C Suisse tells junior bankers to take Saturdays off

Mojito Cocktail Thomas WeiƟ

It's great to be young - and a banker.

Bloomberg News reports that Credit Suisse has told junior investment bankers to take much of their weekends off as Wall Street firms seek to improve working conditions.

Analysts and associates in the U.S. investment banking division should be out of the office from 6 p.m. Friday until 10 a.m. Sunday unless they’re working on an active deal, according to an internal memo from Jim Amine, the firm’s global head of investment banking. 

The changes could soften the image of early Wall Street careers as endurance contests, with 100-hour work-weeks and no time off. Banks including Goldman Sachs and Bank of America are changing their policies as merger deals and initial public offerings have fallen from pre-crisis peaks and average pay drops at the largest U.S. firms.

Hit the link below to access the complete Bloomberg article:

Credit Suisse Tells Junior Bankers to Take Saturdays Off

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