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Re: IB in the US - how many days off per year on average? [#permalink]
Coincidentally some folks I know in NY do own a Ferrari or a lambourghini ... And from my understanding, driving those around manhattan = not fun.



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Re: IB in the US - how many days off per year on average? [#permalink]
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Thanks, edwarise, for your different perspective.

It seems, however, that many people here are not as receptive to diversity as they could have been. Having lived both in a post-Soviet country, in a prosperous country in Europe and in the US (I attended an Ivy there), I clearly see the underlying differences in the mentalities of the participants. I think for many Americans (not all of course, but for many, especially of the Asian American background where studying hard and following "secure" careers is extra emphasized) pelihu's view is much closer than the more European perspective of edwarise, with its rich heritage of humanism (the idea of the realization of full human potential comes from the Renaissance) and the history of social struggle for better life (Marx, Heidegger, etc). It would be great, however, if the proponents of pelihu's view were a bit more open towards other cultures. I am afraid, however, that by so doing they would lose faith in their own words...
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Re: IB in the US - how many days off per year on average? [#permalink]
devidjoli wrote:
You may have 10 weeks off, but no one likes it when you take that time off consecutively. I have never been away for more than 2-weeks in the near decade I've been working.............


Sorry my friend, you don't know what is good in life :-D . One time I got 37 days off straight and was the best thing I've ever done in my life. I backpacked throughout Europe, from France to Croacia, from Sweden to Italy, an experience that I learned a lot about other cultures and about life. This is the kind of experience that is impossible to do with only one to two weeks.

Even if your are married, you can have an amazing experience with your wife. For example, staying 30 days in Tuscany, living in an amazing vineyard while taking Italian classes everyday is unbelievable.

When I graduate from BSchool, I will take at least 30 days off before staring working to do a backpack again, this time through Scadinavia... :wink:
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Re: IB in the US - how many days off per year on average? [#permalink]
great information Pelihu! thank you for sharing your insight!!!!
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Re: IB in the US - how many days off per year on average? [#permalink]
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Old thread but feeling it is worth a gentle bump :)
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Re: IB in the US - how many days off per year on average? [#permalink]
I think "investment banking" and "days off" should never appear in the same sentence :lol: If you are concerned about off time, an industry known for its brutal 100-hour work weeks may not be for you.
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Re: IB in the US - how many days off per year on average? [#permalink]
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Completely agree with the previous poster's sentiment -- management consulting is a heavy schedule (I was a partner in a couple of the major firms earlier in my career); investment banking is an absolutely crushing schedule.

If you're thinking hard about vacations you need to either choose your firms very carefully and/or think about a different career path!

Cheers, Chris
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Re: IB in the US - how many days off per year on average? [#permalink]
So - not to hijack this thread, but its related - what finance related careers have more reasonable hours and vacation? I'm fine working 60-70 hours, but investment banking sounds more than that. And I like taking my vacation :-D

Thanks!
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Re: IB in the US - how many days off per year on average? [#permalink]
There is this picture in my head in which
IB - Hours and hours of number crunching and monotonous repetitive work
MC - Solving new puzzles

Although I do know that this is not entirely true, I still find myself leaning towards MC. Would glady do 80 hours of solving new puzzles than 100 hours of repetitive work..
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Re: IB in the US - how many days off per year on average? [#permalink]
MacFauz wrote:
There is this picture in my head in which
IB - Hours and hours of number crunching and monotonous repetitive work
MC - Solving new puzzles

Although I do know that this is not entirely true, I still find myself leaning towards MC. Would glady do 80 hours of solving new puzzles than 100 hours of repetitive work..


And many people agree with you. You just make the trade-off of lower earnings potential. Years 1-2 out of business school you might not see a huge difference in pay (maybe $20-30k in banking's favor) but when you start hitting the VP+ levels the pay in banking takes off exponentially compared to consulting. Goes back to that lovely work/life balance that is a different priority for everybody.
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Re: IB in the US - how many days off per year on average? [#permalink]
mappleby wrote:
MacFauz wrote:
There is this picture in my head in which
IB - Hours and hours of number crunching and monotonous repetitive work
MC - Solving new puzzles

Although I do know that this is not entirely true, I still find myself leaning towards MC. Would glady do 80 hours of solving new puzzles than 100 hours of repetitive work..


And many people agree with you. You just make the trade-off of lower earnings potential. Years 1-2 out of business school you might not see a huge difference in pay (maybe $20-30k in banking's favor) but when you start hitting the VP+ levels the pay in banking takes off exponentially compared to consulting. Goes back to that lovely work/life balance that is a different priority for everybody.


Maybe I can cope with working for all that time... But I see absolutely no time for a good night's sleep (maybe 6 hours) and at least an hour at the gym..... It's not until people lose it that they realize that good health really is the most important wealth...
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Re: IB in the US - how many days off per year on average? [#permalink]
MacFauz wrote:
There is this picture in my head in which
IB - Hours and hours of number crunching and monotonous repetitive work
MC - Solving new puzzles

Although I do know that this is not entirely true, I still find myself leaning towards MC. Would glady do 80 hours of solving new puzzles than 100 hours of repetitive work..


MC is not puzzle solving as it may appear from Case Studies etc. MC is a people driven business. To really excel in MC(Partner Level) you need to be a people person. I Banking is pretty boring. However there are other areas of Finance such as Investment Research, Financial Advisory that involve more domain knowledge than MC and are less boring than I-Banking. However have been told that I Banking in an entry ticket to these roles.
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Re: IB in the US - how many days off per year on average? [#permalink]
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