Travel - How often do you get to travel?
Let's take a poll....how often do you get to travel within your job and how many US based analysts have gotten to travel overseas?
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My office has me going to our London office at least once before then end of '06 and depending on how the rest of this year goes, more in '07, and between 5 and 10 times a year travel to the West Coast office.
Have not traveled for work yet, would like to see people's opinions on whether or not they look forward to traveling for work.
Have traveled a lot of times already. But the most memorized traveling was to Russia). The main advantage was organization of all my wishes completion. And the result was really great for this.
TRAVEL - How much analysts travel for work? (Originally Posted: 08/07/2008)
how much do analysts travel for work....
You will spend the majority of your time in the office. I would say 90% unless you are actively involved in a deal that requires a lot of travel. Associates generally travel more often and attend meetings while analysts are responsible for draft v48 of the pitchbook or model for the meeting.
Analyst travel time (Originally Posted: 12/01/2009)
I was wondering how much 1st year analysts travel.
Depends on bank, group, etc. etc.
That's like asking "how many cars do you see everytime you drive somewhere." Depends on a lot of factors.
If you would like to rephrase your question to target a specific bank, group, and location (asia, nyc, SF, etc.) then it'd be easier to answer your question.
Associate travel (Originally Posted: 01/18/2010)
How much can top BB Y1 associates in London expect to travel? Do they ever get to go on a pitch or does travel mostly kick in during M&A DD phase and closing time?
Also, since we're on the topic of London - any comments on daily dress code?
Dress code - go and see the new sherlock holmes movie. Its pretty much that
your comment adds no value and shows just how ignorant you are about Britain
Dress varies place to place but as a general rule it's more formal than US. Most people will wear ties every day and suits; some places have casual friday. Also most shirts here are 'french cuff' I think it's called in the states.
Associates in my team might travel once or twice a month; it really depends on how many deals your team does and geographic location. Pharma for example always seem to be heading off to switzerland whereas the FIG team never leave London.
thanks jipp18
they wear lots of fruity-coloured thomas pink shirts with gaudy cuff-links and metrosexual hairstyles.
Travel in CF (Originally Posted: 04/11/2015)
Hi guys,
Just wondering how much people in fp&a/treasury/corporate strategy/corporate development travel?
I'd be interested in all of the above.
Thanks.
bump
I can tell you that FP&A will be close to zero, Corp Strat/Corp Dev can vary based on the company - but there is really no reason for an FP&A person to travel unless you are in a satellite office and travel to HQ.
Could you explain what you mean by 'vary based on the company'? What kind of companies would travel more/less? Thanks!
If you are working in corp dev and you have to visit acquisition targets in other geographies you will likely travel around the deal closing for meetings.
Makes sense. Any idea about treasury?
Very minimal in treasury as well. Similar to FP&A.
Very little travel for most CF positions. Those that have direct reports, or businesses that they are responsible for that are outside of the general metropolitan area will likely travel to these locations semi-regularly, but not on a weekly basis.
I believe the only branch of CF that would have any sort of travel would be Internal Audit. FP&A very little to none in my experience but depends at the company. When I was doing a FP&A internship at Boeing I had the opportunity to travel because it involved a lot of pricing negotiations and visiting manufacturing plants.
Cool. Was it just for like a day or did you fly somewhere?
A lot of the travel I did was mainly for a day or so at local manufacturing plants in the State that provided parts for Boeing. I did have the opportunity to fly out to LA for a few days to meet up with one of our suppliers and do a price negotiation there so I did get to go fly outside as well. I knew a lot of full time analysts that traveled all over the place (Poland, Italy, Japan, etc.). Boeing has a big supplier relationship with Japan and Italy so travel to Japan and Italy for a lot of full time analysts was not uncommon
Typically I would imagine if your working for manufacturing/automotive company like Boeing or Ford your opportunities for traveling in FP&A/CorpFin would be greater than any other industry.
I work in FP&A for a consumer product company, and there is zero travel for anyone in finance or accounting. In general in CorpFin I would think that there is close to zero travel, and close to zero interaction with external partners from other companies. Unless of course, you had some sort of strategic/m&a role then things might be different.
Traveling in Ibanking (Originally Posted: 06/04/2007)
Hey guys im pretty new to ibanking and was just wonderin about how often ibankers travel?? as analyst, assoc, vps, or mds?? any help will be greatly appreciated thx!!!
It really depends more or less what group you're in, and what the culture for travel is.
My group: Analyst: 1-3x a month Associate: 2-5x VP: 1-2x a week MD: 2-3x a week
wow the higher ups do travel a lot; and i guess they travel a lot in all groups?? BTW, which group travels the least??? and most??
Just curious ginNtonic...
since it depends so heavily on the group, would you mind telling us what group you're in? Thanks
LevFin.
I agree with everyone else...traveling is over rated. West coast travel is good though since you get to grab some sleep.
If you are in a middle market bank like I am, you will never get to travel at all. I traveled once to a kick off meeting in Iowa, I was on standby for all legs of the trip. I was stranded in O'hare pretty much all day, and to be honest, I wasn't even needed that much.
That also happened to be the day I turned 23, so I charged a huge meal at the airport to my corporate AMEX, I figure I deserved it.
Traveling isn't that glorious, just so you know.
So true. I travel all of the time. Fucking blows.
Traveling fucks your whole routine (add jet lag on top of pre-existing sleep deprivation) and deprives you of any free time you might have had (ie. tivo'd episode of Entourage before you pass out). Not to mention a lot of the trips I've been put on have been on the tail end of an all-nighter (ex. we need these by the 8 AM flight tomorrow).
Do all analysts travel by Business / First class ?
Also...do analysts travel in business class when flying for training, etc ?
Do all analysts travel by Business / First class ?
Also...do analysts travel in business class when flying for training, etc ?
Analyst don't fly first class.
Business class???
No, no and No!
If you get bump-ups, maybe. If you do int'l, probably yes or overnight trips (depends on bank).
Gosh, you're only 22/23.
Some firms fly you first class even as a first year analyst. Work for those firms, it is much nicer.
out in asia, since pretty much all trips are international, esp if you're in HK, we all fly business class everywhere...i haven't flown anywhere on economy... i travel maybe once or twice a month...my ED and MD are traveling abt half the time...
so for your group md traval 3-4 times a month?? wat group and wats ED??
So if you are working out of Hong Kong....Do analysts travel quite a bit ? I assume a lot of the travel is to China, Taiwan, Korea, Singapore, India etc
So all international travel is business class ? What about when you are traveling for training to NY or London ?
ED = Executive Director ?
training flights out of asia to ny or london are business. friends working in asia have been to most the countries around hk as first yr.
I work in a foreign bank in NY and we fly first / business class quite frequently. Any flight longer than 2 hours is first / business class.
i'm in structured finance...i'd say for IB industry coverage, the travel would be a bit more, esp at the senior levels...i sit next to the FIG guys and their seniors are gone prob 3/4 of the time...and measuring travel by "times per..." is misleading...u can be stuck for a couple weeks in one location...i'd say most seniors are out at least half the time...for juniors, it's a little more unpredictable...so far this year, i've been on 6 trips in china, korea, india, & indonesia..
and yeah, ED is executive director...
As an analyst in IBD at BB...when you are based out of Hong Kong and travel to countries like China, Korea, Taiwan, Indonesia and India for a deal...Is it just for meetings ? Or are you required to stay and work out of the local office in the above mentioned countries for a few weeks ..while the deal is being processed ?
my firm only lets you fly first class if it's international travel or if its coast to coast in the US. i've heard of some other BB firms that have the same policy.
at my BB bank for flights over 4 hours only
Analyst travel (Originally Posted: 02/27/2007)
As a 1st year analyst at a BB, will I be traveling much? I hope to travel internationally, how common is this amongst BB 1st years?
For work related purposes, not vacation.
there ain't a chance in hell of much travel as a year 1 analyst...max u may travel for training
There's some here and there. If you prove yourself quickly, a senior may start taking you along. Even at a bulge.
It is possible. I almost travelled in the US as a SA, but then the eeting got postponed
common to travel, but it sucks, you will be usually required to do largely administrative stuff (set up lap-top, manage presentations, etc) and still work from hotel
Agreed, traveling is the worst. You carry all the materials and have to work form the hotel without any of your locally saved macros.
You can expect to travel 1-2 times a month depending on what group you're in and how presentable you are. Travel does suck, except on recruiting. It usually involves red-eyes and drinking red bulls in the Four Seasons at 2am making a due diligence list the night before diligence.
Depends on the firm. I traveled 2-3 times per month for client meetings, roadshows, management presentations etc. My old roommate (at a different firm) didn't travel once during his 1st year. Didn't even go to NJ for meetings...
Once you get going seriously, you'll learn to hate traveling. I sure did.
Do you travel a lot as an IB Analyst? (Originally Posted: 10/08/2010)
I really want to travel in my career but I haven't heard a lot about whether IB Analysts travel. I do not want to do consulting!
Depends on the firm. At smaller shops, yes. For example, I attend pretty much every meeting/event that my MDs do. This includes visiting client sites. Others should correct me if I'm wrong, but this isn't the case for analysts at BBs.
It's true at a small shop you go to all the meetings, etc. However, most of those are located right down the street and so, as an analyst, you're still in the office about 98% of the time.
Travel has been getting tightened for junior people across the street.. one could say this is a leading indicator for earnings..
You deff don't want to work at a Consulting shop.
I worked at a MM shop that wasn't in a major city and I traveled a fair amount. I had one month where I traveled about 15 days, but the typical travel was 1-3 days every three weeks.
You'll quickly learn that traveling as an analyst is NOT fun. The reason it is not fun is because you are responsible for everything (all logistics) and if anything goes wrong everyone goes nuts on you, even if it isn't your fault. On top of that, your other job responsibilities do not stop. This means you're often working very late into the night from your hotel room using an extremely crappy internet connection trying to produce work product on just 1 monitor. You also have to use the hotel printer which prints 1 page a freakin' hour, which is also incredibly painful and a huge waste of time.
In summary, traveling is a ton of fun and I love it, but just not as an IB analyst.
Completely echo CompBanker's comments. I'm an Analyst on the road right now for a sell-side deal and it's not fun at all, I've spent the past two nights working late into the night from my hotel room. As he said while you're on the road you're pretty much a glorified assistant, it's not enjoyable at all and would never jump at the chance to travel.
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