Investment banking summer analyst hours?

When people talk about 100+ hours, it's not meant to be a 10-week average. It's closer to a 2-3 week average, but there is a very real possibility that you will have weeks like that even as a summer - especially if you're in a leaner boutique with strong deal flow.

Totally depends. In general, the hours should be the same as NY assuming the deal flow is consistent. A lot of West Coast groups do have reputations as being sweatshops with 90+ hours a week pretty consistently expected.

Not sure where you heard that hours in West Coast are comparatively "chill" compared to NYC, but that's false. West Coast is renown for making interns work harder on average. From what I've gathered from my friends working in west coast, you're realistically going to have to work weekends (most likely Saturday's only - hours such as 9 to 5) but again, pretty dependent on how much deal flow you have. If you're working somewhere like Moelis, I would expect more than that.

Good luck! :)

I echo a similar sentiment above, your hours will heavily depend on flow. This is not only based on live deals, but also the amount of client servicing/marketing some of the senior guys will perform during the summer season. People often say the summer is "less busy" in banking -- from my experience this is primarily due to senior guys taking vacation and there being less "busy work" such as introductory meetings (not engagements, just idea books).

Regarding the comparison to NY, I will say that interning at an EB in SF will certainly not be chiller than interning at the NY office (if you are in a healthy group). As I am sure you know already, EBs often get the rep of longer hours and more responsibility at the junior level due to leaner teams (not trying to get into a pissing match with junior BB guys here, just stating a commonly shared idea). This can sometimes be most obvious in regional EB offices, where the teams are even leaner and the junior staff are juggling more work per head than their NY counterparts. The summer interns in these groups are often given a lot of responsibility early on. They may spend a week or two learning under a full-time analyst, but will quickly ramp up after that and will be given as much responsibility as full-time analysts. Obviously, you won't get staffed on a live deal as the only analyst, but you may quickly find yourself working directly with an associate or VP on books. This should come to no surprise to you if you think about the "average" size of regional EB groups. A M&A industry group at a regional EB office may have 4-6 analysts. If roughly half of those analysts are leaving (second years moving on), a group will heavily rely the summers to learn quickly so the full-time analysts (new second years) are not getting killed at work.

To answer your other question, the "protected weekend" policy we have in our group does not apply to summer interns. Furthermore, we have not had an intern that has brought up the policy since we first started it. I highly advise you do not bring it up as an intern for your own use. You have 8-10 weeks to impress your group in order to receive a full-time offer. There are plenty of full-time employees, including myself, that have worked 8-10 weeks straight. If you're on a trial run for an offer, you should be able to do the same.

Feel free to PM me if you have any other questions.

I will address "Paul's" comments sequentially. Starting from 100, I will deduct (or add) points as I see fit. (Inspirational credit: LSO).

1) Is it 10 p.m. or midnight? Make up your mind. - 2. 2) What is "back home?" -5 for not being an NYC native. 3) Everyone knows Bloomberg & Reuters are faster. -2. 4) +3 for being in it for the right reasons ("esteemed brand"). 5) +0 for doing your job ("Excel sheets all day"). 6) Try this one again when head hunters come around. -3. 7) You think about money now? -5. 8) Chelsea Piers. -10. 9) -5 for not applying a multiple ("assessing law school").

Paul, it looks like you scored a 71/100 (C-). Typically, this would be grounds for dismissal. Now get back to work - the economy needs you.

[quote=Financier4Hire]NY Mag today published the annals of a summer intern at Barclays -is the 16/17-hour facetime the norm ? Is it worth it ? The subject in the story seems to think so. He'll be making the same money (and more) then if he went to Harvard Law instead and become a lawyer.

http://nymag.com/daily/intel/2012/09/wall-street-summer-intern-diaries…]

That's some bullshit. Staying until midnight just because you're afraid of being the first one to leave is a total beta move. Ballers aren't afraid to go home at 11 PM.