Which of the banks have the longest hours?
Have heard Moelis is tough, heard both long and decent hours depending for Lazard and Evercore, decent hrs for Greenhill, and the bulge brackets seem very group dependent
What about the middle markets like houlihan, jeffries, blair, Robert Baird, etc?
GS, Moelis, Lazard FIG
Lazard is notorious for being a sweatshop. Moelis as well, and in the BB, GS and CS work the shit out of their kids.
lazard and moelis probably the most
the thing i just wanted to confirm some things, because i remember reading contradicting posts that blackstone, centerview, evercore, and lazard had "great hours" as well as "brutal hours." even saw a post from presumably a former lazard analyst that mentioned it had no facetime/wasn't tougher than any other bank so i wanted some clarification wrt the different posts around here
You idiot each group will work you hard.. if you don't want to work, don't choose IBD as a job. You don't deserve a job in iBD.
Like he said.
There's a difference between working hard and being brutalized.
90 hours a week on average = working hard, still have time to sleep regularly, have some sort of social life, etc. 110 hours a week on average = being brutalized
150k/100hrs/52 weeks= 28.85 an hour before taxes
At the BBs, its pretty group dependent. This summer, some friends in other groups at my bank got out every night past 1 or 2am and some others were out at 10 or 11. On average, Ide say everyone worked pretty hard though.
Someone saying Lazard has no facetime is not necessarily a plus, because when you're in the office, they expect you to be working the entire time. Another bank and group and you may be in the office for 90 hours but it isn't brutal. Lazard, you're sweating the entire 90.
I'll echo LAZ and GS. I've heard mixed things about CS- sponsors and tech are apparently pretty bad, but the rest seems more reasonable. I have heard the no-facetime rule applies to Moelis as well; but everybody is generalist there, meaning if there is work in the bank, you could be staffed on it.
HLHZ is also pretty tough from what I hear- even non-restructuring groups.
Anyone know the best BB hours/chillest culture? The "best hours" are of course the groups that are collapsing and have no deal flow, so I felt the culture component might better convey the point. Maybe "Best hours in a respectable group"?
Now you're just asking for life on a golden platter ...
UBS has the worst hours, everyone left and there's soooooo much pitching. 0 live since seniors left. but pitching never ends. uwill pitch till u drop and there's not enough people since every day someone leaves, about 100 hours for some groups.
Average Hours Worked Per Firm (MBA Only) (Originally Posted: 06/27/2016)
I posted this yesterday, but it was a Sunday so let's try again on a high-traffic day.
I just saw an article a few days ago on the hours worked per firm in the general finance sector as well as some other companies. This includes IB, Big 4 Audit, MBB Consulting, Silicon Valley, and other random firms.
Not surprised at Goldman topping off the list, but I am rather surprised how much higher it is than the 2nd place. Also surprised Google is almost at the very bottom of the list.
Thoughts?
link?
He linked it his post (click: article)
http://poetsandquants.com/2016/06/17/mba-envy-not-know-hard-work/2/
Citigroup at the bottom makes no sense...the sample for the MBAs must not be within IBD.
Very credible underlying source.
I certainly wouldn't say that the source is something like WSJ, but Poets & Quants is basically a news aggregation source much like Business Insider.
Anyhow, the data is from a 3rd party consulting firm called TransparentMBA.
I don't think the data is perhaps very representative but I'm sure there's some truth to it. Kind of surprised we're not seeing sweat shop Lazard up there
I'll help you out lil cubby. Here are the average hours worked by MBA associate per firm per stratified random unbiased sampling.
Jefferies - 35 hours/week Piper - 36 hours/week Lazard - 45 hours/week JP Morgan - 55 hours/week Morgan Stanley - 65 hours/week Fidelity - 30 hours/day Goldman - 35 hours/day KKR - 40 hours/day
It's not IBD specific. So the firms with the largest IBD population of MBA hires are higher than others. I think you can reasonably expect that most weeks will be about 75-80 hours a week regardless of where you are at as a post MBA associate. With more weeks above that than below it.
Any sources on ER hours?
How many hours per day ?
How do people at $GS (#1 on the list) work 86 hours per week on average ? 14 hour days, 6 days per week ?
Great post GTMonkey.
yup
That's....THAT CAN'T BE TRUE :(
LIES!!!!!!
cries
Hey all - Kevin from TransparentMBA here. You can see the hours, satisfaction, and travel % breakdown by company for IB, Consulting, and any other career MBAs feed into at our site. Can't post a link BC I'm a newbie but you can just Google it. Enjoy!
Firm with the longest hours (Originally Posted: 06/01/2016)
Hey all- Was just curious what firms (if any) are notorious for the longest hours for first year analyst's. My roommate will be working at Stephens and I've heard they log some of the hardest hours on the street..
Really depends on which team you are on. For example, most TMT and healthcare teams are worked pretty hard. Even within the team, your experience may differ due to ability and the projects you are staffed on.
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