Analyst holiday time off?

Curious about this as well

is the vacation time they allot you on the contract real vacation time?????

approximately 2 weeks yes.....

i think it's only for legal reasons, do they comp you for not taking those days instead?

1) you get 2 weeks off 2) you're expected to take it in lump i.e 10 days - 2 weeks at a time (so you don't take scattered days here and there)

That said stop being such little btches and afraid to leave - this isn't all about faceetime

1) If you're considerate and give ppl advance notice - you can take vacation 2) If you're good - you don't need to be "around" during your holiday 3) You will have to be connected / in the loop during holiday

I took 2 weeks off to go to hawaii my 2nd year and had to come back early for a roadshow ... but i managed it fine and had a relaxing 10 days off

To PJC, what do you mean comp you?

1) if you cancel your vacay cuz of work - they pay you 2) If you take vacay but do work at home - TECHNICALLY they won't comp you but you can get around it by cancelling ur holiday in the online systems etc - depends on how nice your MD is and how smart your assistants are 3) If you quit, you get paid for any unused holidays

When I moved I got close to 10 grand

Sorry correction you get more than 2 weeeks off. You get anywhere from 14 to 21 days off with 21 being norm at most BB's

At my last job I got 21 WORK days off which is close to 4 weeks of paid vacation a year :D

Current jbo gives me 18 but tahts still about 3 weeks.

Key is to max out your vacay ... ie take it around labor day weekend / christmas / holidays etc

I once used only 4 vacay days to take 1.5 weeks off :D

well if ur staffed on a deal u might be on it for a while = no chance to take vacay

so maybe they opt to pay you in lieu of taking vacation, that's what i mean by compensate you

i heard u better give like 6 months advance notice and keep reminding everyone everyday or they'll slash ur bonus to pennies.

Tangents- in all seriousness though, if you are a first year and try to take christmas time off, you will look like a peniswrinkle, no?

All of these damn implicit standards in banking. I think I will be afraid to take any vacation, especially during the first year. Do most first years forgo vacation, or do the majority actually use their vacation days?

will anyone blame u if u play it safe and stay in the office 365?

I don't know about all banks, but I've heard some require to take at least one week as a block for compliance reasons, during which time you have to be out of the loop. That time should of course be planned well in advance, and can be canceled if a deal goes live or something, but it's required at some point during the year...

Bobby... I'll recap so you can chill...

Clearly if you have understanding superiors, you're a star when it counts, there isn't a bunch of work and you have some testicular fortitude you can take time off.

I'm not one to talk shit on here but you got several replies (and clarifications) to your original question. The only stupid questions are the ones asked more than once.

I took 5 days off in 2 years as an analyst. I had a 2nd vacation planned, but ended up having to cancel it. I was only reimbursed for the change fee on my flight, all other expenses I had to eat.

You're not "required" to take any set amount of days each year, for compliance reasons or any other reasons. Less than 15% of my analyst class took a single day off in their entire first year. Most waited until after their 1st year bonus hit.

Also, when you take time off, don't expect to be out of pocket. I flew halfway around the world for the 5 days I did get off, and I still got emails requesting dumb, worthless analyses that people wanted done right away (people who knew I was gone on vacation). You'll be expected to dial into conference calls and generally be accessible, so boat cruises or jungle safaris are a big "no-no."

Regarding holidays, this is generally when analysts do take their vacation as it is a slow time. My first year I flew home for 48 hours for chrismas and thanksgiving. Unfortunately, I was slammed with work and had to do work xmas night. Some analysts got away with taking a week off because times were slow and they didn't have a lot on their plate.

At the end of your analyst years, you get paid for your time off. That said, most places have a "use it or lose it" policy where your vacation days reset at the end of each calendar year. When I got paid for my unused vacation after I left my bank in July, I only got paid for unused vacation accrued from January to July. The first 18 or so months of unused vacation I had to forfeit. To those who think they would rather get paid: You wouldn't --- take the vacation if you can, everyone needs a break.

First year analysts typically get no vacation- paid or unpaid for six months. If you're lucky, vacation accrues on a monthly basis. If you're nice, most managers will give you an extra day off for Thanksgiving or Christmas (pick one) to visit family.

Second year, you usually get anywhere from two to four weeks. Just schedule everything at least four or five weeks in advance for vacations lasting more than two business days and probably like two or three months in advance for anything lasting more than a week. Try to be nice around the holidays- usually, the tacit assumption is that you need to choose between vacation time around Christmas or Thanksgiving.