Goldman Sachs Analyst Exposes Himself To Workplace Abuse: Working More Than 95 Hours A Week, Too Busy To Eat Or Shower
While Wall Street banks, especially Goldman Sachs, are known for their hefty salaries and bonuses, that's not always the case for junior analysts, who are at the bottom of the financial world's food chain.
According to CNN website 18 reported, in the ordinary person's impression, Wall Street practitioners are always suits, eloquent, in the hands of hundreds of millions of dollars in assets, the proper image of the workplace elite ...... However, a workplace report of Goldman Sachs analysts spread on social media, their labor intensity is comparable to the 996, 007 . they complained of working more than 95 hours a week, so busy that they had no time to eat, or even take a shower, a feeling that makes people increasingly want to quickly escape from the banking world.
In order to maximize profits, many enterprises and companies make their employees work overtime constantly, from 9 a.m. to 9 p.m., six days a week, known as "996", and from 12 p.m. to 12 a.m. the next day, seven days a week, known as "007".
One analyst said in the report, "I work from morning to midnight, with no time to eat, shower or do anything else."
"This goes beyond 'working hard,'" one analyst said. "It's inhumane."
All of the respondents said their work hours were hurting their relationships with friends and family. About three-quarters of analysts said they considered themselves workplace abusers and had sought or considered seeking help for mental health issues.
The analysts are said to have shared their reports with management, and the bank said it is listening to employees' concerns and working to find reasonable solutions. "We recognize that our employees are very busy because business is high and transaction volumes are at an all-time high," the bank said in a statement. "It's been a year since the outbreak and people are feeling very nervous, which is why we are listening to their concerns and figuring out how to solve the problem."
These analysts even suggested solutions for Goldman Sachs, such as maximizing the 80-hour work week and avoiding last-minute tweaks to presentations before client meetings.
While Wall Street banks, especially Goldman Sachs, are known for their hefty salaries and bonuses, that's not always the case for junior analysts, who are at the bottom of the financial world's food chain. According to a report from Business Insider last year, junior investment banking analysts at Goldman Sachs and other top firms make a base salary of about $91,000.
