Wall Street Bankers Combat Overwork with New Guidelines from JPMorgan and Bank of America
New Measures to Combat Overwork
In response to a growing overwork crisis, JPMorgan has introduced an 80-hour weekly cap, aimed at alleviating the pressures faced by young bankers. Bank of America is also revamping its timekeeping policies to better protect employee well-being.
Culture Shift in Investment Banking
Recent investigations have highlighted the work-obsessed culture prevalent in Wall Street firms, prompting a reassessment of practices at major players like Goldman Sachs and Morgan Stanley.
- Focus on employee health and productivity
- Increased scrutiny from regulators
- Long-term implications for investment banking ethics
As these institutions adjust their approaches, the industry's landscape may shift dramatically, aiming for a healthier work-life balance.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.