![]() Investment bank Jefferies even offered its junior staffers a Peloton bike as a “thank you” for working long hours. Private equity firm Apollo Global Management has reportedly offered some associates as much as $200,000 to stick around.Įlsewhere, Citibank CEO Jane Fraser told employees she was banning Zoom meetings on Fridays to address Zoom fatigue. The complaints led Goldman and JPMorgan to vow to hire more staff, with the latter pledging to boost its headcount by 200. Some employees griped of shifts as long as 20 hours that left them little time to eat, sleep or shower, claiming that the grind damaged their physical and mental health. Last year, a leaked slideshow presentation compiled by 13 junior Goldman Sachs analysts detailed complaints about 100-hour work weeks. “Juniors want banks to take restrictions on working hours seriously, and minimize the need for weekend working and after hours by avoiding wasting time on some of these tasks,” he added. Trust linked to finance exec Dan Roitman buys $32.66M NYC penthouseīarclays bankers kvetch over ‘skimpy’ bonuses, say their morale is ‘killed’Įx-banker files $1M sex harassment suit after colleagues said ‘she’s up for a touch’ Goldman Sachs CEO surprises Wall Street with coveted ‘partner’ promotions “It remains a demanding culture, but juniors spend a lot of time on repetitive tasks,” Rob Jones, chief operating officer at UpSlide, a business software consultant, said in a statement. David Solomon has pushed for employees to return to the office even as many junior bankers want to keep a hybrid work model. Indeed, 86% of junior bankers said they had to take days off due to the stress of their grueling responsibilities.Īnother 33% said they weren’t able to use all their vacation days because of their demanding schedules, while 72% of respondents said they were pushing to keep their hybrid work schedules amid worries of being forced to return to the office five days a week. The analysis, conducted by UpSlide, found 76% of bank analysts - first-, second- and third-year bankers - said they’d take less money for more flexible hours and more work-life balance. More than three-quarters of Wall Street’s junior bankers want to quit their jobs - despite big banks hiking compensation to record levels during the pandemic, according to a new survey. ![]()
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