Facts (applies to interns only):
Interns are not allowed in the office between 12am - 7am
They're not allowed to work Saturday
They're not allowed to work from home during these hours
This brings up a couple interesting dilemmas:
This will never work. Interns are never going to ease up regardless of regulation. Who do you think is going to get the full time offer? The guy who works till midnight only or the guy who stays until the job gets done?
This is a classic foot in door, bait and switch or whatever you want to call it. The intern experience doesnt even come close to the full time experience anymore. They will leave thinking they know and ibd but they absolutely do not.
How strictly will this rule will actually be upheld?
Will other banks follow suit?
If you were an intern in this case would you break the rules to try to get more work done?
Would love a report from the 'inside' later this summer.
Goldman Sachs Group Inc. is telling its summer interns to take the night off.
Banking interns were instructed to leave the office by midnight and not return before 7 a.m., while also taking Saturdays off, Michael DuVally, a spokesman for the New York-based bank, said Wednesday.
Wall Street firms are attempting to reduce stress and improve conditions for their youngest workers. Goldman Sachs has increased salaries for junior employees and discouraged entry-level analysts from working weekends as many of the brightest college students seek careers in private equity or technology rather than investment banking.