BB/EB 1Y analyst hours WFH

Wondering how the hours have been for 1Y analysts WFH due to covid? Have been reading it was really bad in 2020. has it gotten better? do you still have downtime during the day to work out/do chores or are MDs so desperate for business that they are shoveling shit non stop for you to turn/pitch? how many hours a week?

Comments (66)

 
  • Analyst 1 in IB - Ind
Feb 20, 2021 - 2:14pm

Pretty constant work averaging 82 median is 87 a week. High of 110 (hit it 3x) since starting in Aug. low of 45 (week of Christmas/NY and Thanksgiving was 50)

 
Feb 20, 2021 - 3:06pm

Yup, c.90 per week on average which is not terribly worse than before..it's just the feeling new analysts have that they need to be constantly on stand by, picking up the phone on 4am on a Friday (has happened to me) in combination with the lack of mentoring / teaching and loss of office fun and chatter. Working in the same place you eat, relax or watch a movie doesn't help either - no chance to unwind really

 
  • Analyst 1 in IB - Ind
Feb 20, 2021 - 3:20pm

So you work 9am - 3am Mon - Fri plus 20h over the Wee constantly?

 
  • Analyst 2 in IB - Gen
Feb 20, 2021 - 4:06pm

Unfortunately, yes but we have been closing a pretty large number of deals to be fair. They aren't as aggressive with the pointless pitching so I'm not as frustrated. Sundays are full 9am-3am days now though, no exceptions.

 
  • Analyst 2 in IB - Ind
Feb 20, 2021 - 3:56pm

9 to 2am minimum.  I'm in a lifestyle group bb too.

 

Its hell.

 

 

Don't do ib.

 
  • Analyst 2 in IB-M&A
Feb 20, 2021 - 6:17pm

2nd year at an EB sweatshop.

Plenty of cases where 1st years have been spending over 120+ hours consistently over a few week span.

IB is just broken - I feel bad for them and the next class as well. 

 

 
  • Analyst 2 in IB - Ind
Feb 21, 2021 - 4:04pm

Plenty of cases where 1st years have been spending over 120+ hours consistently over a few week span.

 

My man, you can't mean this literally / precisely, right? My worst week ever was just shy of 130 hours logged and I can't believe keeping this speed for 3 (or even 2) weeks is humanly possible. I don't work at an EB sweatshop, so i don't really know what it's like but I just can't wrap my head around that.

 
  • Analyst 2 in IB - Ind
Feb 21, 2021 - 3:11pm

to be fair ECM getting crushed these days too. Especially with the amount of SPAC work. there's nowhere to hide lol

 
  • Analyst 1 in AM - Equities
Feb 21, 2021 - 1:19am

i think u guys are forgetting that due to WFH and COVID the hours are definitely 15-20% more than normally would be 

also feel bad for current 1st year analysts 

the best part about the analyst program is the comradery you develop with your class

its like pledging, its gonna be hell when your enduring it but you'll be making great friends through the process

 
  • Analyst 2 in IB-M&A
Feb 21, 2021 - 10:30am

2nd year EB here, hours were much better pre-COVID. Since June it's more or less been 9 AM - 3 AM, M-F. Then not much weekend work usually.

 
  • Analyst 2 in IB-M&A
Feb 21, 2021 - 10:51am

Been a few things that have cycled through since March when COVID hit, but done ~5 pitches, and main staffings have been: 1) a dual track IPO / broad auction sell-side process that is endless work 2) large sell-side for a PE portco 3) majority recap of company in distress during COVID - been lingering for a while and randomly pops up with new work 4) targeted sell-side for ~$1B revenue direct marketing business that is ramping up now as 2 and 3 are slowing down in work

 
  • Analyst 2 in IB - Ind
Feb 21, 2021 - 10:59am

How do you manage not working over the weekend? No live deals or MDs just too nice to send emails during weekends which is hard for me to imagine

 
  • Analyst 2 in IB-M&A
Feb 21, 2021 - 11:08am

It definitely still happens, no protected weekend policy or anything. If something comes up Saturday and it isn't a fire drill then I defer to the first year except on the deal where I don't have anyone below me on. I honestly forego my Friday night in an attempt to have some freedom on the weekend. What also helps is I am going to be an A2A promote whereas most other 2nd years are going to PE, so the staffings and general attitude is slightly more favorable than those that are bailing.

 
Feb 21, 2021 - 11:27am

Think the following is somewhat representative for my firm (think GS/MS/JPM/EVR/PJT/CVP type) based on my hours and analysts I know in a few other groups:

Monday - Thursday: 9:30am - 1:30/2am

Friday: 9:30am - 9pm

Saturday: 4 - 6 hours total

Sunday: 10:30am - 1am

90-95 on average seems about right with hours flexing up to 115 / 120 on bad weeks and lighter weeks closer to 80

 
Feb 21, 2021 - 3:07pm

NegativeWACC

Think the following is somewhat representative for my firm (think GS/MS/JPM/EVR/PJT/CVP type) based on my hours and analysts I know in a few other groups:

Monday - Thursday: 9:30am - 1:30/2am

Friday: 9:30am - 9pm

Saturday: 4 - 6 hours total

Sunday: 10:30am - 1am

90-95 on average seems about right with hours flexing up to 115 / 120 on bad weeks and lighter weeks closer to 80

My group had hours like this. Getting bad flashbacks.

 
  • Analyst 1 in IB-M&A
Feb 23, 2021 - 2:25pm

@ one of the firms you mentioned. that was close to my schedule last week. only 2 hours of sat work but 8am until 1am on sunday. monday was 9am until 330am. 

 

brutal stuff.

 
  • Analyst 2 in IB - Gen
Feb 21, 2021 - 3:23pm

I don't think hours will ever go back to Pre-COVID until a market crash. The MDs figured out zoom calls and can have more meetings, and thus need more materials. This will likely be the standard going forward.

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