A group of Goldman Sachs first-year analysts warned senior management that they are overworked and will quit within six months unless conditions improve, according to an internal survey circulated online.
The 13 junior bankers said that they worked an average of 95 hours a week, slept five hours a night, frequently faced"unrealistic deadlines," and that relationships with friends and family were strained. They presented their findings to Goldman Sachs' management in February, and the bank has since taken steps to address employee burnout, the bank said.A sign is displayed in the reception of the Sydney offices of Goldman Sachs in Australia, May 18, 2016.
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