Eastdil at Higher Positions
So most of the conversations on here have been around analyst and associate roles as most people tend to leave for buyside before reaching VP or higher. I was curious if anyone has experience for what the roles are like if you stay or go to Eastdil at a VP role or higher?
What is the comp expectation at these higher roles? Are you locked in like in corporate IB where it's difficult to move back to buyside once you're at this higher level? Are hours still 80+ when you reach VP or higher?
Based on the most helpful WSO content, here’s what you need to know about higher-level roles like VP or above in investment banking and related fields:
Compensation Expectations:
Hours at VP Level:
Transition to Buyside:
Role Dynamics at Higher Levels:
If you’re considering staying at Eastdil or a similar firm at higher levels, it’s essential to weigh the trade-offs between lifestyle, compensation, and long-term career goals. While hours may improve slightly, the demands of leadership and client management can still be intense.
Sources: Investment Banking Hours - What to Expect?, Lifestyle Change from Associate to VP, Exit as a VP because lost interest, Ask a VP in Equity Research anything, Investment Banking Hours - What to Expect?
From friends I have that work there in their larger offices in the US, the hierarchy at Eastdil seems pretty flawed.
In IB, you typically have 4 positions before MD (analyst - 2 years, associate - 3 years, VP - 3/4 years, director - 3/4 years, MD).
At Eastdil, there’s 5 (analyst - 1.5-2 years, associate - 2 years, VP - 2 years, Senior VP - 2 years, Director - 2/3 years, MD).
Apparently, this creates a huge bottleneck around the VP-level when you have people who are essentially associates acting like they are seniors given the title and it completely fucks over analysts / associates. Given the VP typically isn’t experienced enough to be exclusively client facing like the senior VP, they just create a lot of unnecessary work to make it seem like they are relevant so they don’t get fired. Essentially middle management stereotypes on steroids.
To answer your question, it seems like you are mostly trying to fight politically to show that you aren’t useless. So if that doesn’t seem ideal or something you’d like, I’d stay clear.
Interesting, I appreciate the insight, I'd prefer to stay on the buy-side anyway, but this provides some good clarity.
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