Which BB’s and EB’s have the longest hours (not necessarily the worst culture) in NYC? We all know the obvious ones in GS and Moelis, but which others? I heard EB are generally longer than BB is this true? Thanks all!
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Everything is team dependent
Ducera has the worst hours by a landslide... never met more overworked juniors and seen more heavy churn as they have. The other larger firms are team dependent.
Can second this, one of my friends lasted 5 months at Ducera before lateraling to a sweaty MS group, and by the way he talks about how his life is at MS now compared to Ducera you’d think he was released from jail.
Some poster here stated Raine was significantly sweatier than Moelis NY.
I’m not that poster but anyone who says Raine isn’t unbelievable sweaty is very wrong. Multiple friends have interned/work there and they have never gotten off before 2/3am even before COVID.
FT Partners
A lot will be group dependent. Some seniors are just assholes and don’t care about their team’s wellbeing.
Anecdotally have heard some bad things about Jefferies as a whole though.
Edit: also how has no one mentioned Lazard yet?
Not OP but worked at Jefferies before lateraling to an EB, and can add some color to the culture there. Jefferies has a very old-school DLJ-esque culture like Moelis, where the MDs absolutely go after everything, which translates to a lot of tough hours at the junior level. I'd say all the best groups in terms of deal flow are quite sweaty at Jefferies, and that often translates into extra hours. However, culture-wise I definitely enjoyed my time at Jefferies more than I do now at my EB. The culture at the junior level is definitely very collegial and is more "fratty" than the EB where I'm at right now, and as a result it made the bullpen so much more tolerable during late nights. The seniors were mostly good, with a handful of bad apple rainmakers that diluted the culture, but I'd say that's probably pretty common across the street, as the EB I'm at also has a handful of toxic MDs that ruin a mostly good culture.
Not NYC but heard Evercore Houston is pretty bad
Greentech Capital (Nomura Greentech)- super strong junior culture, but the hours can be hell (months of 100-110+ weeks)
Source: used to be an employee
Houlihan Lokey's RX is insane with it pushing 120 hours depending on deal flow... And deal flow is always insanely high.
Although they do get 75 dollars for dinner though so it's worth it
No amount of dinner expense makes those kind of hours worth it..
There’s no way you’re an analyst if you don’t believe that. There are decent number of groups that have hours like that. My group is basically 9-1 M-F, and 12 hours/day on weekends and we’re not even considered sweaty.
can anyone give insight on svb's hours?
- UBS TMT (& basically every other group in the bank lol)
- JPM DI
- JPM HC Services
- JPM FIG (Brutal)
- Barc Industrials
- GS TMT
- GS FIG
- EVR Houston
- Jefferies Energy
- FT Partners
- Ducera