According to Bloomberg News, Goldman Sachs (GS) is encouraging its junior bankers to take weekends off during the grueling early years that typically launch Wall Street careers. The company is doing this, in part, to make itself more attractive to the most talented graduates spilling out of top colleges—a group of people likely to have several job offers to choose among. According to Bloomberg News:
Wall Street firms are working to guard the best recruits from poaching by rivals such as private-equity funds. Goldman Sachs decided last year to stop offering two-year contracts to investment-banking analysts, instead making them full-time employees from the start. It plans to give analysts more-predictable working hours and provide more opportunities to get feedback from managers. read more about Goldman Sachs.
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