Junior investment bankers still working under pressure

Hard Hat In Office Tray

'If you have 80 hours of work to do in a week, you’re going to have 80 hours of work to do in a week, regardless of whether you’re working Saturdays or not'.

The New York Times reports that the biggest investment banks recently signaled a sea change in their corporate culture, telling their most junior employees to ease up a bit on their hard-charging work schedules.

Like other practices on Wall Street, however, the more things change, the more they remain the same.

A number of young bankers say that while they can now enjoy a leisurely brunch or a binge of television watching on Saturdays, their overall workload has not changed noticeably. It just gets pushed to a different day.

'If you have 80 hours of work to do in a week, you’re going to have 80 hours of work to do in a week, regardless of whether you’re working Saturdays or not', said a junior banker at Deutsche Bank, who, like the others interviewed for this article, spoke on the condition of anonymity because he risked his job by talking to a reporter. 'That work is going to be pushed to Sundays or Friday nights'.

'It’s well intentioned,” he added, 'but I don’t know if it’s actually practical'.

Hit the link below to access the complete New York Times article:

Banks Ease Hours for Junior Staff, but Workload Stays Same

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