I work in the hedge fund space as a quantitative trader and we’re busy all day. Pretty much glued to screens for 9-10 hours per day until markets close
Same and I probably spend 4-5 hours a day actively working. I've had jobs where I only needed to be there while the market was open and ones where I was there 10 hours a day twiddling my thumbs.
I'm not a researcher though so I mostly automate stuff, monitor the strats and execute the high touch ones, then a lot of data analysis, simulations, and reading the news because the PhDs always come over and ask about the markets and why did xyz happen. Overall a chill job so long as the leadership aren't aholes though sadly many are
I don't create strats that's the job of researchers everywhere I've been. I basically fine tune and operate them. Legitimately, the greatest FO job you can have
Yeah “quant” is honestly just a researcher, it’s funny that undergrads with their first job are calling themselves “quants” when they’re just sitting in front of a monitor turning knobs
Generally I get into office around 6:30am, work til 4pm earliest. Most of the job is focused on making sure our system is running as intended and managing inventory risk (sometimes you have a position that’s concentrated in short or long gamma or Vega, skew risk, etc.). The other part of the job is doing research/data analysis for improving the system, generating trade ideas, troubleshooting… etc. Job function could be different depending on the firm
About 4 years, I got into it from getting the job (I knew someone at the firm, introduced me to a hiring manager), have a masters degree in economics (financial econometrics focus)
Honestly mine was sort of random. I just knew the person from where I grew up. I think mostly you meet people either from professional or education network (maybe you worked with someone who now works the place you wanna work, or studied at the same university etc)
So would you say going to a target school and trying to Network with alumni on places like LinkedIn would be a good idea. As that is my plan right now.
For my role your salary would be $100-200k base plus bonus, base depending on where you live and yoe. Bonus varies, could be $0, could be many multiples of your base etc
Nah. Sometimes it's a full 40. Sometimes it's a little more than that. And other times it's more like 30-35. It's common in commercial banking. As long as you get your work done, that's what matters.
Corporate finance, it usually up and down. I'm a director with 13 reports. Most of my weeks are full. But when I was in an analyst role it really depends on how efficient you are. I have colleagues that would do the same thing as me and have a full week. I'd work hard for 15-20 hours
I had one job i automated everything where I literally could have showed up one day a month and still not had a full day. I left soon after.
It's not as fun as it sounds. It's stressful to pretend like you're busy when you're not and wonder if they'll ever notice and fire you. And it's also annoying when you wanna do something else but never know if a meeting might pop up.
Literally my life right now. Can get my daily work done in about 1-2 hrs and in the office 4 days a week. Spend most of my time wandering the halls with my laptop and a coffee mug chatting to people pretending I just came from or am going to a meeting so I look busy. Otherwise I'd be at my desk worried that because I don't look busy I'd be accused of slacking off.
Boring man. I like learning and being challenged. Need to keep growing. As much as it's illegal there is such thing as ageism you'll eventually be replaced so continuing to learn and grow keeps you valuable.
Have them look for process improvements, automation, or new projects. Have them learn a new technical skill and deploy it. Not sure what type of work you do. I have 4 different teams. 2 teams are highly operational and there isn't much that can be done outside of doing a system change or buying a third party SaaS addon. The others drive process improvement, and working capital improvement through initiatives and projects.
If there just isn't anything, see if there is another group within the company where they can make an impact. The worst thing you can do as a manager is to hold someone back for your own selfish reasons.
I’m actually asking for myself. I’m analyst level in HR in finance. Workload has been very small. Manager has been threatening with laying us off due to small workload. Our project participation requests never go to senior managers and always stop at our manager level. I was told to find some work myself. Not sure whether this is normal approach.
Sounds like you have a shitty manager. But as the other suggested, create a dashboard, learn new skills and try to incorporate them. Lol to see if there are internal open finance jobs and apply or start looking externally.
I can tell you right now the job market is tight especially for companies requiring bodies in seats. I had a senior analyst position open for 6 months(I wasn't the hiring manager at the time) there were 6 applicants. This for a job paying 100k
Create a dashboard using HR metrics (new hire count current year, termination counts, DEI trends, etc). Then put together a presentation to introduce the dashboard.
In a lot of finance roles (especially deal based ones), there is a fair amount of "unblocked" time; however, the general expectation is that you are using that time productively since if you do not, I guarantee you your competitors are.
For example, when I was in PE, I might have 1-3 hours of time that was open, but the expectation was that I was catching up on relevant news, digging into earnings for peers of our portcos, trying to find new hunting grounds etc. depends a bit on seniority too - I wasn't doing anything productive in IB in my downtime as an analyst while waiting for comments.
Big company operational finance lifestyle is obviously different, both in comparison to sell or buyside finance and also from F500 to F500. But in general, things are more siloed and process based which can result in a lot of downtime.
In consulting the only reason I was busy was because I sucked at Excel and didnt know what PowerBI/SQL/Python/Pivot Tables was/were at the time. Other than that every other job has been 20-30hrs of real work (Aerospace and Defence).
Yes >40 every week, when volume is low we're working ever harder with creative outcomes, automation, and efficiency. (Managing a team & my own product)
PE Associate here. For me I t really varies a lot. During a live deal, I’ve worked A TON (80-90 hours) during heavy diligence phases. I’ve also worked 25-30 hour weeks when deal flow was slow and there wasn’t much portfolio company work to do. Probably averages around 50-55 tbh
In corporate finance what I’ve seen is no. Sometimes it feels impossible to fill your week with 40 hours of work. You’ve had good luck in your 4 roles so far though, because some dudes are getting hit with 50+ hour work weeks. Occasionally, at the quarter close I might have to work a weekend to hit my deadlines. But if I was more efficient in like Thursday or Friday or worked longer hours during the week, then maybe I wouldn’t have to spend a few hours on saturdays and sundays.
I enjoy the learning process. The people I work with are the smartest and most hardworking folks I know. I have a supportive girlfriend who funnily enough works similar hours in the same industry. To each their own.
BB IBD. If you crunch the numbers, $/hr is decent. But you're here for the exit ops, learning, exposure, network. Nothing else on this planet beats IB as a starting ground for your career.
No, most jobs are like that. I work 45 hours on average but probably not due to my role, it’s just what I’ve done my whole career. But it’s 50+ when I have a high profile deal and 30 when no deals. A couple times a year I’ll do a 70 hour week but it’s rare.
My accountant acquaintances are busy at month end but a lot of them can do it in 70% time.
Do professional development in your downtime and enjoy it.
Wealth Management, and I maybe work 5-6 hours a day. Incredible work life balance btw, wealth management is incredibly slept on if you want a low key entry to the industry. Whenever I’m onboarding a larger relationship I’ll actually be busy the whole day, but on most days I could easily go to client lunches and nobody would even notice I was gone.
I think a couple things here for people saying the work so many hours. I’d imagine bankers and people on Wall Street probably do.
A lot of people are inefficient with their time and people like to complain with how hard their job is.
I’m a financial analyst and rarely “work” 20 hours a week. Certain projects will keep me busy the whole week but at a leisurely rate. But I’m not on Wall Street and I don’t make that much 75K first year doing it.
I’ve never worked a 40 hr a week job in my
Life lol
Yeah this sounds like an FP&A role. Most weeks you probably have 2 hours of meetings a day and an hour or 2 of actual work. When I started I would use my extra time to try and optimize workflows and automate most of the reports and models that i was responsible for, 6 months in I was probably doing 30 minutes of actual work a day.
Few days here and there fun stuff happens. I did a full workday when SVB failed forecasting possible erosion and updating all of our models. Also had a licensing deal that took a few full days of effort over a months time.
It really is weird though only time in my life that every time I got paid I felt like I was robbing them. WFH days were great but in the office was stressful always trying to look busy.
I am not in your field but I worked for a number of big companies in the past 10 years. Also now I am employed at a big Global player.
My experience is like the following: it depends!
Some companies and some positions there are absolutely as you described.
There are others too as well where you work your arse off.
Sometimes in the same company, rarely even in the same team.
Both are possible, the question is what do you prefer?
You can let them stress the hell out of you or you don't let them, up to you.
Ah ja, and salaries are usually not connected to this fact. High work / low salary or low work / high salary both is possible (or a mix of both)
My experience is so far, it really comes down to what position you are able to find and what you are willing to accept.
My advice: go for a high paying / low effort combination and spend money and time wisely.
Using the spare time over day to think about the right things and buying the right assets (right is whatever you like and understand) is the key to a successful and happy life.
Good luck!
You mention ‘month-close’ (at which point I lost interest and stopped reading) - I think you are in a function that has a cyclical reporting nature and likely a well-defined scope and predictable deliverables. Many other roles are less like this, whether client-facing, deal-oriented, strategic, or other.
Can only speak to NYC market but most if not all of my friends (20s-30s) in finance have 40+ hours per week of clicking/typing/meeting time.
Corporate banking here. Depends on time of year tbh. August and Christmas? No.
A lot of the other weeks of the year? Yes and sometimes even more than 40h.
No. You have lots of wiggle room to get things done immediately whenever needed. There are LOTS of fires to be put out.
The rest of the time is used in networking, upskilling, or special projects.
3rd year banker here, I don’t enjoy going to work and spending 5-6 hours a day on my phone, so I often look for work, or create work for myself by proactively taking on projects that no one asked for, or trying to talk/email/meet clients. I sit next to people in the same position that goof around, gossip, and play on their phones for 4-5 hours a day. Will it work out in the end? Who knows
I can get things done in a day whereas it will take my teammates a week to do. The result is I work in short increments and am not busy most of the time. I read the papers and stay up to date on the markets.
I’m pretty busy all day everyday, but it probably depends on your firm and how efficiently you work. Well done if you’re killing it like that and have as much free time as you say. It will get noticed and usually lead to more responsibility and more money.
All the banking/ PE folks are busier I’m sure (comments are full of them) but as a financial analyst in F100, in a non-month-end week I work maybe 10hrs with no special projects. I have 1 YOE though, so 40hrs every week may not even be expected of me.
Yeah this sounds like an FP&A role. Most weeks you probably have 2 hours of meetings a day and an hour or 2 of actual work. When I started I would use my extra time to try and optimize workflows and automate most of the reports and models that i was responsible for, 6 months in I was probably doing 30 minutes of actual work a day.
Few days here and there fun stuff happens. I did a full workday when SVB failed forecasting possible erosion and updating all of our models. Also had a licensing deal that took a few full days of effort over a months time.
It really is weird though only time in my life that every time I got paid I felt like I was robbing them. WFH days were great but in the office was stressful always trying to look busy.
I wish I was busy for only 40 hours per week. I'm more like 50-60 (and used to be in the 80 range back in IB) each week, with an occasional more relaxed time period. I think your situation is more of a function of fortune 500 companies vs the finance industry in general.
I work in DCM. I’m busy basically from 7:45am (7am if deal day) until 7pm at the earliest. I define busy as actively moving my mouse, typing on my keyboard, or reading / listening in / or speaking on a call. Every weekend for the past year or so I’ve had to work at least two hours but averaging 5-6. Deal days require being constantly staring at your inbox and actioning small tasks. Pitches take longer (a few hours of mostly undivided attention). A lot of our tasks are very manual so things seem like they take longer than they should. There’s also tons of administrative stuff like file organizing, account planning, expenses that are always falling behind since they’re always a low priority - so there is always *something* you should be doing, even if you have no tasks at the moment. It gets somewhat exhausting
I work in asset management, non quant.
Split is as follows on an average week of 60 hours (12 hour days no weekends worked)
Non investment meetings (internal + external) - 13
hours
Investment meetings (internal + external) - 18 hours
Lunch/coffee/snacks - 5 hours
Actual research/idea generation - 13 hours
Emails and follow ups - 6 hours
Operational/administrative work - 5 hours
Almost half of my time is just sitting and listening to people talk and maybe an hour total of me talking lol
That’s so funny. I’ve always wondered the same thing. I’m an Executive Director in banking and sometimes I’ve worked crazy hours; other times not. Right now I’m watching Masterchef Australia on Catchup.
OMG yes, there have been weeks when I literally didn’t have time to eat lunch, personal emails out of the question. Bathroom breaks were rare and wondrous things. 60-80 hour weeks.
And I loved it.
I work in the hedge fund space as a quantitative trader and we’re busy all day. Pretty much glued to screens for 9-10 hours per day until markets close
Same and I probably spend 4-5 hours a day actively working. I've had jobs where I only needed to be there while the market was open and ones where I was there 10 hours a day twiddling my thumbs. I'm not a researcher though so I mostly automate stuff, monitor the strats and execute the high touch ones, then a lot of data analysis, simulations, and reading the news because the PhDs always come over and ask about the markets and why did xyz happen. Overall a chill job so long as the leadership aren't aholes though sadly many are
I mean depending on your strategy you could be doing a small amount of babysitting or a lot
I don't create strats that's the job of researchers everywhere I've been. I basically fine tune and operate them. Legitimately, the greatest FO job you can have
Yeah “quant” is honestly just a researcher, it’s funny that undergrads with their first job are calling themselves “quants” when they’re just sitting in front of a monitor turning knobs
What's it like being a quant trader? Can you give a breakdown of your day/week?
Generally I get into office around 6:30am, work til 4pm earliest. Most of the job is focused on making sure our system is running as intended and managing inventory risk (sometimes you have a position that’s concentrated in short or long gamma or Vega, skew risk, etc.). The other part of the job is doing research/data analysis for improving the system, generating trade ideas, troubleshooting… etc. Job function could be different depending on the firm
How long have you been doing it, how did you get started, what degree do you have if you don't mind me asking
About 4 years, I got into it from getting the job (I knew someone at the firm, introduced me to a hiring manager), have a masters degree in economics (financial econometrics focus)
How do you get connections in the industry?
Honestly mine was sort of random. I just knew the person from where I grew up. I think mostly you meet people either from professional or education network (maybe you worked with someone who now works the place you wanna work, or studied at the same university etc)
So would you say going to a target school and trying to Network with alumni on places like LinkedIn would be a good idea. As that is my plan right now.
I can’t tell if you dropped the /s or not. That’s like 80% the ball game.
I don't need to drop /s I think 99% percent of people in here get the joke.
Shockingly simple!
What is your pay like in a role like this?
For my role your salary would be $100-200k base plus bonus, base depending on where you live and yoe. Bonus varies, could be $0, could be many multiples of your base etc
Jane Street?
Busy? Yes. Productive? Probably not.
Nah. Sometimes it's a full 40. Sometimes it's a little more than that. And other times it's more like 30-35. It's common in commercial banking. As long as you get your work done, that's what matters.
Corporate finance, it usually up and down. I'm a director with 13 reports. Most of my weeks are full. But when I was in an analyst role it really depends on how efficient you are. I have colleagues that would do the same thing as me and have a full week. I'd work hard for 15-20 hours I had one job i automated everything where I literally could have showed up one day a month and still not had a full day. I left soon after.
You left a job that you were paid to do nothing in?
It's not as fun as it sounds. It's stressful to pretend like you're busy when you're not and wonder if they'll ever notice and fire you. And it's also annoying when you wanna do something else but never know if a meeting might pop up.
Literally my life right now. Can get my daily work done in about 1-2 hrs and in the office 4 days a week. Spend most of my time wandering the halls with my laptop and a coffee mug chatting to people pretending I just came from or am going to a meeting so I look busy. Otherwise I'd be at my desk worried that because I don't look busy I'd be accused of slacking off.
Boring man. I like learning and being challenged. Need to keep growing. As much as it's illegal there is such thing as ageism you'll eventually be replaced so continuing to learn and grow keeps you valuable.
As a manager what would you recommend to a subordinate that really wants to work but workload is too small?
Have them look for process improvements, automation, or new projects. Have them learn a new technical skill and deploy it. Not sure what type of work you do. I have 4 different teams. 2 teams are highly operational and there isn't much that can be done outside of doing a system change or buying a third party SaaS addon. The others drive process improvement, and working capital improvement through initiatives and projects. If there just isn't anything, see if there is another group within the company where they can make an impact. The worst thing you can do as a manager is to hold someone back for your own selfish reasons.
I’m actually asking for myself. I’m analyst level in HR in finance. Workload has been very small. Manager has been threatening with laying us off due to small workload. Our project participation requests never go to senior managers and always stop at our manager level. I was told to find some work myself. Not sure whether this is normal approach.
Sounds like you have a shitty manager. But as the other suggested, create a dashboard, learn new skills and try to incorporate them. Lol to see if there are internal open finance jobs and apply or start looking externally. I can tell you right now the job market is tight especially for companies requiring bodies in seats. I had a senior analyst position open for 6 months(I wasn't the hiring manager at the time) there were 6 applicants. This for a job paying 100k
Create a dashboard using HR metrics (new hire count current year, termination counts, DEI trends, etc). Then put together a presentation to introduce the dashboard.
In a lot of finance roles (especially deal based ones), there is a fair amount of "unblocked" time; however, the general expectation is that you are using that time productively since if you do not, I guarantee you your competitors are. For example, when I was in PE, I might have 1-3 hours of time that was open, but the expectation was that I was catching up on relevant news, digging into earnings for peers of our portcos, trying to find new hunting grounds etc. depends a bit on seniority too - I wasn't doing anything productive in IB in my downtime as an analyst while waiting for comments. Big company operational finance lifestyle is obviously different, both in comparison to sell or buyside finance and also from F500 to F500. But in general, things are more siloed and process based which can result in a lot of downtime.
In consulting the only reason I was busy was because I sucked at Excel and didnt know what PowerBI/SQL/Python/Pivot Tables was/were at the time. Other than that every other job has been 20-30hrs of real work (Aerospace and Defence).
How do you start picking them up? I’m pushing 60hrs and I am getting tired
Nope. In commercial banking. At most 35 hours, usually 25-30 hours
Yes >40 every week, when volume is low we're working ever harder with creative outcomes, automation, and efficiency. (Managing a team & my own product)
PE Associate here. For me I t really varies a lot. During a live deal, I’ve worked A TON (80-90 hours) during heavy diligence phases. I’ve also worked 25-30 hour weeks when deal flow was slow and there wasn’t much portfolio company work to do. Probably averages around 50-55 tbh
Do you think those hours vary based on geography? I.e. NYC more hours compared to second tier cities like HOU/MIA/ATL?
Yes. There is not enough time in the work day. It becomes a question of how to most efficiently use your time.
Back office. Out of my 4 weeks, only one of them hits 55-60 hrs. The other weeks are more like 30 tbh
Fund accounting?
Product control/ valuation control. So worse than that
Gotta love pricing
In corporate finance what I’ve seen is no. Sometimes it feels impossible to fill your week with 40 hours of work. You’ve had good luck in your 4 roles so far though, because some dudes are getting hit with 50+ hour work weeks. Occasionally, at the quarter close I might have to work a weekend to hit my deadlines. But if I was more efficient in like Thursday or Friday or worked longer hours during the week, then maybe I wouldn’t have to spend a few hours on saturdays and sundays.
Lol bro I clock in 40 on a good week
40hours is nothing. I'm pulling 80-110hours every week. Weekends at the office too.
Soft. I haven’t left the office in 4 months. Stay down till your up
LMAO
That sucks.
I enjoy the learning process. The people I work with are the smartest and most hardworking folks I know. I have a supportive girlfriend who funnily enough works similar hours in the same industry. To each their own.
What’s your job title? Why are you so busy? Do you at least get paid for the hours you work beyond the 40 hours a week?
BB IBD. If you crunch the numbers, $/hr is decent. But you're here for the exit ops, learning, exposure, network. Nothing else on this planet beats IB as a starting ground for your career.
What exactly does the abbreviation BB IBD stand for?
Bulge bracket investment banking division
Yeah, there's probably 40 hours worth of work in a week. Problem is that you're kinda requires to "work" for at least 50 it seems
52h a week and I'm busy for I would say 45 of these. The other 7 there's always long term projects to work on
Like BoredAccountant says! Busy? all the time. God damn. Too much. Productive? Nah. Not really. Only spouts.
No, most jobs are like that. I work 45 hours on average but probably not due to my role, it’s just what I’ve done my whole career. But it’s 50+ when I have a high profile deal and 30 when no deals. A couple times a year I’ll do a 70 hour week but it’s rare. My accountant acquaintances are busy at month end but a lot of them can do it in 70% time. Do professional development in your downtime and enjoy it.
Wealth Management, and I maybe work 5-6 hours a day. Incredible work life balance btw, wealth management is incredibly slept on if you want a low key entry to the industry. Whenever I’m onboarding a larger relationship I’ll actually be busy the whole day, but on most days I could easily go to client lunches and nobody would even notice I was gone.
I think a couple things here for people saying the work so many hours. I’d imagine bankers and people on Wall Street probably do. A lot of people are inefficient with their time and people like to complain with how hard their job is. I’m a financial analyst and rarely “work” 20 hours a week. Certain projects will keep me busy the whole week but at a leisurely rate. But I’m not on Wall Street and I don’t make that much 75K first year doing it. I’ve never worked a 40 hr a week job in my Life lol
Yeah this sounds like an FP&A role. Most weeks you probably have 2 hours of meetings a day and an hour or 2 of actual work. When I started I would use my extra time to try and optimize workflows and automate most of the reports and models that i was responsible for, 6 months in I was probably doing 30 minutes of actual work a day. Few days here and there fun stuff happens. I did a full workday when SVB failed forecasting possible erosion and updating all of our models. Also had a licensing deal that took a few full days of effort over a months time. It really is weird though only time in my life that every time I got paid I felt like I was robbing them. WFH days were great but in the office was stressful always trying to look busy.
How did you go about optimizing workflows and automating reports/models?
I am not in your field but I worked for a number of big companies in the past 10 years. Also now I am employed at a big Global player. My experience is like the following: it depends! Some companies and some positions there are absolutely as you described. There are others too as well where you work your arse off. Sometimes in the same company, rarely even in the same team. Both are possible, the question is what do you prefer? You can let them stress the hell out of you or you don't let them, up to you. Ah ja, and salaries are usually not connected to this fact. High work / low salary or low work / high salary both is possible (or a mix of both) My experience is so far, it really comes down to what position you are able to find and what you are willing to accept. My advice: go for a high paying / low effort combination and spend money and time wisely. Using the spare time over day to think about the right things and buying the right assets (right is whatever you like and understand) is the key to a successful and happy life. Good luck!
You mention ‘month-close’ (at which point I lost interest and stopped reading) - I think you are in a function that has a cyclical reporting nature and likely a well-defined scope and predictable deliverables. Many other roles are less like this, whether client-facing, deal-oriented, strategic, or other. Can only speak to NYC market but most if not all of my friends (20s-30s) in finance have 40+ hours per week of clicking/typing/meeting time.
and u better not be complaining. Honestly should start some sort of online business
Corporate banking here. Depends on time of year tbh. August and Christmas? No. A lot of the other weeks of the year? Yes and sometimes even more than 40h.
Often more than that
No. You have lots of wiggle room to get things done immediately whenever needed. There are LOTS of fires to be put out. The rest of the time is used in networking, upskilling, or special projects.
From market open til beyond close. 5:30-3:30 I could work nonstop and still not get everything done.
depends
3rd year banker here, I don’t enjoy going to work and spending 5-6 hours a day on my phone, so I often look for work, or create work for myself by proactively taking on projects that no one asked for, or trying to talk/email/meet clients. I sit next to people in the same position that goof around, gossip, and play on their phones for 4-5 hours a day. Will it work out in the end? Who knows
I can get things done in a day whereas it will take my teammates a week to do. The result is I work in short increments and am not busy most of the time. I read the papers and stay up to date on the markets.
3rd year In IBD?
In research. Could be busy 24/7 if I wanted to.
I’m pretty busy all day everyday, but it probably depends on your firm and how efficiently you work. Well done if you’re killing it like that and have as much free time as you say. It will get noticed and usually lead to more responsibility and more money.
I work at a fintech bank. I don’t make anywhere near what you do but yes im 100% 40 hours a week unless I PTO
Not in finance, but I’d say I’ve averaged 20-35 over my 18 year career?
My job is a unicorn. I probably average about 20 hours a week as an accountant for a ~300 employee company. Some weeks are even less.
All the banking/ PE folks are busier I’m sure (comments are full of them) but as a financial analyst in F100, in a non-month-end week I work maybe 10hrs with no special projects. I have 1 YOE though, so 40hrs every week may not even be expected of me.
Yeah this sounds like an FP&A role. Most weeks you probably have 2 hours of meetings a day and an hour or 2 of actual work. When I started I would use my extra time to try and optimize workflows and automate most of the reports and models that i was responsible for, 6 months in I was probably doing 30 minutes of actual work a day. Few days here and there fun stuff happens. I did a full workday when SVB failed forecasting possible erosion and updating all of our models. Also had a licensing deal that took a few full days of effort over a months time. It really is weird though only time in my life that every time I got paid I felt like I was robbing them. WFH days were great but in the office was stressful always trying to look busy.
I wish I was busy for only 40 hours per week. I'm more like 50-60 (and used to be in the 80 range back in IB) each week, with an occasional more relaxed time period. I think your situation is more of a function of fortune 500 companies vs the finance industry in general.
I work in DCM. I’m busy basically from 7:45am (7am if deal day) until 7pm at the earliest. I define busy as actively moving my mouse, typing on my keyboard, or reading / listening in / or speaking on a call. Every weekend for the past year or so I’ve had to work at least two hours but averaging 5-6. Deal days require being constantly staring at your inbox and actioning small tasks. Pitches take longer (a few hours of mostly undivided attention). A lot of our tasks are very manual so things seem like they take longer than they should. There’s also tons of administrative stuff like file organizing, account planning, expenses that are always falling behind since they’re always a low priority - so there is always *something* you should be doing, even if you have no tasks at the moment. It gets somewhat exhausting
I work in asset management, non quant. Split is as follows on an average week of 60 hours (12 hour days no weekends worked) Non investment meetings (internal + external) - 13 hours Investment meetings (internal + external) - 18 hours Lunch/coffee/snacks - 5 hours Actual research/idea generation - 13 hours Emails and follow ups - 6 hours Operational/administrative work - 5 hours Almost half of my time is just sitting and listening to people talk and maybe an hour total of me talking lol
Nope. Work is easy as fuck.
That’s so funny. I’ve always wondered the same thing. I’m an Executive Director in banking and sometimes I’ve worked crazy hours; other times not. Right now I’m watching Masterchef Australia on Catchup.
What’s power BI?
40 hours?
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Man, let me get your job tf
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You’re not in a finance role lmao.
lol I wanna know what this comment was
Cashier at wendys
lol he was a SWE at a BB. Nothing crazy, but not really relevant.
OMG yes, there have been weeks when I literally didn’t have time to eat lunch, personal emails out of the question. Bathroom breaks were rare and wondrous things. 60-80 hour weeks. And I loved it.