Any idea for year end bonus? Also, how are your hours? From the summer internship it didn't seem intense for the comp (50-60 hours). But I have heard the hours can be longer but what makes it long tho? Not like you are working on complex models or pitches. Seemed mostly portfolio management/process oriented work. Thanks! 

 

Because alot of the junior work is administrative and although it doesn't take anything near a rocket-scientist to do it, it's still alot to learn & therefore juniors work longer hours until they get the hang of things. 

 
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Let me clarify - "stub" basically means you were not at the firm long enough to warrant a bonus based on performance (start on the desk in September, YE reviews in November, bonuses paid out based on that conversation in February). The YE bonus for a second and third year analyst are much higher, (think 20-30k) along with a $5k salary increase each year.

As for workload/hours- it all depends on your placement. Between the 5 bankers I support, the total book size is north of $1Bn and this represents around 350 clients. I support 3 HNW ($5-25MM) and 2 UHNW ($25MM+). The day is spent thwarting inbound maintenance requests from clients, and the evenings are spent doing the actual client work (investment proposals, performance reviews, etc.).

The bankers do not work past 5, so you can really focus in the evenings. I get on the desk around 7:30 every morning, step away around 6PM for dinner/workout, and stay on until around 10PM mon-thurs. Never really work past 7 on Fridays, with the occasional weekend fire drill mixed in. Definitely none of it is rocket science, but there is a ton to learn as you are a generalist - need to know equities, fixed income, lending (custom, mortgages, SBL, etc), trusts, estates, and banking. 

 

mama mia this is a lotta dough for a 60-70 hour workweek

 

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