Currently an IB SA at a top BB. Also in a group with strong deal flow. I've been working 80+ hrs in office, same for my analysts. Not terrible, but not ideal. Was networking with other interns at smaller banks (Nomura, Mizuho) and they're pushing 60 hrs a week, and barely staffed on anything. I can see the difference in experience we'll get but don't ever see myself pursuing MF PE or HF. Can see myself being a career banker in the right situation. Wondering if it's worth stressing at a BB for 2 years, compared to chilling at a smaller bank with a decent reputation.
What have your SA hours been? Are there FT analysts at sub 80 hours a week?
Had mostly 60ish hours in my SA stint at a BB last year. Ended up moving away from IB to trading just because I liked markets more, but the FTs were usually 70-80 unless there was a big deal going on
Was it difficult switching to trading and what skill set does a trader need?
I noticed during my internship that some banks were limiting the no. of deals and the hours the interns worked every week. My bank staffed our interns on say 4-5 deals on avg. (most of which were live) and I know at another BB their interns were on 1-2 deals and barely doing anything. Thus, it might be a fallacy to see how much interns at other banks worked you know.
Also, a lot of time is spent on moonshot pitches or "biz. dev" that never goes anywhere at a lot of those international banks - so as an analyst you are still likely putting in a lot of hours, except now you'll barely get any meaningful deal flow. just my 2 cents.
Yes, the majority of IB analysts (even at BB/EB) average fewer than 80 hrs a week. If I were you I wouldn't be inclined to put up with that - you need to really value the step up in experience/prestige for it to be worth it
Laudantium fuga qui et fugit animi voluptas et ipsam. Ducimus consequuntur quam ut dignissimos nihil omnis accusamus. Perspiciatis occaecati dolorem tempore aut quod quisquam. Eaque tempora iusto saepe fuga voluptatem facere.
Pariatur cumque molestias ex tenetur suscipit. Dolores veritatis alias provident beatae quia. Perferendis quaerat ut vitae nisi animi. Dolore quas ut aspernatur ab maiores. Asperiores enim consequuntur iure at ducimus.
Alias impedit magnam incidunt rerum molestias aspernatur voluptas ut. Architecto ea necessitatibus iusto et molestiae. Aliquid molestiae earum porro maiores odio.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...