Title says it all. Any NYC finance jobs that work 9-8/8:30ish on a normal basis (longer nights obviously if an emergency but not typical)? Am I asking for too much here? I do not salivate to working all nighters. Sure, I wont make 7 figs by 30 so I guess I am weak so are there any finance positions for the weaklings like me? Any low hanging fruit?
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Have you looked into Corporate Banking?
CB I hear Is closer to 65 so it’s pushing at 10PM+ and that’s on a normal week. Not to mention they can be put on call for weekends pretty easily. Like working like that leaves room for 0 social life. I’m not paying a high rent to live in NYC just to work in a cubicle. That can be done in the middle of nowhere in rural America.
I’d say it depends on the group and bank, as with IBD. Corp bankers I know typically are working 10-12 hour days on average at the analyst level.
Corp Dev usually works until 7 or 8ish depending on deal-flow.
I’m an analyst working in Commercial Real Estate production at a bank (agency/CMBS/balance sheet) and most in my group work until 630 most nights. Most of the time I leave earlier. sometimes later, but almost never past 8. No weekend work ever and leave at 3 or 4 on Fridays
Hiring?
A friend of mine works at a low BB's ABS group. Usually 7-8pm and not much work during weekends.
Have you looked into the investment arms of reinsurance companies? The analysts at the firm I interned at were making street salary + bonus (i think it was an equity bonus). They normally left before 7 and never came during the weeknd (while i was there), not to mention that the culture was fantastic.
yeah but they tend to require deep math skills that I’m not sure I have. Smarter people get better hours I guess lol
It was a non-quant investment role. All the analysts were not quants, quants had their own separate group/recruiting.
Why did you leave if the culture was good ?
Had a really good ib offer for my junior summer. Also you had no control on what investment group you got placed into so there was a very big chance that you could get something you really dont want and pigeonholed yourself. I'm also more interested in the traditional pe route and staying in the firm would had killed my pe chances (well not at all, but it would had limited me into a certain type of pe).
Ugh now you got me thinking about not staying :(
if you're open to accounting, it can pay pretty dope $$$ in the alts space. i had a client in which their middle management back office people were making 300-400 which was ridiculous to me.
path would be 2-5+ years in b4 working with alts clients > move to client
I work in credit risk at a BB, and usually work at most 10 hours a day. We make less than front office but it is still not a position that is considered low hanging fruit.
Hey man would you be willing to DM me? Interested to learn more.
S&T for sure
Agree. 7 to 6 usually. Personally in ER doing 7 - 8 pm, longer during earnings season.
Well at that point you are basically working 9-10PM on a regular basis but just shift the hours Still doesn’t leave much room for other things . And how are your weekends ?
how stable do you think that industry is for non quants going forward ?
Not for physical commodities. You can leave the office at 7, sure. You are also on call 24/7.
CRAs?
Not NYC, but it's rare that I work past 7 in real estate development as long as we're not in a closing.
This sense of entitlement among millennials is disheartening. They want a good city, good pay and good work experience .
If you can’t even work 80 weekly your just plain lazy .
Can't tell if you're trolling, but there is so much more to life than work.
Maybe at 35 but OP is probably an Ivy college kid. As I’ve stated earlier his expectations are way too high. Sure as a bank teller in the middle of nowhere he can work 40 but he wants a high tier finance job in NYC. Simply not happening .
You're*
Yeah I caught that after but WSO didn’t let me edit. Was expecting something along the lines of “plz fix thx lol”
okay "prospect"
Don’t sit here acting like you didn’t work 80 hour weeks to break into private equity.
Other industries give you this. I have a friend who works as a software engineer at a large company. 10A-5P, works from home 2 days per week, makes the same as an IB Associate. Stock counts too since the company is so large it’s very liquid.
From someone who have worked at a hedge fund / prop firm / sell side... I don't know any jobs you work til 8pm... Unless you're working Asian hours, Investment Banking or have projects due which is relative but still relates to any jobs regardless if it's finance or not.
Medicine (specialists often work on call), Law, some Tech roles (IT), consulting (B4 during tax season) etc.. If you include being on call 24/7 or working from home then yes people do work past 8PM
I’m a junior in a lower tier BB ECM group - typically between 6-8 on the league tables every year. I work from 8-830 until 630-7 most days with maybe a couple of hours every other weekend. Sweet life.
Hey can you dm me ? Interested to learn more.
My friend who works at a lower-tier BB's DCM group confirms the hours.
AM Investments. 9-6 (or 7) or 10-7 (or 8) were pretty typical, assuming you didn't take more than 15 minutes for lunch. (your work friends sit near you anyway) at a very driven firm. Now it's closer to 9-5.
The caveat is that you are essentially on call 24/7 if something urgent comes in, and 'emergency days' can break 16 hours for several days running. (they don't push us past that because a screwup can cost millions)
Good luck getting one of these jobs out of undergrad though. I think we hired a couple interns in total in the time I've been there and everyone else is an experienced here, and we're a big firm.
See everybody read what this man said. He mentioned how it’s hard to get a job out of undergrad with the benefits and that’s what I was saying earlier . Stop feeling entitled OP and understand you have to pay your dues to get awhat you want.
I'm not going to fully agree. There are jobs out there where you can work OPs hours straight out of school, it's just that either the pay or the job itself sucks. Accounting, certain jobs in corporate finance, actuarial science, etc.
It took me a long time working a shit job for shit pay (the hours were good, 9-6) to get where I am. I got my Charter, a connection referred me for a job at a tiny company nobody had heard of in a different city. I took a chance and failed forwards. Asset Management is a shrinking industry, but it helps that I'm in the hottest part of the hottest part of it. My job is different every day. One day I may be tearing apart fund proposals, and the next I may be supporting the sales staff in a meeting as the technical guy in the room. It's not always fun, but overall it's pretty awesome.
A guy on our team worked on the internal sales desk (think Bud Fox's job) for five years out of school. He took a pay cut to join our team as the low man on the totem pole.
Corporate credit analyst - credit rating agency
Pretty much any markets-related / S&T role ? Only IBD have stupid hours.
You need to consider the start time as well. Many markets role (think equity research) simply have shifted hours. Someone earlier mentioned how they work 7-8.8:30 but really thats 9-10/10:30 just shifted 2 hours early. That still leaves no time for a life.
I'd rather start ""early"" (i start at 8) than finish late. Noone has a morning social life... 7.30-8.30 to 6.00-7.30 leaves reasonable time for social life.
You have to sleep earlier so you miss the fun anyways...
This is pretty true for a lot of jobs. I start work at 6:30A and stay until 6-7P. Technically you’d think I have plenty of time, but going to the gym in the morning + commute means I wake up at the same time as Jocko. Which means when I get home it’s time to start getting ready for bed.
Capital Markets roles. ECM, DCM, originations for mortgages (CMBS, RMBS), Asset Backed Capital Markets/Originations too.
How’s the salary in roles like those?
I'm in mortgage origination (nyc) and salary for first year analyst is around $70k + company performance bonus + personal performance bonus
My friend from school is a 2nd year analyst at GS/MS in Capital Markets and made 85 base year 1, 90 base year 2. 1st year bonus was 30k, expecting 40-60 second year.
Somebody in the IB forum stated he was working 13+ hour days in ECM/DCM. Are the hours just group dependent?
Generally 7/730am - 7/830pm, on "normal" weeks.
Credit or Market Risk
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