I rarely had to spread comps since we normally relied on the industry groups to do that and then we spot checked it. I did occasionally get work put on my plate by other analysts that was considered mindless but how frequently this happens will all depend on how much your staffer exerts his influence. If the staffer makes it clear that only he can assign you to projects then you shouldn’t end up doing much BS work. My situation may have been unusual since we were very understaffed for analysts and for part of my summer the LBO game was still red hot. They may have needed me to do more modeling, etc. than a normal summer analyst.

Most weeks averaged about 80-90 hours a week. I did have one week which was my last week were I took two red-eye flights and worked about 130 hours working on a bid for a sponsor bidding in a sell-side auction.

In the two summers I worked in Prime Brokerage sales I worked between 65 and 80 hours a week.