Memo To UBS Junior Bankers: IBD Chief Andrea Orcel Wants To See Asses In Seats
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Time was, life as a junior employee at Wall Street’s biggest investment banks involved spending 100 hours each week at your dek and getting down on your knees and thanking god for sweet mercy on the rare occasions you didn’t have to come into the office one the weekend. Then, starting about a year and a half ago, management got crazy and started telling its youngest employees, “Go ahead, enjoy one entire weekend per month to yourself,” or some variation thereof. Each place had its own way of doing things– Goldman Sachs banned analysts and associates from the building between Friday 9PM and Sunday 9AM, JP Morgan went with a “protected weekend,” BofA recommended taking off “a minimum of four weekend days off per month“– but for the most, everyone fell in line, with Credit Suisse, Citigroup, and Bank of Montreal all eventually jumping on the bandwagon…
Memo To UBS Junior Bankers: IBD Chief Andrea Orcel Wants To See Asses In Seats
