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Based on the most helpful WSO content, here’s what you need to know:

  1. Culture: Culture can vary significantly depending on the group and leadership. For example, some groups like BofA FIG have seen improvements in junior culture, with protected Saturdays and hybrid policies. However, other groups, such as HL LA, have been noted for tough cultures, though there have been efforts to improve post-COVID.

  2. Hours: Investment banking hours are generally demanding, but they differ by group and location. For instance, BofA Houston reports 60-75 hours per week with a better work-life balance compared to NYC. On the other hand, groups like Houlihan Lokey RX can push 120-hour weeks due to high deal flow.

  3. Deal Flow: Deal flow is often a tradeoff with hours and culture. High deal flow groups like Houlihan Lokey RX or Citi LatAm tend to have longer hours and more stress. Conversely, groups with less deal flow may offer better hours but fewer exit opportunities.

If you’re considering WF HC, Industrials, or M&A, it’s essential to weigh these factors and reach out to current or former analysts for specific insights into those groups.

Sources: Investment Banking Hours - What to Expect?, PWP NY Groups, Credit Suisse, Barclays, and Jefferies Healthcare, Investment Banking Hours - What to Expect?, Worst hours on Wall Street? (NYC)

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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