Working Conditions Survey Goldman Sachs & Co. LLC February 2021 ( Morning Brew)

https://assets.bwbx.io/documents/users/iqjWHBFdfxIU/rSEzNw9cve9E/v0?utm_source=morning_brew Goldman Sachs bankers have become a little too familiar with their Zoom reflection. In a survey circulated to managers, 13 analysts in Goldman's investment banking division reported sharply deteriorating mental and physical health from working almost 100 hours/week in what one described as "inhumane" conditions. They asked managers to cap their hours at 80/week, allow more time to prepare for client and team meetings, and guarantee Friday nights and Saturdays off (unless there's a pre-approved exception). If conditions don't improve, analysts said there's only a 35% chance they'll still be at Goldman in six months. A spokesperson said the bank is listening and trying to address concerns, including by hiring more junior bankers and transferring some employees to help. But execs probably don't want to address the root problem.