Goldman Sachs investment bankers have had it. Calling for a 80 hour cap and systemic changes.

[Serious]

No, it isn’t most jobs that require degrees. Are we forgetting that high school education is mostly trash in the United States? When people say things like this they’re thinking of themselves in high school and not the average person. Most high school graduates can barely write a grammatically correct sentence.

aside from elite ivory tower institutions, “most” college graduates ain’t that much better either.

 

[Ahadi]

That’s what’s expected when you’re working at a top financial institution.

 

[ogc163]

On one hand this ish is prevalent in the traditional major white collar professions, because the upside can be significant--primarily the potential to make great money and acquire an elite network--that will always attract elite talent. But on the other hand so many hours is usually inefficient and is primarily a form of rites of passage/virtue signaling.

Given the level of prestige and access to networks though, I can't knock GS too much considering these young folks know about the culture and expectations beforehand. Being a Goldman alum is going to give these guys access to networks that are only comparable to a handful of worldwide institutions.

 

[No1]

aside from elite ivory tower institutions, “most” college graduates ain’t that much better either.

Yes, they are. The average college graduate has at least shown a minimum level of competence. But being much better than trash ain’t saying much.

 

[TheDarceKnight]

I work at a firm (not investment banking, but financial nonetheless) and manage our interns and junior staff. The competition aspect is one of the major problems. You got kids straight outta college who think the best way to stick around is to work 24/7. Arrive early, leave late, work all night from home and then come in the next day to do it again. That doesn't impress me at all. I'm far more interested in how you think/problem solve, and how you maximize your time. I'm not interested in someone who works nonstop because there's no way your productivity is going to remain consistent. You need lunch, you need rest, etc. If you can't balance that, I'm not interested. That's not to say we don't work extremely hard - I expect you to. But I also expect you to understand that the things you do outside the office (rest, eating, prepping for work, etc) determine how hard you can actually work.

Another thing I notice...older employees who take advantage of juniors and interns. I shut that shyt down as much as I can.

I'm saving to open a business once this pandemic cools off, but I used to be in a corporate environment. I wish I'd had higher ups that cared more about problem solving, solutions, and and making sure that your people can find a healthy balance. Having superiors that thought the opposite of you is a big reason I got burned out and quit to go for a career change.

Dap and reps. You're a good man, Perkins.

 

[Wild self]

Problems with workplace conditions? If only there was a way to fix that

It was done nearly 250 years ago. It was called the French Revolution.

Or go the more civilized route and UNIONIZE the workforce and get 4 day work weeks and work only 8,hour days.

But people normalize greed, thinking that nothing will ever change. These posters enable this behavior.

 

[☑︎#VoteDemocrat]

pay and prestige are two of the main drivers for kids to enter this field, when both are diluted, you no longer attract the top prospects which also dilutes the brand of the company. it's a self-fulfilling circle. GS can say they have all these harvard, Stanford, princeton kids working there - they become sought after from clients because they supposedly have the brightest people working for them, and when these kids can say they work at the elite GS, with all the other kids from the ivy's, and that hey got one of 200 openings that year, they benefit from the prestige factor as well.

like i said, we have a different idea of what rationalizing is.
where there are options, you rationalize, where there are no options, there are logical reasons for the status of said choice.

making the choice to work in high finance has an unavoidable entry, if you dont like that entry role, you cannot stay in high finance, thus a logical reason to stay.

making the choice to have a man, even a rich man, has multiple paths - when one is unsatisfactory, you can rationalize (make up illogical) reasons to stay or you can go and still find another.

Banking ain’t even as hot as it was in the 2000s which has lost ground to tech

 

[dora_da_destroyer]

Banking ain’t even as hot as it was in the 2000s which has lost ground to tech

i over the past 5-10 years tho banking has struggled to recruit as those same people flock to tech for the high pay but much better WLB and perks. if you're still trying to do investment banking, especially at a BB like GS, Merrill, or Morgan Stanley, you know what you're signing up for.

 

[NaijaProdigy Redux]

Now Credit Suisse is upping Jefferies by giving a special $20K bonus to junior / mid-levels and raising analyst base salary.

Apollo is giving $100-$200K retention bonuses (dependent on your year) to its associates.

 

[ADevilYouKhow]

Goldman Sachs boss says 'go extra mile' despite 95-hour week

 

[EndDomination]

Problems with workplace conditions? If only there was a way to fix that

White-collar professionals, especially in the finance, accounting, and legal spaces - have an absolute aversion to any kind of collective bargaining agreements.
They fell for the okie-doke hook, line, and sinker decades ago, and will probably be the last to ever come together for any real labor rights.

Plus they've also absorbed the "rise and grind" mentality because it is one of the few fields where consistent inhumane output can absolutely lead to financial rewards in the long-run - at the cost of your social life, mental health, and physical health.

 

[Hood Critic]

There is a HBO series called Industry on analysts in the investment banking sector in London. The ultimate question centers around if the money is worth it?

Good show but the gay sex is a little extra than normal it would seem

 

[Wild self]

White-collar professionals, especially in the finance, accounting, and legal spaces - have an absolute aversion to any kind of collective bargaining agreements.
They fell for the okie-doke hook, line, and sinker decades ago, and will probably be the last to ever come together for any real labor rights.

Plus they've also absorbed the "rise and grind" mentality because it is one of the few fields where consistent inhumane output can absolutely lead to financial rewards in the long-run - at the cost of your social life, mental health, and physical health.

That's why I rather get a government job with a side hustle, than to work 8 hour weeks, smelling like a decomposing body because you decided to work an extra 4 to 5 hours extra every night after the workforce left for home.

The "greed is good" mentality ruined America.

 

[the cac mamba]

let's see paul allen's card

 

[hashmander]

I know I wasn’t the only one who started binge watching this last night

i was done after "i want to wear you to work"