Hello monkeys,
I recently read this article about Facebook's bereavement leave policy which was, in my opinion, quite generous.
“Starting today, Facebook employees will have up to 20 days paid leave to grieve an immediate family member, up to 10 days to grieve an extended family member, and will be able to take up to six weeks of paid leave to care for a sick relative,”
Just wondered what are the bereavement leave policies in BB investment banks? Do you think they're generous enough? I'm confident that these banks should give some slack to analysts for deaths of family members. Or am I wrong? I'm hoping I don't have to work the coming Monday if a family member just died.....
Not sure if there's a formal policy but generally I think a few days would be fine.
A few days to get over the death of an immediate family member?
Not to be insensitive but life goes on and the markets don't close when a loved one dies.
You've clearly never had an immediate family member die.
.
I have and if I recall I took 5 days off of school. It was some time ago so before university. Whether you take 2 days off or 20 I'm not sure you're going to feel any better. Naturally the circumstances come into play too where if Grandma dies at 90 it's a bit different than your parent or younger sibling dying in a horrible accident.
I think people would be sensitive of a potential loss and it's likely better for you to get back into things for your own sake. Again, I don't think most places have firm policies so you take the time you need while at the same time realizing your time off isn't going to change anything and you are kind of leaving your team hanging if you take extended time off. Ultimately you're an adult and you have to do what's best for your health while at the same time being responsible and managing your commitments.
Frankly, it's a bit of a weird question to ask. I don't know of anyone who would be psyched for tons of bereavement leave as it sucks to have to use it. While it doesn't seem like it all of the time, bankers are still people too and they generally have empathy and compassion.
Life goes on and the markets don't close when you take a few days off for bereavement either :)
Not in IB but I think my HR policy is 3 days leave.
Deloitte's policy is much better. We can take up to 4 months to take care of a sick family member. I know quite a few people who have used this policy. Shits on BB investment banks
This doesn't include Bereavement leave, or the 1 month PTO, or the 6 months sabbatical (basically get to take 6 months off at 40% your base salary) and most people use that to travel the world. Can move to Asia for 6 months while make 40% of an already 6 figure salary
Cool man. Doesn't seem to answer OP's question, but I'm sure all those IB or bust kids will see the light and start doing their obsessing on 'Big4oasis.com'.
Interned at an accounting firm after my first year of university. Partner's wife had a long battle with cancer. She passed, and the partner was back to work later that evening. Probably an outlier.
But I agree with the previous comment that if you take 2 days or 20, you're not going to be jumping out of bed in the morning. The grieving process is long and it doesn't render you incapable of working.
For some people it may just be easier to stick with some sort of routine and let what happened sink in over time rather than to sit at home and kind of face what happened immediately.
What the fuck kind of thread is this? Sometimes I wonder which posters on here are people vs robots
Your clothes. Give them to me. Now.
I know someone whose father passed away during her BB IBD summer internship and she got about 7 days off to go back to her home country for everything. Her group was supportive and she got a return offer and is an analyst there now.
If someone close to me died, I would throw myself into work anyway, because that's just how I am when shit goes south.
But that doesn't change the fact that I expect my firm to have the basic human decency to allow me to take as much time needed to cope. Not everyone is like me, some people need the time.
Some seriously psychopathic posters up top...
Whilst interning another monkey was asked by a VP if he was coming back into the office in the afternoon after a grandparents funeral...
Well did he?
Back in my day we worked so much I wouldn't know if my family was dead because I didn't have time to talk to them. Banking has gotten soft with these weekends off and weekly hour limits.
I took a week off when my dad died and then had to come back to work because I couldn't stand sitting around thinking about it all day. My boss said to take all the time I needed though. Everyone is very supportive in those cases and tbh it's a lot of work planning a funeral (calling the funeral home, inviting people, making sure there's food or some sort, getting the body transferred from the hospital to the funeral home, deciding coffins, calling the cemetery and making sure they know so they can dig the hole, etc.) And then if there's a will the lawyer also reads it at the time of the funeral (though privately and only amongst the people in it) so you also have that to chew on. Plus you in general feel absolutely awful. So it's a lot.
Some of the comments in this thread gave me cancer.
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