Goldman Sachs analysts ask to work just 80 hours a week in presentation

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Goldman Sachs underlings are griping over grueling, 100-hour weeks that they say have caused their mental health to decline — and, they claim, have pushed them closer to ditching their coveted jobs at the bank.

The complaints come from 13 first-year analysts in Goldman’s investment banking group who surveyed themselves about their work woes — and then organized them into a detailed PowerPoint presentation that has since spilled onto social media.

The leaked presentation, which was shared with managers, includes testimonials of working 20-hour shifts that one worker called “inhumane.”

“What is not ok to me is 110-120 hours over the course of a week! The math is simple, that leaves 4 hours for eating, sleeping, showering bathroom and general transition time. This is beyond the level of ‘hard-working,’ it is inhuman/ abuse,” the analyst complained.

“The sleep deprivation, the treatment by senior bankers and physical stress… I’ve been through foster care and this is arguably worse,” another added.

“My body physically hurts all the time and mentally I’m in a really dark place,” yet another kvetched.

In the report, the analysts even suggested solutions such as maxing out their workweeks at 80 hours and avoiding last-minute changes to presentations for client meetings — a dig at Wall Street’s constant “pls fix, thanks” culture.

“Junior bankers should not be expected to do any work after 9 p.m. Friday or all day Saturday without a pre-approved exception, as that is the only safe-guarded personal time that we get,” they wrote in the presentation.

Wall Street is known as an industry with long hours. But during the pandemic, with no set time to clock in and clock out, complaints of not having time for basic needs like eating and showering are on the rise.

“I didn’t come into this job expecting a 9am-5pm’s,” said one survey respondent. “But I also didn’t expect consistent 9am-5am’s either.”

In response, Goldman is enacting new measures which include forgoing some business to help keep the workload more manageable, according to a Bloomberg report that cited an unnamed Goldman executive.

“We recognize that our people are very busy, because business is strong and volumes are at historic levels,” said Nicole Sharp, a spokeswoman for Goldman Sachs. “A year into COVID, people are understandably quite stretched, and that’s why we are listening to their concerns and taking multiple steps to address them.”

Goldman Sachs did not return requests for additional comment.

Anger has been bubbling at Goldman amid a report earlier this month that Goldman Sachs’ CEO David Solomon has been living the high life while his employees toil day and night.

Solomon recently jetted off for weekend getaways seven times as many weeks on Goldman’s private Gulfstream jet — including four trips to the Bahamas, according to an explosive report by Bloomberg.

At the time, Goldman rep Jake Siewert pushed back at the report, saying that Solomon practices what he preaches.

“When he’s away for a weekend, David continues to work, pays for his travel, follows COVID protocols and is back in the office first thing on a Monday morning,” Siewert told Bloomberg.

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