Goldman Sachs Limits Interns to 17 Hour Workdays
Memo to Wall Street interns: go home and get some sleep. Goldman Sachs told its summer interns — all 2,900 of them — when they started their gigs this summer that they can’t be in the office between midnight and 7 a.m..
The 17-hour work day restriction is an attempt by the banking giants to curb some of their junior staffers’ long and grueling hours. One young banker told Atlantic writer Kevin Roose last year that the “banker 9 to 5” is 9 a.m. until 5 a.m. the next day. And 22-year-old Sarvshreshth Gupta complained to his father about regular 100 hour work weeks before he died earlier this year.
Earlier this year, Bank of America told its staffers that they’ll be required to take a minimum of four weekends off per month. Goldman Sachs has also encouraged its staffers not to work on weekends, and began offering analysts full-time contracts instead of two-year contracts to relieve some of the pressure.
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