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It was only a matter of time. Now the question is when not if other banks follow suit. My prediction is that most BBs and all EBs are back 5 days a week with team-dependent exceptions. Select BBs and MM firms will use this as a way to differentiate and attract talent.

Would expect the groups discussed most here: GS/JPM/MS and EVR/PJT/LAZ to go back 5 days since they won't have a shortage of suitors.

I'd also predict that this expedites certain peoples exits (namely, Associates who are 1-2 years in and not wanting to grind another 2-3 years in office)

 

My EB is definitely 4 days a week in office and it seems to be pretty protected. Lots of times people come in less but that is dependent on group’s FaceTime culture. I do not think all the top BBS/EBS will follow suit because 1) there is no direct correlation between 1 more day in the office and increased productivity (it’s literally just optics) and 2) Other banks that can’t ride off the coattail of their name recognition (so literally everyone else besides MS to be honest) don’t want to lose talent by pulling what is perceived as an unnecessarily hardo move. GS can pull this shit literally only because they are GS

 

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