PWP and Timesheet

Heard from friend that you need to submit a weekly timesheet at Perella Weinberg to the staffer on the projects you are working on each week and the estimated time spent on each. As a result, many analysts don't want to "overbook" their hours and end up killing themselves and go beyond their staffing capacity (ie. 90 hours on paper turns into 120+ hours actually worked).

Anyone else think this is a stupid system?

Also, please confirm that headhunters are completed fended off and analysts do not have access to exit opps. Thanks.

 
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That's fine. But why would you do it to a class of 6? It is clearly a well schemed mechanism used to create a competitive environment and overwork the analysts (ie. Analyst books 90 hours and actually works 100 hours. Analyst 2 knows that, wants to impress the staffer and books 80 hours but actually works 110).

whateverittakes:
At my bank (not PWP), time sheets are used in bigger groups. It's not unique to PWP. And yes, there is a lot of temptation to overbook.
 
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