🧵 1/N: Junior bankers facing grueling 100-hour work weeks as Wall Street shows signs of reverting to pre-Covid demands, reports Bloomberg. #business
🧵 1/N: Junior bankers facing grueling 100-hour work weeks as Wall Street shows signs of reverting to pre-Covid demands, reports Bloomberg. #business
🧵 2/N: Staffers caught in the middle as they struggle to allocate tasks with reduced staff, raising stress levels all around.
🧵 3/N: Some junior bankers at JPMorgan and UBS inflate hours to protect free time, while Bank of America trainees understate to avoid HR issues.
🧵 4/N: Rising workloads prompt desperation tactics like inflating or understating hours, leading to health concerns and resignations.
🧵 5/N: Despite banks' promises, heavy workloads persist for junior bankers, with concerns over well-being as pressure for deal flow increases, according to user reports.
🧵 Read more at: https://www.zerohedge.com/markets/junior-bankers-are-working-100-hour-weeks-again