MM/UMM Associates - What have WFH hours been like?
I noticed a thread in the IB forum about how miserable junior hours have been during this WFH period, and as I'm starting my new job at a PE firm in a few weeks, I've been wondering if this is a similar sentiment held among associates at PE firms? What have your hours been like since WFH began, and has it been mostly the same sort of work, or seniors chasing hopeless deals since to keep them busy since they can't go on vacation?
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Normal-ish but with less visibility, but my baseline was medium sweaty in the office.
There's really been two phases:
March into April: stock market crash, credit markets fucked, processes pulled left and right, everyone doing liquidity analyses on their portcos. Overall hours reduction bc you're out of the usual painful bidding cycles but there were new workstreams that took up moderate hours and were fairly novel (don't read "novel" to mean "interesting", think "trying to format downside case cash flows from the company's team and flexing it to see how much returns could be hurt")
Current period: stock market recovery, credit and deal processes essentially "back". I'd say WFH "ending time" is essentially the same as in the office, but dynamics are weirder. There's no gossip mill / pipeline talk, so some days are literally work email-free but also you can get 3-10 day jam jobs dropped on you out of nowhere. Also cadence during the day has a lot more friction, i.e. you can't really predict turnaround times or will sometimes not know if you're supposed to be truly sprinting or not bc you can't see your principal in other meetings or getting food or whatever. Minor point, but leads to both more anxiety and more breathers.
Overall impression? Miss the banter, but don't miss wearing pants. Would take this for maybe 2-3 months out of the year for lifestyle reasons but it's not hugely different hours-wise right now.
Any tips and tricks for hitting the ground running in a virtual start?
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