Junior Bankers Face Renewed 100-Hour Work Weeks
Increased deal flow and reduced headcount strain Wall Street's youngest employees, reviving old tensions and health concerns.
- Junior bankers are inflating or understating hours to avoid penalties or losing free time.
- Staffers are struggling to manage workloads and protect junior employees from burnout.
- Recent deaths and health scares highlight the physical toll of long hours.
- Promises of better work-life balance clash with the demands of new deals.
- Surveys show junior bankers report low mental and physical health scores.