The workload placed on Junior Analysts at the major Investment Banks (BB’s) has seen alot of attention lately, with banks promising to ease down on the workload and encourage weekends off. I ran into an interesting article today on The New York Times’ “DealBook”, titled Banks Ease Hours for Junior Staff, but Workload Stays Same where current Junior Analysts add their opinions.
“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.”
What are you’re thoughts on this? Will the hours for Junior Analysts really change anytime soon?