Do people who work in S&T get any time off?
Hi, I was just wondering whether people who work in S&T get any time off apart from the public holidays when the markets are closed. i.e do any of them get to go on a weeks vacation with their family or so?
Yes, you can take time off. You also have a mandatory 2 week vacation per compliance
Yeah you'll be required to do a mandatory 2 weeks off. Junior people on the desk will end up covering for more senior people when they're on vacation so don't expect a lot of time off outside of those 2 weeks. Varies by firm and by desk.
UK slightly different to US, we dont look down on people taking holiday. In fact the opposite is true, if you dont take your allocated holiday you are considered an idiot.
As a junior person, it's probably pretty uncommon to take a large chunk (ex. 1 week) at a time outside of your mandatory 2 weeks.
But, it seems pretty encouraged to take a day or two off here and there as long as no one else on your desk is also taking time off.
That makes sense, thanks for the answers guys.
Working at a US office with a very international work force and the above posts are supported. 1-2 year analysts rarely take more than a Friday-Monday off. Traders have compliance mandated time off so there's a annual floor of about 2 weeks for them. American traders I don't see take much extra time off but the international guys are known to occasionally take 2 weeks off, 1 week working from home, and another week off essentially creating a month long vacation. Varies a lot based on team and office culture.
Vacation time S&T in London (Originally Posted: 12/24/2007)
I was surprised to see that I had 25 days off in my contract, is there some sort of tacit rule that you are not supposed to take all of them? And if yes, what percentage are you supposed to take (I am mainly interested as to how it applies to 1st and 2nd year analysts in Sales ;)
Yeah, definitely do not take 25 days of vacation. The best way to figure it out would be to wait till you start, and speak quietly to the youngest analysts around to get a feel for how much vacation people usually take. My guess would be about 10-15 days max.
" And if yes, what percentage are you supposed to take"
100%? It's part of your comp dude, take them.
Holidays off in S&T varies by desk? (Originally Posted: 02/17/2015)
Given that yesterday was President's Day, and the U.S. markets were closed, it got me wondering about who on the trading floor does/doesn't have off. I'm sure the equity traders/salespeople did, but what about others who trade global products, like FX? Does everyone (based in the U.S.) just get off holiday's when U.S. markets close, or is it product/asset-class specific?
It's more product specific, I'm on the Fixed Income desk and we only get days off when the Fed/DTC/FI Markets are closed. We have less closures than equity markets.
Aren't there a few days where bonds are closed but equities open?
I do not know what part of fixed income you work in, but this is patently not true for credit.
HY or IG has more earlier closes and trading holidays than equity.
So FX/rates guys, for example, only have a Christmas/New Year's Day-off type of thing?
FX trades on global books so they don't get the US holidays off. Some of rates also trade on global books so some of the desk will be in. FI at my bank gets the US holidays off.
Interesting, didn't realize there were such discrepancies in days off within S&T...just figured everyone always got off major U.S. holidays...
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