MM IB hours

Im starting a SA role at an MM firm. Ive heard very different and opposite views on MM bank hours vs BB or EB’s. Im just now very curious how different the work at a sell side MM would be than most other firms. Also, some people say MM banks have less hours per work. How true is that? 

 
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read some other threads man, many similar ones to this out there. With that said heres the answer your gonna see. IT DEPENDS. Simple as that, on deal flow, people you work with, if there efficient and you don't have dumb VPs. Culture of the firm too, plenty of firms are still old school where analysts should be the last ones to leave regardless of if they have work to do or not.

So the answer you will always see when anybody asks about hours at any BB/MM/EB will ALWAYS be it depends. The range goes from 60h-100h hopefully your on the lower side. 

 

Depends on whether the firm is a real middle market shop or if it’s a bucket. If you’re at a bush league small cap boutique that markets itself as “mid-market” but does deals in the 5-20M EV range the hours may be lite.

However, if you’re at a true middle-market like Lincoln, Jeffries (yes I know their M&A deals are in the $1B+ range so they’re not really a mid-market anymore), Stifel, Piper, your hours are likely going to be fucked - sorry, beyond fucked. Your skin will be pale all year round from never leaving the house.

 

Rich Handler is going to sue you for defamation for lumping The 'Ffries in with Stifel and Piper. Piper is like an animal that kills ever mate it reproduces with - every time they acquire a business it deteriorates to mediocrity. Stifel is probably the lowest you can get in MM before you're talking borderline no names. You clearly have no fucking idea what you're talking about and if you say that shit again about the 'Ffries, you may have some very high payed and very well-polished 'Ffries Associates get up in your ass, and they alllll went to target schools. And you aint' really wanna have to deal with that wardy, believe me, so think twice before you try lumping the 'Ffries in with these garbage-tier, cum-level shops like Piper fucking Jaffries, are you fucking joking me???. 

 

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