My junior monkeys, want real change?
Having now left banking, I truly feel for you all. I've had some of the hours you guys are now experiencing far before WFH and it is truly miserable. I myself suffered from physical and mental health issues from workload.
If just ONE middle market or boutique bank can pull this off I guarantee that real change will happen across the industry.
Get your analyst class to start unionizing.
Want to actually see your MDs give a shit and be concerned about your workload?
Want to have an actual vacation?
Want to not work seven days a week for a year straight?
Want that "protected weekend" actually protected?
Want more than one hour a day to take care of personal issues and errands?
Want change that will actually last and not just some shitty townhall telling you take a break?
Want to be treated like a human instead of getting a Peloton and another last minute pitch?
Band together with your analyst class, because you have more power than you think. As as collective analyst class they can't fire you all, it would be an absolute nightmare for the bank if they did, not to mention the legal ramifications and negative press. Hell even if you only get half of your class, the effort and time to even replace half a class would be hell, MDs might even have to open an excel file! (Microsoft Office Suite has an app for iPhone right???)
Thanks to the bold, the media is already on your side, even those who dislike bankers feel for the 21 year old kids being worked to death.
Even the start of the process to unionize will have DJ D-SOL himself shaking is his little Gucci loafs.
At this point this is a workplace safety issue. How many analyst have died from being overworked in the past five years?, GS, Lincoln, , City, and I'm sure I'm missing several others. This is just deaths directly from the job. Not even including the physical and mental health issues countless juniors have suffered and are still suffering.
There's no better time than now. You even have the benefit to use WSO (an anonymous forum) where you can at least start floating this to others at your bank.
While I'm no longer in the industry, it would be incredible to see real changes happen and stay for good.
Do it for your fellow lost bankers who actually worked themselves to death.
Do it for yourself.
Do it for your friends and family who wish they could do a dinner or brunch with you (with out you bringing your laptop or having to cancel last minute).
Do it for your girlfriend/boyfriend.
Do it for your physical and mental health.
Do it for the prospects who will benefit from your bravery and courage to push the change forward.
Start talking to your fellow analyst and reach out to a union organizer.
Be the change you want to see.