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Comments (97)

  • Analyst 1 in IB - Cov
Nov 12, 2021 - 12:32pm

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

  • Analyst 1 in IB - Cov
Nov 11, 2021 - 2:52pm

At CS and our "pod" all kinda decides like somedays we won't come in (a bit ad hoc basis). Usually in the office M-F but sometimes we take a tuesday / thursday off occasionally

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  • Analyst 1 in IB-M&A
Nov 12, 2021 - 7:43pm

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

  • Partner in PE - LBOs
Nov 17, 2021 - 8:32pm

I love how bankers have to specify it's in-office M-Friday instead of fully back in the office, the distinction being weekends. 

  • Associate 3 in IB - Gen
Nov 11, 2021 - 8:13pm

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

Nov 12, 2021 - 12:45pm

RBC is 4 days a week for S&T. 3 days a week mandatory for origination/IB.

My group does tues-thurs but very chill. Many weeks I only do 1-2 days a week- same w rest of group. No one cares about FaceTime in my group

Nov 12, 2021 - 9:31am

CS is really clutching it... this is amazing

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  • Analyst 2 in IB - Cov
Nov 17, 2021 - 5:44pm

CS analyst here, can confirm as well and it's awesome. In 3 days a week, leave everyday at 5pm and log back on in my sweatpants at home.

  • Analyst 2 in IB - Gen
Nov 12, 2021 - 9:33am

My team at BofA is in the office M-T, with a Friday WFH. I went in on one Friday as I really needed to get things done on that day and I was alone on the floor. 

  • Analyst 1 in IB - Cov
Nov 12, 2021 - 12:12pm

Group dependent at my bank. A lot of people seem to be coming in Tues-Thurs and some people just never come in.

Most Helpful
  • Analyst 1 in IB-M&A
Nov 12, 2021 - 12:36pm

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.

  • Analyst 1 in IB-M&A
Nov 12, 2021 - 11:13pm

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).

Nov 14, 2021 - 11:37am

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?

  • Analyst 1 in IB-M&A
Nov 14, 2021 - 3:23pm

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.

  • Analyst 1 in IB-M&A
Nov 14, 2021 - 11:57pm

Can confirm, other perk with Blair is the culture is very much in the office until dinner, WFH at night. Very different to go into the office and head home at 7 to go to the gym then finish work vs staying in the office until 1am

  • Analyst 2 in IB - Cov
Nov 12, 2021 - 4:09pm

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.

  • Analyst 2 in IB - Cov
Nov 14, 2021 - 10:39pm

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.

  • Analyst 1 in IB - Cov
Nov 12, 2021 - 10:51pm

that's pretty sick - is this for all offices / have they mentioned how long it will last?

  • Investment Analyst in PE - Other
Nov 12, 2021 - 11:50pm

Gotta say, I'm sort of dumb struck that young people don't want to be in the office. The amount of learning that occurs from being near seniors is truly remarkable.

I really encourage young people to go in as much as possible, but that's just me.

  • Analyst 2 in IB - Cov
Nov 13, 2021 - 5:57pm

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!"

  • Analyst 2 in IB - Gen
Nov 13, 2021 - 10:22am

Barclays London is 3 days in the office every other week

  • Analyst 3+ in IB - DCM
Nov 15, 2021 - 1:09pm

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.

Nov 16, 2021 - 1:08pm

EVR is planning full RTO starting Jan… this is what happens when your founders are still running the firm. 

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  • Associate 2 in IB-M&A
Nov 17, 2021 - 2:32pm

the founders aren't running the firm. this is what happens when you hire the GS guy to run the firm.

  • Analyst 2 in IB-M&A
Nov 24, 2021 - 7:10pm

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.

  • Intern in IB - Gen
Nov 24, 2021 - 7:27pm

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

  • Prospect in IB-M&A
Nov 24, 2021 - 5:46pm

Heard LAZ announced policy of 1 month work from anywhere in the world - any other banks that have implemented something similar?

  • Associate 1 in IB - Cov
Nov 25, 2021 - 11:06am

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  • Analyst 1 in IB - Gen
Nov 25, 2021 - 11:57am

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  • Intern in CorpFin
Nov 25, 2021 - 1:01pm

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  • Analyst 1 in IB - Gen
Nov 25, 2021 - 2:54pm

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  • Analyst 1 in IB - CB
Nov 25, 2021 - 9:37pm

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