According to an internal survey done by a group of first-year analysts, junior investment bankers at Goldman Sachs are suffering burnout from 100-hour workweeks and demanding bosses during a SPAC-fueled boom in deals. The survey was leaked on social media last week, causing quite a controversy. The bankers have somehow, despite working over 105 hours a week and without having time to shower, found time to create an elaborate report documenting the state of first-year analysts:
“The sleep deprivation, the treatment by senior bankers, the mental and physical stress … I’ve been through foster care, and this is arguably worse,” one Goldman analyst said, according to the February survey of 13 employees.
“My body physically hurts all the time, and mentally I’m in a really dark place,” another analyst said.“
"I didn’t come into this job expecting a 9 am-5pm’s, but I also didn’t expect consistent 9 am-5am’s either”
The whole slide deck
is at the same time both weird and sad. You are in a quite desperate situation if the only way you can communicate with your bosses is by leaking pitch-decks to social media.