I know the vast majority of banks are back in office or have set RTO dates, but wondering what flexibility everyone is experiencing, or what their firm has announced, between being in-office vs remote day options permanently or longer term.RayJay is 3 in-office / 2 remote, currently.
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WF is minimum of 4 days in office.
Bump - curious about HL, JEF etc if anyone has info?
Jeff is group dependent, but mostly 3-4 days in office for most
Any idea which groups there arent hybrid and ask for 5 days in office
HL NYC is 3 days in office/2 wfh
OP, can you tell us a little more about the RJ policy?
Is that group dependent or for all of IBD? And how long will that model last?I interned in the tech group last year but at that time it was 100% WFH
IBD, but group dependent and revisiting policy this Fall. Most groups seem to prefer flexibility.
For the in-office days, do they let you leave at a certain time and continue working from home?
Anybody know about JPM?
Most in 4-5 days a week, group dependent
Do you know anything bout the private banking side? are they in office most days too? would really suck to have to be in office almost everyday...
My bank (BB) varies by group. Officially it’s 4 days in the office in NYC, but it’s not being enforced and people are being flexible. There’s even some senior bankers that are fully remote since the pandemic and only come to the office every now and then for meetings.
Gugg’s official policy is 4 days in and 1 WFH.
Some groups don’t come in as often as that though.
Have heard some banks allow you to leave office and wfh from 6pm onwards on the days that you do need to be in office? Is this true for only a select few banks or slowly starting to become the norm across most banks?
If this becomes the new norm I will be so freaking happy. WLB / facetime is what I’m most anxious about as an incoming analyst
My BB is like this in a majority of the groups. In office 3 days per week with most of the bullpen WFH after 6-7pm. Some outlier groups but seems to be generally supported by senior management. I do miss the late night camaraderie at times when everyone puts in a big seamless order, shooting the shit, get some music going, throwing footballs around, but that’s fleeting and I definitely prefer the WLB instead of a few good late nights
Ive been going to the office 3 times a week and most of my team leaves after 6pm unless we have a lot to do.
There’s also flexibility in terms of what time we can go. I’ve gone in 9-11am depending on whether i have meetings in the morning.
What are banks doing with juniors that are still unvaccinated? Are they being allowed in with this mandatory RTO or are they still forced to work remotely?
Telling them to grow up and get it or show themselves the door. No patience for that nonsense by this point. Have seen some senior bankers let go over it already after a lot of teeth gnashing, JBs dont have a chance
Yes, because the vaccine is super effective at preventing the transmission of COVID. Lord knows how many junior bankers (read: 22 year olds) will die from not following Pfizer’s vaccine campaign.
Any word on MS?
Another 3 days in 2 out checking in...the one thing people are missing is what time though you are leaving on those in days to go back and WFH...big difference between everyone heading out around 6pm or dinner time versus doing the whole dinner order and stay till midnight nonsense...
For your 3 in office days, which one is it for you?
I am an incoming AN and praying that we’ll get to leave around 6pm and continue WFH..
You are coming in with the wrong mentality. I’m all in for WFH, but your first year should be all about learning and soaking in whatever you can from the bullpen. You and all your class will be better off and stronger if you all stay until midnight every night, learning from each other. It’s not about facetime, it’s about actual learning.
You’d be better off if some AN2 also stay late, but for those guys there’s little learning and some already have exit offers so less incentive to stay late.
My advice is to try to coordinate with your class so you all work late.
I’ve been 10 years in this industry (title above is old), and recent analyst/associate classes are very weak despite all the deal flow in 2021. I’ve actually been surprised to see some very weak analysts leaving at 6-7pm to continue working from home when their deliverables are full of mistakes and can’t help but think that they are having a beer with the TV while doing some work. No printer to print your model and check it with pen/paper and tick through the deck (the way I did it when got started), no colleagues to show them your deck and ask them if they can flip and find formatting mistakes or typos (I did that with my class), etc. No surprise product quality is shit.
Same applied to incoming MBA associates.
GS person told me they don't have to be there Fridays and maybe Thursdays.
Update: Daddy D-Sol said everyone has to come back.
Thanks for passing along. GS has such an old school mentality. Inevitable their approach will fail horribly - might not be immediate, but ultimately they will be forced to raise or move to inflated wages to attract/retain talent from competitors that are flexible, and they will pay for unused office space throughout. When you're proven successful and working your ass off and among the best at what you do - if you're offered remote wherever/whenever you want vs expected to make the same 5-6 day commute to the same office with the same pay at both, I'd bet 4/5 choose the former. And when you hit a certain comp and discretionary income increases, it becomes even harder to justify that extra money vs WLB.
Work at a boutique and VP and below are on a rotating schedule of 3 days in the office. Everyone else is permanent remote. I think other boutiques are doing the same to attract talent.
PJT also WFH F-M, and most people leave around 6. Talked to HR though and they mentioned they are trying to push for full RTO with no hybrid model in the coming years and that we shouldn't expect this to be permanent.
What would be the issue about 1 day/wk WFH? What is wrong with these people?
FT Partners has a 7 day/week in office policy. Luckily, you are allowed to wfh on federal holidays like Christmas and Fourth of July. It’s all about balance
"It's all about balance." Lmao
lmfao too good
UBS is 3 days in office / 2 days remote
When in office, folks head out ~6 and then WFH
I can see myself in the role for a lot longer with this kind of flexibility
My bb has a 3 day in-office policy. We WFH on Wednesday and Friday - they purposely don’t give 4 day WFH in a row so that people don’t travel.
What's the office situation at credit suisse
Ff
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