Are the rumors about 100 hour weeks at Moelis LA, etc, still true?
More curious about NY if anyone has info.
Also what is actually considered average? Feels like a lot of numbers are grossed up to try to sound more impressive nowadays.
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From my experience, Tobin & Co. is a sweatshop
From what I have heard both from friends at the firms and on here, some of the usual suspects tend to be (this pertains to hours, not culture as a whole): Piper (certain groups, heard industrials and certain healthcare verticals can really suck) Lazard (most groups, heard specific things about Boston TMT) Moelis (not sure about group) Houlihan (not sure about groups but have heard they are tough) AGC (if you haven't heard of these guys, they have mandatory weekend hours...wtf ) UBS (have heard healthcare is nuts) TAP Advisors (have heard it can be toxic and they still work you ass off even with very choppy deal flow
Additionally, a lot of other smaller shops that run super lean can be pretty tough on analysts. Have heard about some healthcare boutiques that really never take their foot off the gas
AGC and their fake reviews, lol!
Have heard that BMO Mining group up in Canada is a sweatshop
Can confirm. Worst hours in Canada
Surprised no mentions of Jefferies, especially their top groups...
Have a friend that works at Greentech. Hear the hours are absolutely brutal there
Also heard Lazard Paris is brutal. Actually, a lot of boutiques in Paris (even small caps one) have very long hours.
Can confirm Laz Paris is brutal, worked on a buyside mandate with them and they were consistently answering emails and hopping on the phone until I'd leave the office around 1am...NYC time...
Those hours go against every fibre of french culture
This may sound like a silly question, but what exactly are bad hours?
I’ll start:
I work from 10 am to 2 am Monday to Thursday. Leave around 10pm most Fridays. And work Sundays from around 11am to 11pm. Saturdays off. Total hours are about 85 - 95 / wk pretty consistently. I’m also always varying degrees of busy throughout the day, not sitting around waiting for comments. I work slightly more than most analysts in my group, but I’d say this is pretty typical. I don’t really consider these brutal hours.. tiresome at times. Definitely limits my social life, but I figure they will improve gradually with time. I can also usually squeeze in a workout 2-4 times per week around dinner time so I’m in pretty good shape.
I’m a second year analyst at a BB in a coverage group.
This is pretty bad. Do you honestly feel that working until 2AM during the week and into 11PM Sunday night is not bad? I'm assuming you just started your 2nd year. You will definitely feel differently / a lot more burned out 3 - 4 years into your career if you decide to stick around. The lifestyle will gradually begin to take its mental toll.
wtf is even in dallas
equities
A natural extension is this question: What banks have the best hours?
The ones with no deal flow so basically the terrible banks.
The better question is: Which banks have the best hours in proportion to great deal flow or which banks are the most efficient with their work?