What bank / group has the BEST WLB?
I would much rather work 70 hours at a mid-tier bank than 90 at a top-tier one. Are there any reputable banks or groups that offer notably fewer hours than is typical?
Theoretically, it is totally possible for a good group to offer better hours (shouldn't necessarily mean shit deal flow):
Imagine a good group hires 20% more analysts and cuts analyst comp by ~17% so that their total spending on analyst wages would be unchanged. Meanwhile, a 20% increase in analysts means each analyst could work ~17% fewer hours per week and the same amount of total weekly work would be achieved. So the group's productivity would remain unchanged and the bank's wage cost would remain unchanged; it would be net neutral for the bank. Analysts would get paid ~17% less (for example, $120k->$100k), but would also work ~17% fewer hours per week (85->71). Personally, this is a trade I'd be happy to make. I don't think it would come at the cost of attracting talent, because many talented junior bankers would probably be glad to sacrifice some comp for better WLB.
bump. I agree with this guy.
The problem is deal flow is extremely high right now. Even what used to be lifestyle banks/groups are getting worked.
You'd have to cut comp % more than the number of employees % you hire due to benefits; but yes I think this is the direction banks should head in.
Tempore sunt amet vel qui. Dignissimos non eligendi itaque non. Nesciunt ex qui aliquid. Natus quia ipsum error magnam enim.
Consequatur et dolor deserunt. Sunt eaque similique reprehenderit quia architecto corporis doloribus. Sed labore delectus aperiam dolorem.
Aspernatur harum laboriosam voluptas dolores velit voluptatibus voluptas. Qui voluptates reprehenderit inventore sit numquam libero sed. Voluptatem sed maxime quod voluptates. Aut molestiae expedita maiores possimus adipisci.
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...