Understanding Vacation Policies for Quant Professionals in NYC

JoaquinGaray

JoaquinGaray

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Hello, everyone!

I'm reaching out to the community to gather some insights into how vacations are typically handled for quant professionals working in New York City.
  1. Annual Leave Entitlement: How many vacation days are quant professionals typically entitled to annually, if any? Is there a standard across the industry, or does it vary significantly from firm to firm?
  2. Flexibility and Scheduling: How flexible are these companies when it comes to scheduling vacations? Are there certain times of the year when taking vacation is discouraged or even off-limits due to market conditions or fiscal year ends?
  3. Compensation and Bonuses: How do vacations impact compensation and bonuses for quant professionals? Is taking less vacation seen as a dedication that is rewarded, or are vacations encouraged as part of maintaining a work-life balance?
Understanding these aspects can provide valuable insights for current and aspiring quant professionals considering opportunities in New York. Moreover, it can help us gauge how companies value work-life balance in such a high-stakes field.

If you have personal experiences or knowledge about these policies, please share! Your input could greatly benefit individuals navigating their career paths in quantitative finance.

Thank you in advance for your contributions!

Best, Joaquin Garay
 
@JoaquinGaray
Did you get your answer somewhere or still looking?
Normally, you should get 20-30 vacation days a year. You also get 5 personal days, 10 sick days or something similar to this.
The exact number is pretty much dependent on the firm, the group and the team one will be working with.
 
Thank you, Andy. I was still looking, indeed. This is very unclear for outsiders, especially when you see 80-hour-per-week job articles on LinkedIn or posts that say the six-figure quant salaries are actually low when put on an hourly basis, so it is excellent to demystify the topic. I was genuinely curious about this aspect of my future.
Recently, during classes, I've also been told of FDIC's two-week vacation policy, so I guess the industry is more normal than how some people picture it on social media.
 
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