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IB hours vs FDD in Big 4, which is worse?

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IB hours are definitely worse. Read Discussion Materials by Bill Keenan, he does good job of showing what the lifestyle is like.

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There was recently an interview with a JP Morgan exec where she said the expectation is to work new hires 12 hours a per day, 6 days per work to expedite their learning. If the baseline expectation is 72 hours/week, that’s nuts. 100% utilization on my team is 50 billable hours/week. Obv can’t cast my own experience on yours, PwC, but it seems like their “hours floor” is noticeable higher than ours.

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My worst week in 5 years of FDD was like 65-70 hours which is like a typical week in IB lol.

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Sounds like you need to jump ship to EY ;)

funny

IB by a mile. My banking friends work double my hours

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Generally IB, but not always. Depends on the deal.

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Depends … just had months of long hours… now I am around 55

All depends, but I’m in IB and just got done (it is 1am on a Friday)

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IB hours are worse. The biggest downside of big4 is pay. But culture, WLB etc are better than most banks IMO. Of cuz…in the end of day it’s what you wanna do down the road

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I have many friends in IB, and I work way more than they do, so it depends.

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I’ll add that you do work a lot, but banks have recently raised base pay of first year analysts to 100-110k base. Add another 80-90% bonus and you will make more than even senior managers in their 30s. In your mid-30s you will have a few million in your bank for sure. If you can withstand a totally unpredictable schedule, plans getting blown off at a whim, extremely egoistic and rude seniors, and generally speaking a hard life …go for it!

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IB hour will be worse when biz is good (which you’d hope because IB comp is more pivoted by bonus which is largely driven by number of deals closed).

IB. Brother is at Goldman and was MM prior. He consistently works into the am on weekdays and often weekends. It's a dif life.

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