Investment Banking

Goldman juniors’ 100-hour weeks and the plight of young bankers — Here’s what you need to know

A leaked Goldman Sachs document kicked off a period of soul-searching at banks — with perks, bonuses and hiring sprees aimed at helping junior staff

Banks are waking up to how hard it is for younger staff as the pandemic grates and as workloads soar
Banks are waking up to how hard it is for younger staff as the pandemic grates and as workloads soar Photo: Michael Nagle/Getty Images

It all started with an explosive leaked survey from 13 Goldman Sachs analysts, whose complaints of shocking workloads and brutal 100-hour weeks highlighted the realities of banking life during an unprecedented pandemic and deal bonanza.

Banks have since woken up to how hard it is for their younger, more inexperienced hires. Some have been rolling out perks and bonuses, while others have vowed to amp up hiring to even out the work.

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