX) I always wondered about this. Interestingly I had some talks with HHs from RX banks (I am in Europe fyi) and got interested when I heard comp packages.
I am just wondering how much worse lifestyle is? From M&A colleauges I heard stories where Sunday can be 10am - Midnight on a regular base depending on the bank and Saturday anything from 3-5h.
However, I am not sure how much of this is LARPING as various banker friends of mine love to exaggerate hours to show how tough they have it.
They are correct.
This is just one data point.
Highly dependent on firm and sector / product team, but my team (top sector coverage team in Mid-tier BB) has roughly weekend work once every two/three weekends.
If need be, Saturday's can be booked from 10am to 4pm. Was exceptional according to my team though (IB Sector head driving the project).
This fluctuates depending on deal workstream tempo (imminent deadlines = RIP weekends) of course.
Base case is you will work 8-12 hours every Sunday. Expect every other saturday to get busy too. The difference between working on Saturday is that usually when you do it is to get ahead of something that needs to be done by Sunday/Monday so you have more control over what time you work. On Sundays people immediately above you are online all day and it will feel like a work from home day but you will be expected to answer emails and messages immediately and to be in front of your computer.
Nam ex optio excepturi tempore. Quam voluptate possimus ratione dignissimos. Autem pariatur voluptatibus eaque minus omnis. Magnam rerum ut tempora et saepe non. Rerum dolore et inventore quam non ipsum. Et doloremque qui molestiae quia.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...