JPM 80-Hour Cap for IB-Actually Enforced?
Senior HS here been reading about JPM’s 80-hour/week “cap” for investment banking analysts. Want to know if that’s actually enforced or just PR for headlines.
For people who’ve worked or interned there recently-especially in IB:
Are staffers actually stopping people at 80, or are people still grinding 90-120?
Is it enforced across all groups or just a few (TMT, LevFin, etc.)?
Is it any different in NYC vs regional offices (Chicago, SF, Houston, etc.)?
Compared to GS/MS/BofA is JPM really better hours-wise, or is it the same grind?
Appreciate any insights.Thanks in advance.
Lol
Per my buddy at JPM - the 80hrs/wk cap is enforced... However, they are told to BS their time sheet to be below 80hrs/wk while they are actually working more like 95hrs
Yeah sounds like JPM, thanks for the reply.
Sounds like jpm? You’re in high school dude
Seriously who is this kid 😭
Just for clarity - this kid is in HS in India trying to larp his way into an industry he’ll never catch a whiff of. Post/comment history is a total joke
Bitch shut your mouth
Yeah, currently at JPM. wouldnt report above 80 unless it truly gets out of hand… heard sometimes if an an associate reports over 80 can lead to questions from higher ups given they are associates vs analysts. at analysts level we are still being worked pretty hard but it is definitely an improvement vs without the rule as seniors are at least more aware
According to friend who works at the bank, it is heavily enforced for interns across the bank, even top groups. She did say M&C doesn’t gaf and some kids have pulled absurd hours this summer.
Heard stories last summer from FTer’s that MBA associates and interns worked on average until 4am - 6am every night until the point of collapse. Sounds miserable.
Not sure where it stands but would say it’s the most toxic group by far at JPM. Interns use to run out of the cafeteria to take a fire drill
assessment.
Let’s just say I’ve worked closely with M&C group… yeah those guys are super sweaty. Heard they hold training for interns past midnight. There are some nice people but heard some of them could be for a lack of better words, “intense” lol
As a banker at a competitor it’s pretty funny that the same firm that wants juniors to stay hazes them. Is this across all groups?
My boy from uni works on the floor and says the interns still get crushed with these assessments and 8-hour training sessions. Couple interns in his group said a large enough group of M&C interns pulled 2 straight all-nighters b/c they didn’t have enough time to do work and the project. Can anyone confirm???
Can shed some light as my roommate was in the group. For lack of better words, he was just happy to finally exit with a pulse. Believe something like 80% of the analyst class quit after one year.
I think we all have the same universal experience being on the product side working with M&C. First time I’ve met a team that laughs on calls after cutting half their intern class lol.
Have watched this play out year after year and nothing changes. The simple solution for interns is to just avoid the group; for FT employees just brace yourself until the deal closes if staffed with the team. There are plenty of groups that offer the same opportunity with a better experience :)
If it makes you feel better, UBS M&T has no deal flow and also works 90-95 hours a week on average!
Sounds toxic…any idea on number of returns this year?
At the firm and overall very high returns minus this group. Mentioned above but cut half the class
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