How do fresh-faced financial services employees really feel ?
A recent survey has discovered that new bank employees are more satisfied with their employers' work-life policies.
Bloomberg Businessweek reports that when someone gets irrationally excited about having Saturday off, it’s a good sign they work in finance. The luxury of free time is new to young and aspiring investment bankers, from whom 100-hour workweeks were once commonly expected. It turns out there’s little nostalgia for those days.
Banks have flirted with easing the pressures on young bankers ever since a rash of incidents such as the death last year of a 21-year-old Bank of America Merrill Lynch intern who had worked for three straight days sparked criticism of the industry’s grueling schedules. A new survey shows that fresh-faced financial services employees are happier with the balance of work and play than they were a year earlier.
The data were released in advance of an annual ranking of banks based on their employees’ satisfaction conducted by career services website Vault.com. The 3,600 banking professionals polled rated their employers 3% higher on work-life policies than they did in 2013. They were also slightly cheerier about how many hours they’re asked to put in overall.
'You get to workout [sic] and eat a relaxing dinner Monday through Thursday', an anonymous analyst told Vault.com.
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