PWP and Timesheet

Heard from friend that you need to submit a weekly timesheet at Perella Weinberg to the staffer on the projects you are working on each week and the estimated time spent on each. As a result, many analysts don't want to "overbook" their hours and end up killing themselves and go beyond their staffing capacity (ie. 90 hours on paper turns into 120+ hours actually worked).

Anyone else think this is a stupid system?

Also, please confirm that headhunters are completed fended off and analysts do not have access to exit opps. Thanks.

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That's fine. But why would you do it to a class of 6? It is clearly a well schemed mechanism used to create a competitive environment and overwork the analysts (ie. Analyst books 90 hours and actually works 100 hours. Analyst 2 knows that, wants to impress the staffer and books 80 hours but actually works 110).

whateverittakesAt my bank (not PWP), time sheets are used in bigger groups. It's not unique to PWP. And yes, there is a lot of temptation to overbook.
 
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