Goldman CEO vows to help ease burnout

Amid the reports of overworked investment bankers and remedies to burnout, it's been fascinating to see the range of reactions from those in and previously in the industry. A few examples below via Andrew Ross Sorkin. At one end of the spectrum, you're seeing some say enough is enough — the workload isn't worth it. At the other end, I'm hearing many say it's simply the price of admission — and excellence — in an industry whose culture has been forged by decades of tradition. What's your take on banking's workload? Do the benefits outweigh the costs? What are the benefits and costs? What changes, if any, would you want to see? Join the conversation in the comments below. #LinkedInFinance

Banking on mental health: If you're considering how to bring work-life balance back, Citigroup CEO Jane Fraser has some ideas which includes Zoom-Free Fridays and a new bank holiday to combat employee fatigue. The bank is also adopting a 3-2 hybrid model (3 in the office, 2 remote) https://cnb.cx/3cbiaeo #citigroup #leadership #ceo #employees #hybridwork #mentalhealth

"This is beyond the level of 'hard-working.' This is inhumane." That's what one Goldman Sachs staffer had to say in *that survey* that went viral last week, which showed how a small group of first-year analysts were coping with recent working conditions. About a dozen employees also said they were working more than 95 hours a week on average, sleeping just five hours a night and enduring workplace abuse. Now the bank's CEO is responding — with a promise to create more balance, at least on Saturdays... Via my CNN Business colleague Allison Morrow: #careers #banking #worklifebalance #mentalhealth

Help Wanted - Grueling work hours - Detailed-oriented activities - Demanding work environment - Excelleht pay - 'Inhumane' treatment I don’t think this advertisement was meant to hit the streets. Make it a great day! - Patrick Want leadership insights? I’d be honored if you joined the 100,000+ LinkedIn users who follow me, Patrick Leddin, Ph.D. Just click follow next to my name. In the end, it’s not about the numbers it’s about our collective impact and ability to get better together. #investmentbanking #work #leadership

A leaked internal survey from Goldman Sachs shows how junior investment bankers at the company are facing gruelling working conditions. 13 survey participants said they worked around 100 hours per week in January and February and got only around 5 hours of sleep on average per night. As seen in the chart at https://lnkd.in/dR9ZaCG, this led to a significant (and to-be-expected) decline of mental and physical health reported by the exhausted junior bankers.