WLB for IB?
Which groups in investment banking have the worst hours relative to their peers? From my understanding M&A (unpredictability), TMT (high transaction volumes), and LevFin (aggressive PE buyers) are the worst.I heard DCM is the most chill and pretty formulated. But again I want to hear input from some monkeys
ECM at a non lead bank. Co-managers and joint bookrunners sit around collecting checks while the lead left banks do all the work.
Power and FIG for different reasons. I worked in both.
Explain please, interested in both
Specific groups cannot be said to have generally better or worse WLB across the street (except for DCM/ECM which tend to be a little lighter).
It is entirely dependent on the culture of a group at a specific firm, and whether X group at Y bank is sweaty or not can change somewhat quickly if there is turnover at the VP/Director level or even something as small as the group changing staffers.
Second this - varies widely based on firm, culture, dealflow, seniors, facetime expectations, so many factors. While capital markets may average a touch lighter, our cap mkts people still work late, regularly. Also, your WLB might be better if your firm has poor dealflow, but that carries an obvious tradeoff there for your career / bonus / personal development / et cetera.
DCM is not real banking
Can you elaborate?
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