Which group have the best hours? Not including LMM firms.
As title suggested, which firm have good hours? Currently an analyst at a reputable MM, kicking in 70 hours on average. I think I would happily stay in IB given that pay is solid and I have no other skills. Any recommendation on groups that have strong culture and lower hours than 70 a week?
Bump
70 hours is low in this market.
Not sure why this got MS, 70 is definitely low.
lol @ 70 hours for an analyst. I know VPs working more than 70 hours. If you'd like to take a paycut and I'd argue a disproportionate paycut since MMs comp pretty well and analyst comp between groups don't deviate much, there is corporate banking / ECM / DCM.
How is that possible given how busy things are?
I'm well under that number for hours but I'm also a first year and suppose people are too busy to train me or bring me on projects because I have to learn everything
Your Directors don't pitch BS and your bank actually hires enough people.
No BB/EB coverage group will have consistent hours below 70 unless they have 0 deal flow, which means they're under pressure and pitching a lot. I second the person saying plenty of BB VPs work 70+ hours.
Sounds like you have it good, stay where you're at.
Is it bad if I'm a first year and have been clocking in around 20 hours only? There doesn't seem to be enough work maybe to go around or time to train me maybe. I'm not complaining more just curious if this is typical for new hires even after a few months months.
Very typical to take time to ramp up hours, although if it's been more than 3 months less so - would give it at least 6 months to really get busy. Hard to delegate work off to new hires when you're jammed, since it'll take you extra time to explain and check their work.
You should have an idea by now if your group is busy or not though. If you're back in the office go ask a friendly senior analyst if you can sit with them and see how they pull a model together, but overall I wouldn't worry too much unless you're like 4-6 months in
20 hours?? How new are you, like a couple weeks?
I work at the M&A team of one of the Big 4’s. The culture is great and I currently work around 50 hours a week. Of course my compensation is far below BB/EB money but still decent
OP here, I work at a pretty decent MM with big balance sheet. Pay is pretty street IMO, $100k base and 80% bonus. There’s definitely times where I work 90 hours week but that only been 5-6 weeks through out the year. Most of my time has been 70hours mostly. I seems like that’s pretty standard across other teams too. Idk if it’s because of WFH, I don’t actually think the work is so extreme where I can’t balance it. Usually have a day out of the week where I can easily relax and minimum emails. Is this the best you get in banking?
How is that pay below st. At a Bb and get around that same bonus and base
Edit: nvm I read it wrong
Bump
Associate here in PE averaging 60 hours (with a caveat during deal times it goes upto 80-90 hours) I feel bad for you lot
I’m assuming the best you get is 70 hours a week in IB? Nothing better than that?
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