"Protected Saturdays"

Whether you're at a BB / MM / EB, how truly protected are your Saturdays? How well does your team enforce / abide by this concept?

I have several hours of work each Sunday (which is a given in my group) but luckily have had most of my Saturdays untouched except when working on a live deal / important pitch. My fellow analyst, unfortunately has not been as lucky so I have a feeling it's not gonna last.

However, I noticed that other groups at the bank enforce this policy much more / cares more about it than my own group. 

What do your banks/groups do about this?

Comments (51)

  • Analyst 2 in IB - Cov
Jan 21, 2022 - 8:57am

MM - Very much respected, especially within the last 12 months. Will still have grindy Saturdays for live deals or big pitches, but would probably say 75% of my Saturdays entail zero work.

Most Helpful
Jan 21, 2022 - 11:11am
ws-intern001, what's your opinion? Comment below:

Protected saturdays generally respected but have to do small amounts of live deal work occasionally. However - the couple times I have been asked to do non-deal related work during protected hours for no good reason, I remind them it's protected hours and I'll do it Sunday. You need to push back if someone asks you about doing non deal work during protected hours. It's a slippery slope - you do it once and it's going to turn into an every weekend occurrence. I've seen it happen with other analysts. Each time I've pushed back (only on non deal work during protected hours) I've gotten respected answers from seniors because they know it's true and they could technically get in trouble for forcing someone to do it.

  • Prospect in IB-M&A
Jan 26, 2022 - 8:58pm

Whats the best way to approach this convo with a senior without hurting their fragile egos (atleast in my group lmao)

  • Associate 2 in IB - Gen
Jan 21, 2022 - 1:56pm

Seems logical. For me I've noticed that no matter if I do any work Saturday, regardless, I'll just get brought into more projects on Sunday anyway if I'm not working on anything at any given time, so working on Saturdays doesn't provide me with more free time on Sundays - it just increases the proportion of the full amount of total weekend work I do relative to the rest of the group.

  • Analyst 1 in IB-M&A
Jan 26, 2022 - 4:22pm

Work at Jefferies. I've worked 5-10 hours every Saturday for months. To say it's been shit is downplaying it. Sounds like it's very group by group, but i know in some groups (like mine) we work 10+ hours on Saturday and Sunday every week

  • Prospect in IB-M&A
Jan 26, 2022 - 9:00pm

Any insight on Energy group in htx? Heard its brutal obvs but was told protected saturdays have been more enforced lately due to turnover etc.

  • Associate 3 in IB-M&A
Jan 26, 2022 - 11:36am

BB - Saturdays are taken very seriously and need a waiver from MD to group head to work on a live deal. Multiple consecutive waivers or MDs who waive all the time are flagged. Work 5-6 Saturdays per year. Friday nights are technically also protected but in reality, people do not respect them as much as Saturday.

  • Analyst 2 in Consulting
Jan 26, 2022 - 1:27pm

So none of you guys go to church? I can't imagine slaving away on a Sunday as if it's Monday. Would rather let the work slip into Saturday and keep Sunday fully protected. 

  • Associate 3 in IB-M&A
Jan 26, 2022 - 4:44pm

It's usually okay to go to church Sunday if you hit a 9am service + keep your team informed if you have things going out Sunday morning. Maybe 2-3 weeks a year you will have to skip it for a live deal situation. An 11am service plus lunch after is not going to work most weeks though.

Jan 26, 2022 - 4:15pm
Psil, what's your opinion? Comment below:

from what I've seen at some banks, seems like they're generally pretty protected

Array

  • Associate 1 in IB-M&A
Jan 28, 2022 - 12:49pm

In M&A group, I didn't even know we had a protected Saturday policy until recently

  • Associate 3 in IB-M&A
Jan 28, 2022 - 1:59pm

JPM - nothing is protected - work 7 days a week - all day every day. someone get liquidity to pressure seniors to get us a protected day, seems to be the only thing that works

Jan 29, 2022 - 8:22am
TheBuellerBanker, what's your opinion? Comment below:

The way we've communicated our protected saturdays to the firm is that it's a time where unless you're on any kind of live situation, you are under no obligation to reply to emails and or any other kinds of work communication. We definitely don't say you shouldn't work though - like if you want to catch up on work uninterrupted then it's a perfectly good time to do so. We just want to use the time to relieve people of the burden of having to be responsive to non-live deal work emails.

  • 1
  • Analyst 1 in IB - Cov
Mar 2, 2022 - 7:41pm

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  • Analyst 2 in IB - Cov
Mar 2, 2022 - 10:12pm

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