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Working Conditions Survey Goldman Sachs & Co. LLC February 2021 Goldman Sachs does not provide accounting, tax, or legal advice. Notwithstanding anything in this document to the contrary, andexcept as required to enable compliance with applicable securities law, you (and each of your employees, representatives, and oth... |
2 Hours Worked Source: Survey of first-year analysts, 13 respondents Question Mean How many hours have How many hours have you worked this week (ending 2. 13. 21)?105 hours How many hours have you worked per week on average since January?98 hours How many hours do you sleep on average per night? 5 hours hours On averag... |
3 Near Term Retention Source: Survey of first-year analysts, 13 respondents Question Mean How many hours have If working conditions stay the same, what is the likelihood you'll still be working at GS in 1month? (1-10,with 10 being most likely)8. 1 If working conditions stay the same, what is the likelihood you'll still... |
4 Effect on Physical and Mental Health Source: Survey of first-year analysts, 13 respondents Question Mean How many hours have Rate your mental health before and after starting this job (1-10, with 10 being healthiest) Rate your physical health before and after starting this job (1-10, with 10 being healthiest) 8. 8 2.... |
5 Analyst Treatment (1 / 3) Source: Survey of first-year analysts, 13 respondents Question Percent How many hours have Have your work hours negatively impacted relationships with family and/or friends? Doyou feel like you've been a victim of workplace abuse? Have you sought or considered seeking counseling, therapy or ... |
6 Analyst Treatment (2 / 3) Source: Survey of first-year analysts, 13 respondents Question Percent How many hours have Have you frequently experienced: Unrealistic Deadlines Have you frequently experienced: Shunned / Ignored in Meetings Have you frequently experienced: Unwarranted, Invalid or Public Criticism Yes 100%... |
7 Analyst Treatment (3 / 3) Source: Survey of first-year analysts, 13 respondents Question Percent How many hours have Have you frequently experienced: Blaming without Justification Have you frequently experienced: Shouting or Swearing Have you frequently experienced: Excessive Monitoring or Micromanagement Yes 42%No... |
8 Analyst Satisfaction Source: Survey of first-year analysts, 13 respondents Question Median How many hours have How satisfied are you with this firm? (1-10, with 10 being very satisfied )2. 0 How satisfied are you with your work life? (1-10, with 10 being very satisfied )2. 0 How satisfied are you with your personal l... |
9 Possible Impact to GS Source: Survey of first-year analysts, 13 respondents Question Mean How many hours have If you were to move on to another finance-related role, how likely would you recommend your team work with Goldman Sachs? (1-10, with 10 being most likely)5. 4 How likely are you to actively recommend against... |
10 Select Analyst Quotes “Being unemployed is less frightening to me than what my body might succumb to if I keep up this lifestyle”“I can't sleep anymore because my anxiety levels are through the roof ”“The sleep deprivation, the treatment by senior bankers, the mental and physical stress... I've been through foster c... |
11 Rectifying the Situation 80 hours per week should be considered max capacity —In order to do our best work and deliver for the firm's clients we need to be rested and free from juggling an insurmountable amount of conflicting work streams CS work should be appropriately de -prioritized versus live deal work —Alt... |
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