Is Goldman really allowing no WFH?

Heard they are in office 5 days a week, everyone staying late every night(like pre covid banking). Is this real?

I'm at a pretty sweaty group and we are 2 to 3 days a week wfh, people leaving around 5 or 6pm when in office to go home and pick it up remotely.

For any current GS juniors...how is morale knowing the rest of the street has hybrid flexibility? 

How angry are you knowing after delivering record performance to shareholders in a remote environment, leadership has completely removed all hybrid functionality going forward?

Comments (47)

Nov 15, 2021 - 2:32pm

At GS and can say that all IBD teams are in the office Monday thru Friday every week.

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  • Analyst 1 in IB - Cov
Nov 15, 2021 - 12:38pm

Can also confirm your sources are wrong. My class (second year) rarely ever comes into the office

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  • Analyst 1 in IB - Cov
Nov 15, 2021 - 8:32pm

WARNING RANT INCOMING

**Fucking this dipshit CEO Solomon thinks he knows what's the best thing to do but this mfer only cares about himself. This guy pushed us back into our offices on June 14th to a majority of my class's disappointment and despair. Looking at my peers who have the flexibility to do their laundry, cook meals, lay down for 5-10 minutes during the day if your tired and not have to waste time commuting i've begun to resent my role more and more. The longer I've been at gs the worse the name feels to me and the less prestige bs matters. 

BTW for those that dont know GS did jack shit to help us out in terms of having anything to work remotely with bc they just want us in the office for no reason. I understand coming in 2-3 times per week to interact with seniors, meet with other juniors,etc. but trust me when i'm dying from work and I have to get up an hour earlier to do my hair, get dressed, and commute the last thing I want to do is see anyone else. Saturdays are legit for me to do all my chores and I hardly have time to see friends these days. I can't call my gf when I'm just doing asynchronous work bc I'm in the office now and in the evenings instead of playing on my nintendo switch while waiting for comments I have to just dick around in the office and come home late af. Fuck this bitch ass CEO who thinks he's cool and thinks he's "revolutionizing" the firm and making it better bc ON THIS TOPIC UR FUCKING NOT.

Citi feels so desirable having more flexible hybrid work models and I'm hating this bs ALWAYS BE IN THE OFFICE motto at GS

  • Analyst 1 in IB - Cov
Nov 16, 2021 - 11:27am

VPs / staffers sporadically come back into the office and it's never a good look when they come back at 7PM and nobody is there and they want to ask things. Legit this has happened before and the team has been yelled at

  • Associate 1 in IB - Restr
Nov 17, 2021 - 10:59pm

Curious if 2nd years or associates have leeway to come in when and for how long they want.  I had just started as an A2A when my bank "encouraged" everyone to go back into office.  Out of banking now, but would WFH on days I really didn't feel like going into the office, typically rolled in late after getting to morning emails, never stayed past 6, and would often leave well before then.  Obviously they wanted ppl in office, but they had no logical recourse for doing shit about it.  What recourse do they actually have?  They going to fire or fuck over on bonus strong performing junior bankers because they're getting all of their work done well from their apartment instead of from the bullpen?  QOL enhancement from WFH is real - QOW enhancement from working in office is not

  • Analyst 2 in IB - Cov
Nov 16, 2021 - 11:39am

Think it's very much group dependent - the team I'm on (TMT) has been very flexible with WFH; there are analysts who come in once a month and they haven't had any pushback to come into the office every day. Our team has fairly regular happy hour / events, including workouts with celebrity trainers, ping pong / open bars, etc.

Thankfully, WFH has eliminated virtually all facetime, and junior folks on our side regularly come in at noon or later, and others leave by 5PM. I've personally really enjoyed the catered meals (ie, sushi, custom free salads via Ritual, burger bars, etc.) and the workout classes (spin, yoga, etc.) at the office, but think it probably gets old for some folks who have been in the office for a while. Dress code has also become much more casual, with folks regularly wearing sweaters / polos / jeans during the week, and t-shirts on Fridays; have even seen some folks wear ripped jeans to the office. That said, don't think the office setup is ideal given that you only get the single monitor, and the desk heights aren't adjustable. For analysts in my class, probably only 20 - 40% show up on any given day, so assume the WFH flexibility is group dependent. 

  • Intern in IB - Gen
Nov 16, 2021 - 11:41am

Do you think that this is going to continue moving forward? I am an incoming SA for TMT and this sounds amazing. 

  • Analyst 1 in IB-M&A
Nov 16, 2021 - 2:00pm

Must be TMT NY because SF doesn't get half of those fucking perks. Crusty office and everyone (all first years + hardo 2nd years) in there just like pre covid times

  • Analyst 2 in IB - Cov
Nov 16, 2021 - 2:07pm

Yeah - caught up with some friends in SF, sounds tough given there's only one floor and no gym / other benefits. Hearing SF hours are getting tough, with analysts getting up early for east coast calls as early as 5 / 6AM, and getting off at 2 / 3AM regularly. Sounds like the norm is closer to 9AM - 2AM though, but I'm sure that varies depending on the workload. 

Nov 18, 2021 - 4:09am

Have heard banking is fully done with WFH while non-banking has more flexibility. Solomon believes good bankers are made by having as much in person experience as possible whether it's with colleagues or clients.

To the folks in banking who said it's BS that you don't have to come in five days a week, is it more group-specific or are the masses just grossly misinformed? All my friends, most of whom are associates, at GS say it's 100% mandatory to be in.

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Nov 18, 2021 - 4:09am

Have heard banking is fully done with WFH while non-banking has more flexibility. Solomon believes good bankers are made by having as much in person experience as possible whether it's with colleagues or clients.

To the folks in banking who said it's BS that you don't have to come in five days a week, is it more group-specific or are the masses just grossly misinformed? All my friends, most of whom are associates, at GS say it's 100% mandatory to be in.

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  • Analyst 1 in IB - Cov
Nov 18, 2021 - 6:50am

I'm a second year analyst in GS TMT as I mentioned before, and I promise most of us only go in like twice a week max. When we do go in, it's only for like 6-8 hours max. There are a good amount of people who actually almost never go in. 

I'm not sure why people here won't believe me, but like why would I lie about this haha

Nov 18, 2021 - 4:09am

Have heard banking is fully done with WFH while non-banking has more flexibility. Solomon believes good bankers are made by having as much in person experience as possible whether it's with colleagues or clients.

To the folks in banking who said it's BS that you don't have to come in five days a week, is it more group-specific or are the masses just grossly misinformed? All my friends, most of whom are associates, at GS say it's 100% mandatory to be in.

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  • Analyst 1 in IB - Cov
Nov 18, 2021 - 8:45am

100% agree that being in-person can be very helpful, especially for 1st years to build camaraderie and learn by diffusion. With that said, I think being in the office 2-3 times a week is more than enough to benefit from this. Once you're doing M-F I feel like it's not only draining but inefficient for productivity, which solomon stresses so much for clients.

Nov 18, 2021 - 8:24am

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