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?

Comments (19)

Jul 13, 2015

Yes, you can take time off. You also have a mandatory 2 week vacation per compliance

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Jul 13, 2015

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.

Jul 13, 2015

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.

Jul 13, 2015

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.

Jul 14, 2015

That makes sense, thanks for the answers guys.

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Jul 14, 2015

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.

Jul 14, 2015

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.

Jul 14, 2015

" And if yes, what percentage are you supposed to take"

100%? It's part of your comp dude, take them.

Jul 14, 2015

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.

Jul 14, 2015

Aren't there a few days where bonds are closed but equities open?

Jul 14, 2015
cheesebeans:

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.

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.

Jul 14, 2015

So FX/rates guys, for example, only have a Christmas/New Year's Day-off type of thing?

Jul 14, 2015

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.

Jul 14, 2015

Interesting, didn't realize there were such discrepancies in days off within S&T...just figured everyone always got off major U.S. holidays...

Jul 14, 2015
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