Rx Hours in WFH
Just curious to hear the experience of Rx analysts/associates in WFH rn. Asking as someone who is about to start FT. Given the number of posts about terrible hours that have been surfacing for months, is it more of the same, worse or better? Please vent.
Look at the markets and ask yourself if there is a lot of distress. Rx bankers have never worked better hours, ever. If you're a junior, it's probably a good thing. If you're senior...
MD in one of my interviews mentioned that in spring/summer they were turning down mandates but now is some of the slowest times. of his career
Do you guys really think the markets (driven by tech) and one MD can paint the picture for Rx? Genuinely curious.
I mean there are 5ish top firms and he is a consistent revenue producer at said firm. Ofc that might not mean analysts WFH experience has changed accordingly, just trying to further the discussion tho...
You’re humble. SB’d.
Yeah i don’t think rx bankers got crushed ALL YEAR. Lenders didn’t get to that point for most situations
I work for a top Rx shop (EVR, HL, MOE, PWP, LAZ), and overall activity has slowed down. A lot of deals have either closed or are in the process of closing within a month or two. That goes without saying that this isn't the case for everyone. I recently have been on a number of pitches, and others in my group are still working around the clock. I've lucked out compared to others, and my work has been very very manageable with little to do on the weekend
2020 was a very busy year. Everyone was working over 90-100 hours consistently, so I don't mind the breather at all. There were weeks of 7-8am to 1-4am for 7 days a week, eating at my desk, high stress and exhaustion - it was miserable
Most senior folks believe and general online reading suggests that there will be an uptick in activity in the second half of the year (more towards Q4). With that assumption, coming in late summer / early fall might be a steady period
Curios to see what other shops are seeing
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