IB Summer Analyst WFH Hours
Hey WSO,
I'm currently an SA at a boutique bank and just got off a call with a couple other Summer Analysts, collectively we're each putting in around 100 hours per week with two of them getting around 4 hours off every night. For context, I'm living with a first-year analyst at a notoriously sweaty firm who is working substantially less hours and admits that this situation is wrong.
It seems like we're the higher performing analysts and this is a result of them trusting us with more responsibility without realizing our situation since we're working virtually. Are any of you going through this or have heard of similar stories about this summer?
Ya currently an SA at a MM bank and putting in about 4 hours a day lol
same. HR told us not to go over 40hrs/wk
I know some people at banks that have that policy but are being assigned work that takes well over that much time. Are you actually only working 40 hours at your bank or is it more of a policy the same way some people treat protected weekends.
Is your bank or group known to be stronger or weaker? Not meant as an insult, but wondering if those with more chill summers are those in groups with maybe less deal flow especially during this time or its just how much work different bank groups are expecting their interns to do during the summer.
Root is either lack of deal flow or just that seniors in the firm want to protect SAs.
My group has great dealflow rn and I'm working strict 9-6 atm, which is nice because I get 1 hour of OT every day haha.
Firm wide policy at many banks to not let summer analysts work on live projects while virtual due to security and compliance concerns.
Wow tough to hear - don't think that's normal for a virtual SA to be pulling those hours
RBC/JEF/UBS/DB
~80-90 hours/week. but, breaks through the day given WFH.
At EVR/PJT, working ~15 hrs a day with easier weekends and breaks across the day.
The thing that you also need to appreciate is that you are not wasting a single second on commute. So while you're putting in these "hours".... you're rolling out of bed and logging in, catching up on emails and other morning work. Taking a shower when you can so that you're somewhat presentable and sitting around waiting for comments while watching ESPN or your favorite netflix series.
I'm not trying to be an ass. But let's be real.... 15/16 hour days during Covid are probably comparable to a 12/13 hour day non-Covid. Throw monkey shit all you want. But no one is walking by your desk and seeing if you're busy. There is no staffer who is aware of your bandwidth. Keep that mouse moving, making your skype or teams available and you're fine. Stop complaining.
lmao what do you mean by bandwidth?
Availability to take on additional work.
MM ~70 hours for me
at EVR/MOE/PJT and feeling the heat with 80-100 hrs/wk. at least WFH has allowed for breaks in the day
Bro, You're At Moelis...
At a BB, feels like I'm on track for 60-70 hours a week on average. That is just hours "logged on". Actual work is another story...
60 for me, not sure if I should log it
“We are high performing analysts.”
Do not take this as a personal insult, but as a summer analyst you’re definitely not being considered a “high performing analyst”. You’re either getting stuffed dumped on by 2nd year analysts who are leaving soon, or you’re putting those hours because it takes you 3x the amount it would take a FT analyst to do the work.
I am telling you this because I was the same way and also worked multiple 100+ weeks during my summer internship. It was not because I was a “high performing analyst”. I did get a return offer and I am still working at the same BB, but just realize sometimes you work those hours because you are still learning (to not say “suck at the job”).
Either way, best of luck! You seem eager and motivated so I am sure you will get a return offer.
EVR/PJT/CVP 80-100 hrs
What is hourly pay like at those shops? What is the OT policy?
I've fluxated from 40-85ish a week
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