13 Comments
 

Based on the most helpful WSO content, here are some insights regarding work-life balance in investment banking groups:

  1. General Insights on Work-Life Balance in IB:

    • DCM (Debt Capital Markets) and Public Finance are often mentioned as having better hours compared to other groups. These groups might be more aligned with your preference for working 60-80 hours a week rather than 80-100 hours.
    • JPMorgan has implemented policies like the ‘pencils down’ policy, where work stops between Friday at 7pm and Saturday at noon, and one protected weekend per month. However, adherence to these policies can vary by group and individual team culture.
  2. Group-Specific Culture:

    • The work-life balance can significantly depend on the specific group’s culture and the senior people within the team. Groups with thoughtful and well-planned management tend to have better work-life balance.
    • Some groups enforce protected Saturdays and an 80-hour week policy for junior bankers, which can help in maintaining a slight degree of predictability and balance.
  3. Industry Trends:

    • There has been a focus within the industry to improve junior work/life balance, especially led by bulge bracket banks like JPMorgan. However, the effectiveness of these initiatives can vary.
  4. Personal Experiences:

    • Some users have reported that their offices enforce weekend protection policies well, and they do not see deals falling apart because of these policies. This suggests that certain groups within banks like JPMorgan might offer a more balanced work environment.

In summary, while specific group recommendations at JPMorgan are not detailed in the knowledge base, DCM and Public Finance are generally known for better hours. Additionally, the overall culture and management within the group play a crucial role in determining work-life balance.

Sources: Work/Life Balance - Hours, https://www.wallstreetoasis.com/forum/investment-banking/has-ib-worklife-balance-changed-in-2019?customgpt=1, Has IB Work/Life Balance Changed in 2019?, Protected Saturdays?, The Truth about "Hours" at the Analyst Level

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thanks for the info. which groups would you recommend instead then for incoming SAs?

 

just what i was looking for - thanks! i've heard that sponsors doesn't hold the pen though, so i wasn't sure if the modeling experience would be sufficient. thoughts?

 

Know a decent amount of people who have worked there. Remember that you’re at a BB and will work in most groups a lot, and given the groups are large, can be very dependent on the sub-groups you are in (apparently FIG you get staffed in one sub-segment?). I’ve heard ECM, DCM are fairly good in terms of hours and culture, that being said are harder to exit to HF/PE if that’s your thing. Sponsors I’ve heard isn’t too bad either, but it’s a smaller group so can ramp up quickly if things heat up. Those are the top 3 in terms of hours I’ve heard. Would stay clear of M&A, HC and M&C from what I’ve heard, if you want better WLB (relatively, of course).

Hope this helps.

 

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