Beautiful Virgin Islands

Saturday, Aug 16, 2025

Goldman Sachs analysts say they work 95-hour weeks and endure 'inhumane' treatment

Goldman Sachs analysts say they work 95-hour weeks and endure 'inhumane' treatment

A workplace survey from a group of junior analysts at Goldman Sachs is about to make you feel a lot better about your job.

About a dozen first-year analysts say they are working more than 95 hours a week on average, sleeping just five hours a night and enduring workplace abuse. The majority of them say their mental health has deteriorated significantly since they started working at the investment bank.

"There was a point where I was not eating, showering or doing anything else other than working from morning until after midnight," one analyst says in the report.

The survey comes from a self-selected group of 13 first-year analysts who presented their findings to management in February, a spokesperson for the bank said. The survey results from the analysts began circulating on social media this week and were earlier reported by Bloomberg News.

The bank says it's listening to its employees' concerns and working on solutions.

"We recognize that our people are very busy, because business is strong and volumes are at historic levels," the bank said in a statement. "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."

Few people entering the cutthroat world of Wall Street banking would expect a tidy nine-to-five. But the analysts in the survey are essentially pleading with their employer to cap their weekly work hours at 80.

"This is beyond the level of 'hard-working,'" one said. "This is inhumane."

One hundred percent of respondents said their hours had hurt their relationships with friends and family. About three-fourths of the analysts said they feel they've been a victim of workplace abuse and have either sought or considered seeking help for mental health issues.

"My body physically hurts all the time and mentally I'm in a really dark place," one analyst wrote in the survey.

Virtually all of the analysts said they felt pressure from "unrealistic deadlines" and have been shunned or ignored in meetings. Their report also offered solutions to management to help rectify the situation.

"In order to do our best work and deliver for the firm's clients we need to be rested and free from juggling an insurmountable amount of conflicting work stream," the group said.

Although Wall Street banks, and Goldman in particular, are known for sky-high salaries and even loftier bonuses, that's not always the case for first-year analysts — the bottom of the food chain in the financial world.

A spokesperson for Goldman declined to comment on compensation. A report by Business Insider last year estimated first-year investment bank analysts at Goldman and other top firms can expect a base salary of about $91,000.

The complaints in the survey are at odds with the more easygoing image Wall Street banks have sought to put forward in recent years. Faced with increased competition for talent from the jeans-and-hoodie crowd of Silicon Valley, big banks have loosened their formal suit-and-tie dress codes and expanded family leave policies.

Goldman has also sought to protect junior bankers' weekend with a "Saturday rule" that mandates analysts be out of the office from 9 pm Friday to 9 am Sunday, except in rare circumstances. (That rule, according to the analysts in the survey, isn't always respected.)

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
High-Stakes Trump-Putin Summit on Ukraine Underway in Alaska
The World Economic Forum has cleared Klaus Schwab of “material wrongdoing” after a law firm conducted a review into potential misconduct of the institution’s founder
The Mystery Captivating the Internet: Where Has the Social Media Star Gone?
Man Who Threw Sandwich at Federal Agents in Washington Charged with Assault – Identified as Justice Department Employee
A Computer That Listens, Sees, and Acts: What to Expect from Windows 12
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
UK has added India to a list of countries whose nationals, convicted of crimes, will face immediate deportation without the option to appeal from within the UK
Southwest Airlines Apologizes After 'Accidentally Forgetting' Two Blind Passengers at New Orleans Airport and Faces Criticism Over Poor Service for Passengers with Disabilities
Russian Forces Advance on Donetsk Front, Cutting Key Supply Routes Near Pokrovsk
It’s Not the Algorithm: New Study Claims Social Networks Are Fundamentally Broken
Sixty-Year-Old Claims: “My Biological Age Is Twenty-One.” Want the Same? Remember the Name Spermidine
Saudi Arabia accelerates renewables to curb domestic oil use
U.S. Investigation Reports No Russian Interference in Romanian Election First Round
Oasis Reunion Tour Linked to Temporary Rise in UK Inflation
Musk Alleges Apple Favors OpenAI in App Store Rankings
Denmark Revives EU ‘Chat Control’ Proposal for Encrypted Message Scanning
US Teen Pilot Reaches Deal to Leave Chile After Unauthorized Antarctic Landing
Trump considers lawsuit against Powell over Fed renovation costs
Trump Criticizes Goldman Sachs Over Tariff Cost Forecasts
Perplexity makes unsolicited $34.5 billion all-cash offer for Google’s Chrome browser
Kodak warns of liquidity crisis as debt obligations loom
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Taylor Swift announces 12th studio album on Travis Kelce’s podcast after high-profile year together
South Korean court orders arrest of former First Lady Kim Keon Hee on bribery and corruption allegations
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
JD Vance to meet Tory MP Robert Jenrick and Reform’s Nigel Farage on UK visit
Trump and Putin Meeting: Focus on Listening and Communication
Instagram Released a New Feature – and Sent Users Into a Panic
China Accuses: Nvidia Chips Are U.S. Espionage Tools
Mercedes’ CEO Is Killing Germany’s Auto Legacy
Trump Proposes Land Concessions to End Ukraine War
New Road Safety Measures Proposed in the UK: Focus on Eye Tests and Stricter Drink-Driving Limits
Viktor Orbán Criticizes EU's Financial Support for Ukraine Amid Economic Concerns
South Korea's Military Shrinks by 20% Amid Declining Birthrate
US Postal Service Targets Unregulated Vape Distributors in Crackdown
Duluth International Airport Running on Tech Older Than Your Grandmother's Vinyl Player
RFK Jr. Announces HHS Investigation into Big Pharma Incentives to Doctors
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Security flaws in a carmaker’s web portal let one hacker remotely unlock cars from anywhere
Street justice isn’t pretty but how else do you deal with this kind of insanity? Sometimes someone needs to standup and say something
Armenia and Azerbaijan sign U.S.-brokered accord at White House outlining transit link via southern Armenia
Barcelona Resolves Captaincy Issue with Marc-André ter Stegen
US Justice Department Seeks Release of Epstein and Maxwell Grand Jury Exhibits Amid Legal and Victim Challenges
Trump Urges Intel CEO Lip-Bu Tan to Resign Over Alleged Chinese Business Ties
Scotland’s First Minister Meets Trump Amid Visit Highlighting Whisky Tariffs, Gaza Crisis and Heritage Links
Trump Administration Increases Reward for Arrest of Venezuelan President Maduro to Fifty Million Dollars
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
×