The myth of waiting around

What is this myth of people waiting around in the afternoon to turn comments received at 10pm? I am swamped with multiple live deals from 9am to 2am week in, week out and can assure you I'm never waiting around for comments. Basically when I work on something, I push back on something else. 
 

is it just my firm ? If so, how is it possible ? (I mean, you do work on deals, right ? -Deals are not just turned off during the afternoon...)

Comments (8)

 
  • Analyst 1 in IB - Ind
Nov 14, 2020 - 9:34pm

Yup, downtime isn't as much as people say. I don't think the day to day has downtime more so when waiting another project 

 
  • Analyst 1 in IB - Ind
Jan 13, 2021 - 6:34pm

Even on 1 + pitch, there is always work to be done

 
Nov 15, 2020 - 7:51am

I think it became very different when working from home was finally normalized. When I was an analyst, waiting for comments was unfortunately a given. If we had a live deal (obviously) or a strategic alts deck for a board or something of the sort, the whole staying for comments thing became pretty normalized unfortunately. It was a massive waste of time and I will say depended a lot on the MDs who were leading the deal but on aggregate was an expected practice.

 
  • Analyst 2 in IB - Ind
Nov 15, 2020 - 7:39pm

It just depends. I'm cross-staffed with the same VP and different associates so the VP may be tied up on another project and you're waiting on comments back from them, so you get a break. I think if you're on a larger team the squeeze is less on the VPs and more on you/your associate. Just because it doesn't happen to you doesn't mean it doesn't exist.

 
  • Analyst 1 in IB-M&A
Jan 13, 2021 - 6:43pm

In my experience it is highly week dependent. You would have a jammed week and then be pretending to reading WSJ articles for 8 hours the next.  This has been an unusually busy past few months (as heavily noted in the 1st year analyst quitting thread) so there has not been as much of it.  

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