Since when did UBS, Citi, and Jeff become sweatshops??
Always hear great things about the teams here and their cultures but have recently seen threads on terrible hours at these 3
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Jefferies has been a sweatshop across most of the groups (some more than others) for a pretty long time. A lot of this has to do with the Drexel/DLJ roots. I think being a sweatshop isn't related to culture as much as it is related to the sheer number of hours. Jefferies has a great junior culture but due to the leanness of the teams and the overall growth the bank is experiencing, most of the groups are somewhat short-staffed. This leads to longer hours overall.
Anyone from Jefferies can confirm?
I am at Jefferies.
Also at Jefferies and can confirm. It is mostly a staffing issue. Bank is growing very rapidly and picks up more mandates than it can handle. The groups are actively hiring but existing juniors are out the door by the time the new hires come in and ramp up. It's a constant issue of not having enough resources and people who stay have to take on more responsibility and staffings which causes burnout.
Jeffries literally gave multiple kids heart attacks what
Not sure why this has MS, I was in a group with one
Jeffrey's HR is onto you!
Which group(s) specifically if u dont mind me asking? Any idea what average hours could look like in the sweatier groups there?
At some groups at UBS they started staffing new second year analysts as associates on live deals
Can 100% confirm because so many associates quit. UBS is a SWEAT SHOP
Which group(s)? Lateraling there...
How is Citi C&R?
thoughts Citi FIG?
Don't worry, banks are not sweatshops, you work 0 hours a day...
In your dreams.
Lol Jefferies was born a sweatshop what is this post?
How are they always hiring?
Citi has some legendarily sweaty groups for a while now, how is this a recent development? Someone post that chart of the sweatshop playoff brackets.
Which groups? Guys I know there appear to be in the lifestyle groups
Its just their semis group within tech that is sweaty.. other groups are pretty par for the course with software on the other hand having solid WLB
FIG is notoriously sweaty
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