A leaked internal survey from Goldman Sachs was circulating on social media last week and it shows how junior investment bankers at the company are facing gruelling working conditions. The results of the survey were also published by The Guardian and it shows that the 13 individuals surveyed worked 105 hours the week ending February 13th and 98 hours on average since January.
Unsurprisingly, that is having a major toll on the junior bankers who going to sleep at 3:00am and getting an average of five hours sleep each night. When asked to rate their mental health between 1 and 10 before and after starting the job (where 10 is the healthiest), the young bankers rated it as 8.8 before starting and just 2.8 at the time of the survey. Likewise for physical health, it was rated 9.0 beforehand and 2.3 in February. According to Wall Street Oasis data, Goldman Sachs pays its first-year investment banking analysts $123,500 a year on average, a figure that includes the base salary and bonuses.