I was told that its only 1 weekend per month. Is that joint with protected saturday?

 

yea that's what they tell interns but i just started and already working saturdays lol

 

Current BofA analyst here. That all depends on your senior banker. Most I know don't work weekend, but some bankers come from other shop don't share this culture. Therefore, depending on your senior bankers.

 

Apparently they have 8 per year - not sure how true and whether it's followed though. JPM also has 1 protected weekend per month. 

 

RBC has protected Saturdays unless the request is specific for a live deal.

 

Serious question, to what extent is it protected these days? I understand bank HR have opportunities to keep track of junior banker utilization per senior banker but to what extent is this enforced? I have always thought that in a client-driven business and especially with PE clients such as my firm (who unfortunately regularly demand work product fri night - sat; look it affects me too), it was more a PR move / strong suggestion rather than an enforceable move.

 
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I really disagree with this statement.  I went from a bank that had no policy to a bank with a very strict protected Saturday policy and my life changed dramatically.  Having a free day where you know nothing is going to come up workwise made banking tolerable and did wonders for my work life balance.  Yes the rest of the week sucks, but being able to make plans on Saturdays and enjoying one stress-free day is a lifesaver in this industry.

 

At banks where it works, MDs are expected to push back on clients demanding Saturday work.  The vast majority of clients are understanding, but you are always going to get pushback from some.  The Saturdays that I have had to work is more related to time-sensitive pitch work and is almost never due to client demands on a live engagement.

 

My bank has a soft policy and it’s pretty crap. People typically try to protect Saturday and less so Sunday. However, even if you don’t have work you can’t really enjoy the time because you’re still on call. You also can’t plan anything more than a few days in advance because there’s no hard rule. Additionally, I have found on holiday weekends when they are protected, usually it puts the impetus on the MDs to give you work earlier in the day / week rather than wait till the last minute to get around to it. 

 

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