Is Goldman actually going 5 days a week?
A Fortune article reported that Solomon wants people back 5 days a week. I’m dumbfounded by this, but wanted to know what others thoughts are?
My bank has been signaling the 3 day in / 2 day out schedule. While reasonable, most peers have grumbled about the plan to me saying they would rather do 2 in office. That said, 3/2 seems reasonable to me personally.
I have yet to speak to 1 person in my real life that would do 5 days a week in office anymore. I’m worried other banks will follow, but also assume turnover will be huge.
If we go back 5 days a week, I’m hitting the job boards personally. Anyone else?
My bank is 3/2 but I'm basically doing 2/3. People don't seem to care as long as you get your work done.
Isn't JPM also 5 days a week?
Correct yeah, except unlike Goldman no free Ubers (unless it’s past 8), no free breakfast, no free lunch. We’re ecstatic over here :)
(Haven’t updated title, current analyst)
lol pls share more about this shit. incoming analyst at jpm
Goldman has free breakfast and lunch now? Since when?
I think JPM is group by group... multiple people I know are 3 days/week, although very strict about that and you don't pick your own days. No food except dinner stipend.
JPM also has that "flex hour" arrangement or something right? Where folks go home after 6pm and continue from there? Huge if it's actually respected. Does that still qualify for dinner stipend, since you're still working. Incoming ASO at JPM so was curious
Confirm that not all groups are 5 days mine is 3 days. MD wants fully optional hybrid, but head of IB is against it. No one cares in my group as long as work gets done
JPM also has that "flex hour" arrangement or something right? Where folks go home after 6pm and continue from there? Huge if it's actually respected. Does that still qualify for dinner stipend, since you're still working. Incoming ASO at JPM so was curious
Yes. It was essentially only communicated via word of mouth but most everyone’s bosses / managers told their juniors to come in 5 days a week. I think the severity of the messages differed across departments, but consensus was that it was deliberately not put out in firm-wide communications / writing in order to prevent competitor poaching or bad press.
Yeah we’re technically 5 days in a week, however enforcement varies by group and team. They changed our time sheet so that when our admins fill out our work logs they will report which of our days were WFH. If you’re a perpetual “slacker” the BUM (business unit manager aka staffer) will have a conversation with you. Not to name names but a certain highly regarded group at the bank will give the MDs and Partners weekly reports of those who don’t have excused absences from work.
Total ass but at least they’re trying to give us small incentives to come back. Gym is free now, breakfast and lunch provided free of cost, and Uber to and from the office. Can’t order seamless to anywhere but the office. Their intentions are clear.
do you get to go home around 6pm or do you have to do the whole stay until past midnight with the bullpen nonsense
Bummed. Would suck if you aren’t allowed to go home around 6
Gym is free "now?" Goldman used to charge its bankers to use their own gym?
Most (if not all) of the BBs do this
Breakfast and lunch free? Ubers to the office? Dude, jealous af lmao
Not really, this is just a bait to get people to the office. Down the road they’ll remove them slowly. Much harder to remove WFH.
Are you in NYC? Why are they providing Uber to the office?
Public transport is pretty sketchy and more dangerous nowadays.
I know this has nothing to do with the thread, but I was wondering if it is usual for analysts to get to use the gym at all? I mean, given the long hours I thought usually one wouldn't have enough energy left
Just saw on bbg that this perk is getting phased out on April 25th. Unreal
Many tears have been shed recently over this. Honeypotted
Not at GS but my European BB technically has 4 days in and 1 day at home. My LDN top group has never enforced it, analysts will often times not show up for two weeks with zero consequences. Meanwhile, our NYC group counterparts and the group next to us are very strict about it... Like most things in IB, entirely group dictated.
Do interns get free Ubers too for GS? I'm staying in Brooklyn for this summer and will most likely have to take ubers. I'll be interning in the GM division. Also how do you go about approaching them about this? Thanks for this info
You don’t approach them about this. If they are gonna offer it to you, they’ll let you know
I would assume you're paying for your own Ubers outside of the normal late-night rides. If they tell you they will comp it, great, but definitely don't ask. GS is notoriously stingy, I doubt the free Ubers will last very long or be widely extended. Interns are expected to be in so they're not needing to entice you into the office like FT employees
Also Ubers from BK are gonna be $40-50 each way so I'd work on finding a group of friends to split it with or closer housing if you're not comfortable with the subway
Goldman paying ubers to and from office?
So I live in jersey I could basically commute by uber for free to and from?
Thats actually pretty legit
At a PE firm (BX/KKR) and we are in five days a week. Lunch is paid for and dinner if you work past 6 P.M. Ubers are paid for if you work past 8 P.M.
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