What's the lifestyle like at a top multi manager on the west coast?

Finishing up my first year in tech IBD coverage, having early chats with a few MM's looking to bring someone on in Q3 / 4. I've spoken to a handful of people who've spent a couple years at CGE, Baly, etc., but their experiences have varied in terms of culture / hours / lifestyle. So far I've heard...

  • Healthcare: 5am - 5pm, earnings season +3-4hrs each day
  • Healthcare: 5am - 8/9pm

To those of you who have worked at MM's, specifically in SF or LA, can you speak to your hours at the associate level (1-2 years in banking, first year on the desk)?

 

assuming because OP is referring to west coast- so 3 hours behind EST

 

I work in a SM but know a bunch of MM analysts - generally 5-5/6 seems about right. 5-9 on a daily basis sounds way too much. Yea you are gonna do reading and maybe take some calls when you get off but you most likely won't be in the office at 9pm every day.

 

What exactly are you trying to solve for? Narrowing it down so you can ascertain if it's one of the seats you're talking to? Making a generalization about TMT seats at a MM on the West Coast? Does it matter if someone tells you its 11 hours vs 12 hours vs 13 hours a day? If you care so much between 1-2 hours then it's not for you.

The bottom line is most HF jobs are about the same. It's ~12 hours a day. It's like most public market buyside jobs. Nobody does all nighters. Maybe during earnings you're working 16 hours or whatever but the run-rate is around 12 hours a day, 5 days a week + weekend work.

 
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Most people in the industry will work on the weekends - if you don't, you are in the minority. Weekend work is not your PM asking you to come in the office on Sat/Sun to put together a deliverable. After you move past the junior analyst phase, your expected contributions will evolve and your weekend work is mostly self directed. Typical weekend work are things like putting together a weekly email for your team on Sun (depending on the ask and your team's email structure, this could take a few hours), finishing up some researching / analysis that you couldn't get to M-F, or reading.

 

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