Same as above. Which EBs / BBs have protected days (like Saturdays)
I know CS had a protected day before not sure if it's still continued.
Curious to hear about EVR / PWP / MOE - is it group-specific for firms like EVR / PWP?
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EVR has protected Saturdays across all groups
^ believe the policy is technically Fri 9PM - Sun 9AM
How enforced is this generally? Specifically the tech group (either NY or SF)
can confirm. it's nice as you can (generally) expect to actually have a quiet saturday
BofA has protected Saturday
Moelis has protected Friday nights and Saturday mornings
I guess it is better than nothing, but they couldn't just protect all Saturday? I would much rather have a full day off than a night / morning.
That protected time goes for every week and then once a month there is a full protected Saturday from Friday evening to Sunday morning
Genuine question, but is this serious or meant as a joke? I believe I recall hearing that Moelis is one of the sweatiest shops out there, so I'm surprised anything is protected. But I don't know much about them. And I'm just an intern
it’s completely serious - was implemented post covid and is pretty strict firmwide
Obviously not upheld 100% of the time but generally respected firm-wide
GS 9pm Fri - 9am Sun
Citi 10pm Fri - 10am Sun
JPM 1 protected weekend per month (both days)
Enforcement is highly variable across firms and groups...
JPM's down to once a quarter, and sounds like intention is to phase it out further over time
Lots of concern among seniors that analysts were taking too much time off this past year. Expectation is also that you respond to emails and are available to log in if something urgent comes up.
Hadn't heard that, but ridiculous. Sounds in line with the rest of JPM's culture...
What about JPMs flex time thing after 7pm or something like that (where you can take an hour or so off and continue from home)? Heard that was pretty widely enforced, but correct me if I'm wrong.
Fuckin BS if true. Almost every analyst in my group has had to cancel some of their protected weekends because some deal blew up despite giving multiple weeks notice ahead of time. Not sure which MD's are thinking we take too much time off...
Is that a typo for GS or is it genuinely protected only until 9 AM Sat?
Good catch, definitely meant Sunday - fixed it
Citi is incorrect its just protected sat .. no protected 10pm on fri or 10am on sun. that sounds like a particular group
Idk what group you work in but I'm at Citi NYC and every person I know is 10pm fri - 10am sun... definitely not as enforced as saturdays though
PWP?
Group dependent, but yes in my group
Thanks for the response. By any chance do you know which groups do and don’t? And is it Saturday that is typically protected and is it every weekend or once a month? I appreciate the help.
Which group is this? Industrials? Consumer?
Barclays is genuine protection, haven't had to work a Saturday even on live deals yet (but that's cause I spent extra on Friday night / Sunday not to when needed or ASO stepped in)Typically don't have to work beyond 6-7, but hard deadline at 10 pm until Sunday noon. Across the board pretty respected and in my group we don't harangue eachother but have had late Sunday nights as well (which is my choice instead of getting up earlier, honestly I start at 3-4 PM unless really needed)Edit: coverage group that's been more busy than others during Covid
What a dream, are you in a coverage or capital markets group?
del
Coverage. Edited answer. Busier than average group actually, it's just that weekdays are bad if at all and I wasn't on deals that needed Saturday work.
Evercore and GS both have protected Saturday and have been implementing it well
Could you add more color to "implementing it well"? By my standards, if they manage to protect at least 50% of weekends, that would qualify as "implementing it well", but I'm sure most would beg to differ
Not original commenter but Evercore has only made me work a handful of Saturdays since starting last summer. That said, 4am Sunday nights have been more common than expected, so you win some and you lose some
Credit Suisse?
CS analyst here Protected from 6pm Friday thru 10am Sunday unless on live deal, and even on live deals only if truly urgent
You’re “protected” as long as you’re not on a live deal
Not true, some banks are way better at making senior bankers abide by the rulers than others.
Yeah exactly, even on live deals we don’t unless it’s absolutely necessary. If things need to get done we work around Saturdays and even then it’s not like we are logging in 9 am Sunday.
Different story when understaffed though.
What do other EBs do? Guggenheim? Pjt? Centerview? Lazard?
No protected days at gugg
Gugg needs to step up and get with the times
Lazard says no internal emails for 1 hour per day lol
Lazard the firm has protected weekends and "no marketing work on weekends". Of course, enforcement of this is highly dependent on the group you are in and how visibly the group tracks protected weekends. In general, the no marketing work on weekends portion holds true.
In my experience, if there is client work to be done you can count on your protected weekend getting blown up. However, if you don't have work to do on a weekend and it also is not your protected weekend, you just end up not working and this becomes your "protected" weekend. The system is broken because when push comes to shove people above you either (a) don't manage client deadlines well or (b) don't want to touch analyst-level work.
The firm can create all the policies it wants to make it seem like it's taking initiative on the WLB front, but in reality it is up to the groups to implement.
BofA has protected Saturdays- you need an exception to work then, which is pretty rare tbh.
Morgan Stanley?
Would also like to know
How about Rx shops?
Heard JEF has protected Saturdays - any truth in this?
None. The future MDs know this.
Not an EB but if I'm not mistaken I think we have protected Saturdays (on paper) at Piper Sandler. Never seen it mentioned or enforced outside of the fine print in our onboarding docs.
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