IB hours during WFH
For those currently working in IB, how are your hours now that you are working from home? Are they worse than normal?
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Generally better as most deals / pitches are on hold. Still can be sporadic though.
Have worked 2-3 hours a couple days, and also was up until 2 am last night.
I made this comment earlier in COVID. April and May was very slow and close to 40 hours a week.
June picked up with a lot of pitch work. It has been absolutely brutal since the beginning of July with no end in sight leading into Christmas. The work / life lines are very blurred with WFH and it’s been a mentally and physically draining couple of months
Incredibly chill - hours have halved, still keep the laptop on into the evening for some emails and “virtual facetime”. Number of pitches have dramatically decreased and live deals all put on hold.
Interested in more feedback. Can anyone responding please include some info on the bank (location: NYC, Houston, etc; Type: BB/MM)? Thanks.
Getting crushed. All the MDs are trying to meet via calls with all of their clients / connections so we're preparing multiple books and everyone is getting crushed. Ironically, busier than I was in the last six months lol
BB SF - 50-60 hrs a week vs the 75ish they were before, some days no work other days 12-1am
Bump
Seemed like the people at the bank I interned at this past summer, most people were getting crushed way more than usual, though there was a slower time earlier in the year around March/April. Curious to hear from other analysts as well. I thought in theory WFH would be nicer due to no commute, casual clothes, and not having to appear busy during downtime, but the general sense I got was that at least juniors wanted to be back at the office.
It was slow for a time during April/May when debt markets were shut for MM companies. Since late June, it feels like we've worked twice as much as usual and we probably have done a year's worth of work in 4 months, as companies have been forced to take action to survive or thrive in the current environment. Hours have been much worse and it doesn't help that I'm only steps away from fridge, coffee machine, or bathroom, so I'm constantly at or near the laptop. Walking around the office and grabbing lunch/coffee provides natural breaks that are harder to replicate at home. It's starting to die down a little now, as companies realize that they're not getting something done by year end if they haven't already started a process. Working on live deals seems manageable. How busy it is depends on how aggressive your MDs are in terms of pitching/business development.
Got it, thanks
Same experience over here
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