PTO in RE

REPESailor2020's picture
REPESailor2020 - Certified Professional
Rank: King Kong | banana points 1,326

What is your PTO in RE?

Example of my situation:

Position: Analyst
Field: Development
PTO: 10 days

If you have any other interesting set up, like unlimited non-paid time off, let us know. If there are any other interesting perks you have, that would be cool too.

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Comments (55)

Dec 12, 2018

20 days PTO
4 personal days
all the holidays
can also purchase 5 days and rollover 5 days every year
as many sick days as you want
20 days backup care per kid
tuition reimbursement
cover your closing cost for 1st home purchase

    • 2
Dec 13, 2018
thhddd:

cover your closing cost for 1st home purchase

First time I have ever heard that- that is a really cool perk!

Dec 13, 2018

It is actually genius, unless the employer is selfless, I think the idea is that the home purchase locks the employee into the job. Less turnover expense. I am probably over thinking it. Maybe just a nice perk. From reading the other benefits, it looks like the employer is just a good person, interesting.

    • 1
Dec 13, 2018

Is this srs?

Dec 12, 2018

21 days PTO
+ all normal holidays

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Dec 12, 2018

20 days PTO
1 floating holiday
+ all normal holidays
unlimited rollover (sick days only)
unlimited work from home

Jan 2, 2019

+%+%+%+%+%

Dec 12, 2018

25 PTO
Normal Holidays
Can work from home if sick
12 weeks paternity leave

Dec 12, 2018

10 Vacation
2 Personal
8.5 Sick

Use it or lose it

Dec 13, 2018

Companies with grade school attendance policies like these make me cringe.

I'm at work when I want to be and take off when I want to take off. No one keeps track of it because they have better things to do and trust me as a professional not to abuse it.

    • 4
Dec 13, 2018

This.

PTO is idiotic. This is a business where there is a lot of money in play. You are always on call. Not cause you have to be, but cause you want to be. If that's not your mentality then good luck. In consideration for one's commitment and dedication to their craft, one is afforded a loose leash with respect to PTO.

    • 2
Feb 9, 2019

My thoughts exactly. I get 10 days PTO but they don't mean shit. I have to work when I have work to do. I don't dare not respond to an email just because I'm laying on the beach somewhere. This is CRE and those deals won't close themselves.

Dec 13, 2018

What's the headcount at your company?

When I worked for a smaller firm this was the policy. As the company grows and HR policies need to be put in place this type of system doesn't work as people get butt hurt when they see coworkers taking more time than you are.

    • 1
Dec 12, 2018

Unlimited PTO policy doesn't work at big company either, say Netflix

When you have unlimited PTO, people end up taking less days off. But when you have defined benefit such as 18 weeks maternity leave, everybody takes 18 weeks off, and btw 18 weeks maternity are standard at pretty much all banks now, and some tech companies offer you 6-months maternity leave

Dec 13, 2018
picklemonkey:

What's the headcount at your company?

When I worked for a smaller firm this was the policy. As the company grows and HR policies need to be put in place this type of system doesn't work as people get butt hurt when they see coworkers taking more time than you are.

  1. I agree with you 100% though on the small vs. big divide.
Most Helpful
Dec 13, 2018

100+. We are segmented. Investment/acquisitions teams are afforded more leeway.

An accountant doesn't network, read applicable literature, etc... once they leave the office. Investment guys work tirelessly to perfect their craft and make sure they're up to speed on the current state of markets. As such, if I'm in cabo for a a few days and don't take PTO it's prob cause i.) I will respond to emails/continue speaking with my peers and ii.) I've put in an an uncountable amount of hours of "extracurricular activities" so you're damn right I'm keeping those PTO hours for when i actually want to (can) disconnect).

Just the culture here... Maybe that ain't right but whatever.

    • 4
Dec 13, 2018

Definitely this.

Also, and this is a personal pet peeve of mine... if you're taking vacation, announce it ahead of time and then turn your phone off. If you've left everything in order, no one needs you to be answering emails from the beach.

    • 2
Dec 14, 2018

Agree with this. Even though I'm at a large company with formal HR policies, no one actually gives a shit how much you take off as long as you deliver and get your work done. I have no idea how many "formal" days I have. I just email my boss when I have a trip coming up and let him know I'll be out of pocket. I've been at my current job for about 9 months and I think I've taken close to two weeks already. I will never again work for a company that actually tracks your time - did for my first job and that experience was a joke. Makes you feel like a child. Excuse me sir can I go on vacation please! Fuck that lol.

    • 3
Dec 14, 2018

Out of curiosity, how much do you think you normally take?

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Dec 13, 2018

Second Year Analyst - 17 Days + 3 Sick Days

Dec 13, 2018

14 days.

But would get looked at funny if I took it all.

Dec 13, 2018

I get looked at funny if I try to take any of my 10 days! ha! but the job is cool so...

    • 1
Dec 13, 2018

17 days PTO
5 sick days
All other typical US holidays, and just got two extra days off around Christmas and New Years

Dec 13, 2018

12 accrued vacation days per year

1 bonus vaction day per year of service (earned on 1/1 and capped at 10 days)

14 sick days (bankable)

Option to convert 5 sick days per year to vacation after 5 years of service

3 Personal days (use it or lose it)

12 Company Holidays

Pres usually closes the office for another 5 days per year

Funniest
Dec 13, 2018

The Waterfall of Vacation Policies

    • 6
Dec 13, 2018

You can tell there were some deal people negotiating!

Dec 13, 2018

10 Accrued Days PTO
Handful of Sick days (~1 wk?)
All major holidays

After reading how liberal some of these are I feel like an idiot for not using time-off as a negotiating point in my recent review..

    • 1
Dec 13, 2018

Position: Analyst (right out of college)
Field: Development (Secondary Markets)
PTO: 10 days
6 Sick Days, but that's more of the written rule, manager will allow as many as I need as long as I don't abuse it.

Dec 14, 2018

I'm on production, so both zero and as many as I want is really how it goes for PTO. I send an email to my boss, say I'm out from x to y, and we go from there to figure things out. I might not get paid on something that happens then, but I would have been following anything that I would be paid on all the way to the finish line.

Dec 14, 2018

Analyst level at UK developer

25 days PTO

Normal holidays

1.5 extra days at Christmas

Option to buy 5 more days

Option to roll over 5 days

Dec 13, 2018

wow.... that is a dream...enjoy that ... especially in Europe! lots of easy travel.

Dec 17, 2018

Can i Pm you about recruitment and entry salary position for Uk based analyst?
Thanks a lot!

Dec 15, 2018

Agreed - seems legit. I'd imagine if I was in a similar situation I'd be doing a lot of 3-4 day weekend trips.

Robert Clayton Dean: What is happening?
Brill: I blew up the building.
Robert Clayton Dean: Why?
Brill: Because you made a phone call.

Jan 2, 2019

PTO is idiotic. This is a business where there is a lot of money in play. You are always on call. Not cause you have to be, but cause you want to be.

    • 3
Dec 13, 2018

I would say that is true for some associates, but mostly after associate. When you are compensated in large part by promote, or when you have skin in the game alongside others in the firm, PTO is silly because you are invested and the business results impact you. You can write your own checks as far as PTO is concerned because the assumption is that you are value add. Until we can be value add (to the degree above), us juniors rely on PTO to maintain sanity.

EDIT: Are you making the argument that you do not think PTO is worth taking because you might miss an opportunity?

    • 1
Jan 2, 2019

Haha this guy is a bot. It just copies and pastes other peoples responses.

Ctrl + F anything from his comment

Fuckin my way thru nyc one chick at a time

    • 2
    • 1
Jan 2, 2019

Officially I have 10 PTO which is ludicrous. Unofficially, I take like 20-25 but I'm basically always on call. Spent all Christmas even and Christmas day working on an RFP some dickhead made due the 28th.

Just to echo what most others here have said, after a certain point with all the extra crap if someone ever tried to enforce 10 days on me I'd lose my shit.

I actually find it a bit of a turnoff when hiring companies talk about it now, I'm a big boy and get my work done. That's what you should expect from everyone regardless of their level. I tell my analyst all the time I don't care if it takes you 20 hours or 120 hours a week just get your work done.

    • 1
Dec 13, 2018
alyoop928:

Spent all Christmas even and Christmas day working on an RFP some dickhead made due the 28th.

Woof. What a prick.

Jan 4, 2019
alyoop928:

Officially I have 10 PTO which is ludicrous. Unofficially, I take like 20-25 but I'm basically always on call. Spent all Christmas even and Christmas day working on an RFP some dickhead made due the 28th.

Out of principle I wouldn't even look at that deal.

Jan 3, 2019

20 PTO Days and 14 holidays

Like most people have indicated here, there are no set hours. No one is punching the clock when I'm with investment sales brokers til 2am or when I'm in the office multiple weekend days...so some days I'll leave at 3, take an unannounced Friday off. Really, no one cares if you're getting your stuff done.

    • 1
Jan 3, 2019

Position: Financial Analyst
Field: Asset Management
PTO: 15 Days, All holidays

Jan 28, 2019

Position: Analyst
Field: Bank
Vacation: 22 Days
Sick: 4 Days
Personal: 2 Days
Holidays: All Bank Holidays

Roll-over up to 5 vacation days - paid out for unused vacation.

Dec 13, 2018

But seriously, how much do you like bison?

Jan 28, 2019

Enough to consistently inform colleagues that the "buffalo" they saw in Yellowstone National Park was actually a bison, and that "buffalo" is an inaccurate American colloquialism for Bison.

Don't get me wrong, buffalo do exist, just not in North America. So yeah, I really like bison.

    • 1
Jan 29, 2019

15 vacation; I believe 5 sick days but may be more; 10 national holidays