Comments (24)

  • Incoming Analyst in IB - Gen
Aug 21, 2021 - 9:37pm

I'm in the same boat except my firm is hell bent on returning shortly after labor day despite positive cases, a massive renovation so everyone doesn't have a desk only a single box, and keeps saying delta is much scarier and the senior people are going to keep wfh from Florida, the hamptons, or cape cod.

while I wanna leave my parents house, I don't want to deal with the hassle of moving in and then having to wfh again. At that point I should live somewhere more fun with friends outside of the city or have my friends all crash at my cabin for awhile.

im just going to say I'm moving and move on my protected Saturday and hope there isn't a fire drill or Monday pitch.

Aug 22, 2021 - 4:36pm

Hey though I didn't experience exactly what you did, at one point during my 2nd year as analyst, I wanted to/tried to move apartments within nyc. For me to get that done I needed to communicate with all of my active deal teams (which fortunately at the time most stuff was relatively manageable and really only ended up having one project blowing up with urgent requests for the most part) about my interest / kinda need to move places. I did my best to work with the associate / other team members to the extent possible to get my work done while also kinda communicating that I needed some time to move things physically. It did get a bit messy in terms of deal team relations (mainly just one associate was kinda annoyed I guess) but I tried my best to make things okay and like "make it up" to the guy for the fact that I needed to be out of pocket for a bit to physically move places. It's kinda like any other out of work commitment that needs to be managed. I think as long as it's possible to try to communicate with the people who expect things from you and manage getting that to them and keeping them happy with you to the extent possible I think may help. I'm not an expert on this by any means, but just trying to share some background/helpful info and maybe some advice that I hope / think may help. Good luck and best wishes :)

Aug 23, 2021 - 9:37am

You are welcome. I hear. I was kinda surprised how annoyed that team member seemed to have gotten, but maybe they were annoyed about something else in their life and just vented at me idk. The fact that you are doing this earlier in your time there may be a mitigating factor as you might not be relied upon by others so much so early. Seems like a reasonable "on-boarding" type activity for you in my humble opinion. Good luck again :)

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  • Associate 3 in IB-M&A
Aug 23, 2021 - 1:51pm

Unless your firm is literally dragging you back to the office, I'd absolutely stay away from renting in NYC right now. Rents are insanely high and the city is trending towards more restrictions/extended WFH - not a fun time to be locked into an expensive lease and WFH in a shoebox apartment. Look at the current second years, so many moved in last year expecting to return in early 2021 and have been WFH for much of the time. Winter in NYC isn't great even in the best of times, find a short term lease in Florida or a ski area, or save money if you can handle being at home. You have the rest of your life to be in NYC, live somewhere fun or save a ton of money. /end rant 

In NYC you can rent on 2-3 weeks notice (more like 4 weeks in this market, but still shorter than most markets) so you can pivot pretty quickly if firm wants you back.

As far as moving, you can do Sat/Sun pretty easily and let the team know 2 weeks out or so, people are fairly understanding of this type of thing as long as you communicate and are still responsive to emails. If you need 3 days they will probably ask you to officially take off either Fri/Mon. 

  • Analyst 1 in IB-M&A
Aug 23, 2021 - 6:21pm

This is exactly what I wish I could do. My firm is dragging me back though. If they change, NOW, to full-time wfh for the foreseeable future, wow I will be pissed

  • Incoming Analyst in IB - Gen
Aug 23, 2021 - 6:50pm

My firm is trying to drag me back after labor day AND THEN make us do wfh starting Sept 20 through October 10th at the earliest but says realistically it will be November. They literally just told us today. So I guess I'll fly crash at a friends place for the 5 required days in the office over a 2 week period.

  • Prospect in IB-M&A
Aug 23, 2021 - 2:30pm

Just a heads up, I wouldn't be surprised at all if an associate is annoyed that an analyst is out of commission for a few days after his job started due to moving. I'm not saying that most associates wouldn't be okay with it... or shouldn't be okay with it... but the way some (many?) will view it, an analyst is on notice as to when they have to be ready to start their first job. And if you had an opportunity to get yourself all settled in, but opted not to because you wanted to save 1000-2000 bucks by moving in a few weeks later, and you knew this was going to knock you out of commission for a few days, just don't be surprised if that ticks a few people off. Especially when starting off, your job is to make the job of the analyst/associate above you easier... and if you already know that you'll be taking 2-3 days off and there's a live deal going that makes associate's life more miserable bc he's not getting enough help, don't be surprised if he at least subconsciously holds it against you.

  • Analyst 1 in IB-M&A
Aug 23, 2021 - 2:42pm

I mean I wasn't exactly sure when in-person would resume, so I held off thinking it would another long WFH run. Kind of straddled the fence on deciding what to do. Didn't mean to save a few thousand by any means but I can see your point for sure. Well I already signed the lease so I'll what happens I guess. 

  • Prospect in IB-M&A
Aug 23, 2021 - 3:30pm

Yeah, again, I'm not saying you did a bad thing or you're being lazy or anything negative like that. You just have to be careful about perception at the beginning of a job, and making the extra effort to work more, not less. And bear in mind, if a superior is pissed, I'm not even saying it's justified -- but sometimes you get screwed, so just try to avoid that. I guess my point is, don't assume that it's going to be okay with everybody if you tell them "So I'm taking a couple or few days off to move." In the scheme of things, it seems like a reasonable thing. And most people might not care. But try to avoid putting yourself in a situation where you start off on the wrong foot with a superior. Don't give them a reason to say "We're paying these guys a hundred freaking grand, and he's taking a few days off to freaking move?" Maybe try to limit your move to the weekend, and maybe one day off. If you have to stay in a hotel for a night, it's worth it in my opinion, versus telling your team you have to take multiple days off to move.  I think it's the multiple days off that could be problematic.   

  • Analyst 1 in IB-M&A
Aug 23, 2021 - 7:32pm

Already signed the lease but not too worried about paying a bit more. My concern was more of the logistics of moving while being on the desk virtually after starting so soon. Any thoughts? 

Aug 23, 2021 - 8:08pm

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