Just curious that for those of you in PE or IBD (no interns or prospects pls) what is the general expectation among your team mates about when you can return to your office? end May? or late this summer (like August or Sept?).... I am guessing it's proven really hard to be executing transactions or having management meetings via Zoom or from home.
Interested in hearing opinions of those based in the US
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End of May or early June. Line in the office pool is currently May 25th and I'm taking the under.
my firm (a BB) is taking a regional approach. NYC people probably not for some time, in other locations, particularly the south, will be a gradual approach. I think first it'll be employees only, no external visitors, but the option to work from home and all the associated perks with that will remain (normally it's not an option for PWM non-exempt employees). likely enforcing some level of protection, either masks, social distancing, etc., but social distancing is not practical for an office environment so no clue how that'll happen. betting this happens mid May unless southern states fuck this up (thanks a lot for jumping the gun Georgia, I hope the best though!)
second phase will be reopening external visitors, with likely some enhanced cleaning procedures and some sort of questioning (did they eat the Wuhan platter at lunch? have they been using a jockstrap as a mask? do they wash their hands in bleach?). I'm guessing this starts June 1.
final phase is full reopen, no more moratorium on biz travel, every employee back in office (highly encouraged, but not mandatory), no more pre-approvals needed for visitors. end of Q2.
the good news is by the end of Q2, I'll have a 100 day beard and freak the fuck out of everyone (never had a beard in my life)
beard + suit is a good look. And very much in fashion at present.
Just don't go all ZZ Top or Duck Dynasty on us ;)
yeah no ZZ top, I'm going for Jeff Bridges in Ironman, still can see the tie knot, nothing too crazy
You are finally becoming your avatar.
I was hoping end of summer, but it looks like we may go part time into the office late May early June
The office is officially opening Mid-May but in-person attendance is optional. I certainly won't be rushing back in any time soon.
love that you got MS for enjoying WFH
Apparently some people have more shit than they know what to do with.
Florida. Tentatively mid-May but this can change as we’re a boutique with sub-25 head count
I'm in NYC. The day they allow us back in, I'll be there. However, I really don't expect that to be until late June/July.
In NYC the word coming out of almost all the name brand banks for groups that don’t NEED to be in the office (I.e Investment Bankers) is late summer / early fall as base case, but with some flexibility to move into mid summer. One EB told people it could be the rest of the year depending on re-infection rates. I expect we in the city start seeing rolling office openings starting mid to late June but with most not being in the office till August time frame - at which point everyone will go to the hamptons and it’ll turn into September.
I'm hoping for the start of June. Sick of this WFH.
why? Honestly I think it's the greatest thing ever.
Some of us were busy recruiting and this thing has made it very hard
The option to WFH is great and I will definitely take advantage of it more when lock-down is over, but I honestly miss going to the office and spending time with colleagues. Since projects have slowed down now, procrastinating is better at home than in the office but in general I miss the social interaction. I guess I'm also lucky to have a solid set of colleagues, but I would want to go back. The ideal going forward for me would be Mon-Thu in the office and Friday at home.
Regional IB office. We all expect the office to be open in early July. There will be plenty of flexibility to WFH for the duration of the summer, but i think most of my team will come in 4/5 days out of the week.
Looking like end of June at the earliest unless cases/deaths really drop in May
If you think about it, isn't summer really the best time to WFH? If it's a slow day maybe go to the park or take a long lunch... or the beach if you happen to be in near one.
My firm isn't letting their incoming analysts physically enter the office until September (NYC)
Is a firm legally allowed to require employees to come back at a certain point? If say an employee feels unsafe traveling by plane to get to their home office or is immuno compromised, will the firm make exceptions / do you think people will exploit this? From a legal end, it doesn't make sense for a firm to force employees to come back at a specific date, especially if new cases are still popping up in a few months.
Interested to know as well.
This is currently one of the battles being waged in Washington.
WSJ - Mitch McConnell Wants to Shield Companies From Liability in Coronavirus-Related Suits
my BB made it very clear that anyone who's uncomfortable coming back in doesn't have to and can continue to WFH. how long that lasts? who knows, but it seems to be the right approach
Same with my tiny shop. I'm sure eventually peer pressure will kick in as some go back and some don't, but the owners at least are doing everything right.
Yeah, that's the interesting part. At what point, will a bank or firm require their employees to show up, especially if the employee is able to perform his / her job just as well at home like an analyst?
https://www.bloomberg.com/news/articles/2020-04-26/citigroup-s-elevator…
How do y'all plan on getting to the 50th floor?
Why is everyone commenting here in RE...I’m hoping some PE guys from across the world can now chime in
mid to late june would be earliest for me (nyc)
Any updates for NYC or SF?
following
Could be as late as October from what we’ve heard.
Funny how this thread is a couple weeks old and all the people from late April were saying mid-May...feel like we haven't made much progress in terms of re-opening sinc then
For my office in SF, it is going to be based on when the building opens up, and there may be a max person per sqft for each floorpan in the building. As for the elevator, that is a risk.
The target right now is mid-September for the building to open.
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