Etiquette for using PTO and Vacation Perks?

Hi all,

About to start a new job at a top family office on the west coast, after having lived in the northeast and New York for about 8 years total. The family office will be my second job after school.

Curious what the policy is on PTO. The firm has some pretty sick vacation perks I would like to try out. However I am unsure what the standard protocol is around taking PTO.

Any idea what is considered good etiquette your first year? Can you take vacations at all your first year or is that something you should only start doing in the second year? Are family offices more relaxed about vacation policy or would you say there's generally a professional norm for this? 

TIA

9 Comments
 

How much vacation time do you get per year? Ask after 6 months to a year of working for some days off, at least a month in advance 

 

Bring up trips casually by asking your boss whether they’re taking any trips any time soon. They’ll probably respond and then out of curiosity, most of them would ask you if you are planning any either, in which you could say wherever you’re traveling to 

 

It changes dramatically firm to firm. Keep your head down your first year and you will get a sense, through observation, of what is considered normal. No one should be too concerned with you taking one trip and taking some holiday time off your first year, but I might not max it out until you realize what everyone else does. 

Commercial Real Estate Developer
 

Everyone in my group uses their vacation days. It’s good for your mental health, and that extra week of not working isn’t going to make a difference on your performance review either way so may as well take more time off 

 

did you not take any PTO in your first job? Your PTO are yours, I wouldn't hold it against you for taking those days off if you're entitled to them. On live deals maybe not, but as long as everyone is kept in the loop and knows in advance then it shouldn't be a problem (if it's a well-run shop).

Quant (ˈkwänt) n: An expert, someone who knows more and more about less and less until they know everything about nothing.
 

Et neque ullam minima praesentium. Molestiae non ut et occaecati debitis. Ratione culpa veritatis porro qui quis quidem.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan No 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (15) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”