Vacations as a VP?

At the firm I work at, VPs don’t get official “vacation” in the same way Analysts & Associates have. Do VPs just not take vacations, or do they sneak away and just review/answer stuff via email and iPad while out?

Seems crazy & depressing to not allow employees to have official vacation time, but this is banking after all.

3 Comments
 

I can speak to three experiences - see if you can follow the trend...

  • Friend at Large, Privately-Held Boutique: VP vacations are as work-filled as you let them be. Some VPs don't answer e-mails for a week. One VP missed his own bachelor party for a purchase agreement mark-up review call 
  • Friend at Large, Public MM Bank: When he made VP, he was told "say goodbye to your last day of vacation." Officer-level bankers regularly take calls on all holidays, vacation regularly involves no less than 4 hours of work per day, and one group (Healthcare) has ironically seen several officers take calls while their wives were in labor
  • Friend at Boutique, Privately-Held Bank: VP vacations reflect entirely the junior team you're working with. If you can sign off for a week, do it. Some VPs take unofficial sabbaticals and will go black for 2...or even 4 (in one case) weeks!
 
Most Helpful

VPs get vacation but it is just not protected in the same way An/As is. An/As deals can be restaffed easily enough, not really the same for VPs where you start to own the relationship.

Don't think anyone expects you to take 0 vacation or sit there on your laptop all day + respond instantly like is normally expected, but you should plan to spend 30 min a day checking in and responding to emails... maybe once in AM and once in PM. If you have a good relationship with your directors/MDs they are usually willing to step in to do extra review of materials while you are out, so you aren't having to mark up decks all day long

 

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