It has been amazing. I hope they stick with hybrid. The bank has a whole has crushed it last yr.

 

other laz groups more lax I think, Tues - Thurs firmwide mandatory but still kind of flexible 

 

buddy who works at RBC says that is the firm policy going forward is 3x a week with mandatory Mondays

 

Any firm still have people go in on Sundays like pre-Covid times? 

 

im at ubs and I go in 2 to 3 days a week.  some coming in 1 day a week.

just lol at goldman in M-F.

 

What do you think are the better groups currently at UBS? Incoming SA for next summer here

 
Most Helpful

William Blair is 3 days a week T-Th. 
 

Having people come in 5 days a week is an indication you are a dinosaur and your bank is going to lose on talent. The world has changed forever, the 5 day a week in-office paradigm has been proven to be less effective and not needed. Consulting firms have been offering remote perks for some time now, banks can try to drag their feet, but eventually they will all cave.

 

They haven’t exactly said that, but throughout the firm it is pretty understood the future is hybrid from top down with many MD’s and some longer tenured associates even being fully remote.

There’s a bit of an anti-BB culture with much of the firms focus centered on outmaneuvering and being more innovative than the slower, larger BB’s (I hate the job/ IB, but think this is actually true from a firm culture and positioning standpoint). I think after the Jamie dimon quote about being in 5 days a week and banking being learned at the water cooler, the Blair ceo came out and said not acknowledging hybrid was pretty short sighted and he was surprised to hear that was a stance they were actually taking in today’s world. Additionally, the way Blair staffs is very decentralized in that it’s common to have teams made up of NY, SF, and Chicago individuals on the same deal and they pride themselves on it because they think it’s a competitive advantage. This makes me think they will continue to take a hybrid stance. It seems like this isn’t really the way other firms operate where it’s common to hear like GS SF or MS Menlo. There isn’t really a Blair SF or Blair CHI it’s just Blair because your deal exposure is more or less not location affected (especially post analyst level).

 

I’m genuinely curious, when you say lose talent, lose talent to who? As kids won’t be able to just switch from IB to Tech due to a complete difference in Skillset. Also a lot of the times kids that like IB just won’t really like Consulting and vice versa, so I just find it soo hard to believe a lack of working from home will make someone switch industry’s entirely? I mean honestly I may be entirely wrong hence why i’m asking the question but I’m genuinely curious as to what you think they switch to for this?

 

Within finance and outside. Undergrads largely make uneducated decisions on their first employment, but anyone with 2+ years in their career is more conscious with their career decisions. If you are a bank that is bringing people in 5 days a week without flexibility, people will want to go to other banks or will leave the industry when they realize they can make equivalent money in a better situation. Additionally, the brightest people will realize the sham going on and won’t want to work for your firm. Best example: the smartest associates aren’t going to Goldman Sachs anymore. Another point, MBA’s are increasingly going to tech instead of banking.

 

Baird is in office 3 days a week (T-Th). Policy has been very relaxed overall and keeping it will be key to retention in my opinion.

 

Some associates leave as soon as 5:30pm. Analysts usually 7-10pm. Some just spend the rest of their night in the office. Depends on preference and work intensity.

 

truly remarkable to get comments hand delivered with shitty handwriting vs typed out in an email

truly remarkable for a VP or senior associate to give me attitude when I ask how to do something in a merger model asked of me that Im having trouble with "you should ask your peer analyst these things not me!"

 

Reading this is really surprising. We were supposed to go back in September, but delta made MGT back off and everyone is WFH since then. Some people go in, but masks are mandatory. New guidance is starting Jan 3rd we are in 3 days a week.

Is no one else WFH fully right now? I thought Delta delayed everyone’s plans.

 

Non one cares about covid outside cancer patients and the elderly.  Im in nyc and haven't worn a mask in 6 months.

 

Plan at Jefferies is to be hybrid. It varies group by group but general consensus is 4 days a week. The policy is not strict right now since they want to make sure you feel comfortable coming in. I know many juniors who have been doing 2-3 days and no issues.

 

I thought UBS and Citi also said they were going for 3 day hybrid model? I hope that's true because I'm gonna SA next summer at one of the two

 

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