So what's December like for you FO guys? It's interesting in BO . . .

GoingToBeAnMD's picture
Rank: King Kong | banana points 1,447

As I've posted here before, I'm BO at a BB, and generally having a great time with it. I even did an AMA on managing my Summer Analysts if anyone wants to look up my post history.

So what's December like for you guys in FO? I'm genuinely curious because it's been interesting in BO. There's a holiday event every day (contests, free hot cider, department lunches, company gift, etc, etc). Some groups are done with their work for the year, so they're basically sitting around. Some people have so much vacation time left that they're taking most of December off. Like they came back for one week after Thanksgiving and then not due to report again until 2019. Other people have such a light workload that they work the morning and then spend the rest of the day socializing. If you check people's calendars, you'd have an easier time going to hunt for a samsquanch than finding someone in the office after the 20th. Every call I'm on is basically, "let's just table this until the new year . . . "

It's actually put a nice, friendly air in the office because people are constantly stopping by your desk just to say hello or otherwise burn up time. You walk around and half the floor is basically just shooting the shit with the other half! Hate to say it guys, but the term "easy street" comes to mind. I can see why there are career BO folks, no question about it.

Is FO the same way?

Comments (34)

Funniest
Dec 12, 2018

I hear I get both the 24th and the 25th off, and I am so dang excited about it

Maybe things will get really wild and I'll be able to head home by 5 on the 23rd

    • 31
Dec 14, 2018

All the bananas on this post speak volumes

    • 1
Dec 12, 2018

I work in technology at a Large multi-national bank (not BB). It's been downright ridiculous here. I haven't seen or talked to my manager in over a month. He has canceled our last 3 bi-weekly meetings and he hasn't bothered to explain why or reschedule. I think the guy might be going through a mid-life crisis or something, idk who knows. So many people are out on vacation that we've pretty much put a halt on all our projects. I've been working from home (watching TV with my laptop volume on max to hear emails/pings) pretty much every day since mid November. There are some days where I've really tried my luck too. I once went to a casino 1.5 hrs away and used my phone to log on so that I show as available to my coworkers. Got a few messages and had to jump on a call that i ran to my car for, but aside from that, went pretty damn smooth haha. I think I will get back into work mode around second week of January.

RIP theaccountingmajor

    • 5
Dec 14, 2018

Good point. With the 1st being Tuesday, basically it won't be a full office again until at least the 7th.

    • 1
Dec 12, 2018

Been on cruise control since the week of Thanksgiving haha

    • 2
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Dec 13, 2018

Not FO, but still its BAU for me.

    • 1
Dec 13, 2018

The time before Christmas Eve is busy, but there is little activity in my group from Christmas Eve to New Years.

    • 2
Dec 13, 2018

Currently a summer analyst at a LMM family office which makes private equity style investments. The CEO is on a family holiday and the VP / head of asset management is on a 'business trip' back to his hometown to 'evaluate potential deals' - meaning the analyst team basically has nothing to do. We're running through some irrelevant due diligence, but are having long lunches as a team and are leaving around 3:00 pm each day. We won't come in after the 22nd - apparently this is typical of the fund around December time.

Edit: For reference I am in Australia, hence a summer analyst during December (through to February).

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Most Helpful
Dec 13, 2018
John Tuld:

Currently a summer analyst at a LMM family office which makes private equity style investments. The CEO is on a family holiday and the VP / head of asset management is on a 'business trip' back to his hometown to 'evaluate potential deals' - meaning the analyst team basically has nothing to do. We're running through some irrelevant due diligence, but are having long lunches as a team and are leaving around 3:00 pm each day. We won't come in after the 22nd - apparently this is typical of the fund around December time.

How are you a summer analyst in December?

    • 21
Dec 14, 2018

Same question here.

Dec 13, 2018

I'm from Australia, sorry I should've noted that...

    • 6
Dec 13, 2018

So happy for you

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Dec 13, 2018

Who tf is "Samsquanch"?

    • 3
Dec 13, 2018

Exactly

Dec 14, 2018

You have so much to learn, little one. Spend your holidays getting to know Julian, Ricky and Bubbles.

    • 3
Dec 13, 2018

We are officially dealing with a samsquanch! Boy i hate those bastards...

Dec 13, 2018

I've yet to have a holiday season like that.

Somehow it always works out that a deal signs or closes on or around Christmas Eve. We've had an incredibly busy year, even for banking, so we are feverishly working to finish strong. Always sprint through the finish.

Dec 14, 2018

whats the activity like soon after your team closes a deal?

Dec 13, 2018

Depends on how many deals are going on - if one closes while we are in the middle of two more (like right now), then it's a perpetual state of busy.

    • 1
Dec 13, 2018

Pitches go away around the holidays. But if you're on a deal it's pretty fucked. At that point you're just hoping the deal team is cool with you working from your vacation spot.

    • 1
Dec 13, 2018

Well we get paid more than $30.00 an hour for one thing, so that helps. Normally get to give some pretty good christmas gifts too. TV's, shoes, the works. Word on the street is there's a secret santa pool among Evercore and Blackstone associates with a $5,000 buy in. Could get interesting.

    • 1
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Dec 14, 2018

Businesses are not making any purchasing decisions right now. Hard to get them to make a move before 12/31. Most are saying they are "waiting till new year to decide"

so im basically watching tv/netflix all day

Dec 14, 2018

Yeah, I've had 3 vendor calls with my MD in Dec and it's always about doing it in 2019

Dec 14, 2018

Scrooge (PM): "You might not get a bonus this year, Bob (Analyst)."
Tiny Tim (Black Friday & Christmas orders): RIP

    • 1
Dec 14, 2018

That certainly is a possibility for BO. News is only just now starting to trickle out at my BB. Very early word is that bonus pool is same as last year and that's not necessarily a bad thing. But again, that's just an early rumor, more news is bound to come out.

Dec 15, 2018

Never waste your annual leave in Christmas, no one gets anything done meaning you have no work.

    • 1
Dec 19, 2018

I'm in a mid-sized VC shop, ~100 employees. It's been pretty busy the last few weeks, setting our targets and lineup for 2019, prepping recruitment schemes for our portfolios co's, etc. We also threw a bunch of holiday parties for all our guys, and vice versa. Last Thursday was department potluck before majority of the team took off. Today it's virtually a ghost town: myself, a couple of Partners, and a handful of local guys. I'm taking off tomorrow. Although not officially mandated, everybody reports back on the 7th.

    • 1
Dec 19, 2018

I don't think holidays exit in Asia. Currently still working through to close a few deals. Perhaps mid Feb when things slow down, I can take a vacation. For me, at least, I don't see any correlation between holidays and my workload. FML.

    • 1
Dec 20, 2018

for me it's christmas

    • 1
Dec 14, 2018

Good man

Dec 20, 2018

At a BB in IB - okay holiday party and everyone seems to have a few days off / MDs are barely in / demanding bitch work since deal flow is slow. Not sure if it's just my BB, but my friends in Tech seemed to have way more baller parties.