Goldman Sachs has a new intern rule: Go home at midnight
Banks have tried to create policies to restore some work-life balance for employees—JP Morgan made a color-coded spreadsheet to ensure that bankers take time off; Morgan Stanley seniors are supposed to remind their underlings to take weekends off; and Goldman Sachs started requiring junior bankers to take Saturdays off in 2013 (though apparently without reducing the overall workload).
Read the full article from Quartz here: Goldman Sachs has a new intern rule: Go home at midnight
I think the blurb sums up pretty well the shock I am feeling when I read this. I actually chose Commerce (basically the same as Business) as university study back when I was a wee lil lass out of high school. I majored in Marketing because I thought it was a creative job and I would get to come up with big fun ideas and events (more on this another time on how this is not the case at all). And well, after this article, I'm even more glad I didn't follow down the Finance path.
On the back of this article, it reminds me of a discussion I had with a friend the other day. He studies finances and has been an intern in a few big companies. I've also been a marketing intern in a few companies here and there. So the hot topic of discussion was how late interns/people in companies leave. Read on for this toasty discussion:
Him: But in the workplaces I've been in, the intern is always the last to leave because there's an expectation that you're young and you have to put in the hard yards that everyone else did in their junior years
Me: Nah on that point, I feel like that's propagated. like its a self-fulfilling prophecy. Because at Company X, I also felt I had to stay late to prove myself but people encouraged me to leave earlier.
And I actually think it's more impressive at work if someone is able to contribute a lot, get all their shit done, and not do ridiculous hours. It shows they're really good at balancing everythin.
Him: I know what you mean by it being self-fulfilling, but in some places its not. Like in a finance environment, the earliest you could possibly leave is like 8pm, just because a lot of work comes in after hours. I agree about leaving relatively on time is what you should aim, but then it can be relative to what's needed (and not expected) by the workplace