Arab Press

بالشعب و للشعب
Thursday, Mar 26, 2026

Goldman Sachs analysts say they work 95-hour weeks and endure 'inhumane' treatment

Goldman Sachs analysts say they work 95-hour weeks and endure 'inhumane' treatment

A workplace survey from a group of junior analysts at Goldman Sachs is about to make you feel a lot better about your job.

About a dozen first-year analysts say they are working more than 95 hours a week on average, sleeping just five hours a night and enduring workplace abuse. The majority of them say their mental health has deteriorated significantly since they started working at the investment bank.

"There was a point where I was not eating, showering or doing anything else other than working from morning until after midnight," one analyst says in the report.

The survey comes from a self-selected group of 13 first-year analysts who presented their findings to management in February, a spokesperson for the bank said. The survey results from the analysts began circulating on social media this week and were earlier reported by Bloomberg News.

The bank says it's listening to its employees' concerns and working on solutions.

"We recognize that our people are very busy, because business is strong and volumes are at historic levels," the bank said in a statement. "A year into Covid, people are understandably quite stretched, and that's why we are listening to their concerns and taking multiple steps to address them."

Few people entering the cutthroat world of Wall Street banking would expect a tidy nine-to-five. But the analysts in the survey are essentially pleading with their employer to cap their weekly work hours at 80.

"This is beyond the level of 'hard-working,'" one said. "This is inhumane."

One hundred percent of respondents said their hours had hurt their relationships with friends and family. About three-fourths of the analysts said they feel they've been a victim of workplace abuse and have either sought or considered seeking help for mental health issues.

"My body physically hurts all the time and mentally I'm in a really dark place," one analyst wrote in the survey.

Virtually all of the analysts said they felt pressure from "unrealistic deadlines" and have been shunned or ignored in meetings. Their report also offered solutions to management to help rectify the situation.

"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 stream," the group said.

Although Wall Street banks, and Goldman in particular, are known for sky-high salaries and even loftier bonuses, that's not always the case for first-year analysts — the bottom of the food chain in the financial world.

A spokesperson for Goldman declined to comment on compensation. A report by Business Insider last year estimated first-year investment bank analysts at Goldman and other top firms can expect a base salary of about $91,000.

The complaints in the survey are at odds with the more easygoing image Wall Street banks have sought to put forward in recent years. Faced with increased competition for talent from the jeans-and-hoodie crowd of Silicon Valley, big banks have loosened their formal suit-and-tie dress codes and expanded family leave policies.

Goldman has also sought to protect junior bankers' weekend with a "Saturday rule" that mandates analysts be out of the office from 9 pm Friday to 9 am Sunday, except in rare circumstances. (That rule, according to the analysts in the survey, isn't always respected.)

Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Trump Set for Palm Beach Return Following Saudi-Backed Summit in Miami
Saudi Arabia Accelerates Yanbu Oil Exports Toward Five Million Barrel Target
Report Highlights Saudi-US Security Discussions as Trump Administration Evaluates Iran Strategy
Saudi Arabia’s Humain Commits Three Billion Dollars to Elon Musk’s xAI in Strategic Technology Push
Saudi Arabia Signals Firm Shift in Iran Policy, Declares Coexistence No Longer Viable
Saudi Clubs Prepare Major Push to Sign Mohamed Salah Amid Growing Transfer Speculation
Saudi Arabia Rejects Claims It Seeks to Prolong Regional Conflict
Saudi Arabia Condemns Iranian Actions and Signals Firm Shift Toward Stronger Response
Saudi Arabia Reassesses Strategic Approach as Regional Tensions with Iran Intensify
Pakistan Reaffirms Strong Support for Saudi Arabia Following High-Level Visit
Saudi Arabia Expands Regional Trade Links by Opening New Land and Sea Routes to UAE
World Economic Forum Delays Saudi Conference as Regional Conflict Disrupts Global Agenda
Saudi Arabia and UAE Signal Potential Entry into Iran Conflict if Critical Infrastructure Is Targeted
Global Firms Accelerate Expansion into Saudi Arabia as Economic Reforms Gain Momentum
Global Labour Pressure Mounts as ILO Faces Calls to Reject Saudi Bid to Dismiss Migrant Worker Complaint
Gulf Powers Move Closer to Entering Iran Conflict as Regional Pressure Intensifies
Saudi Arabia Breaks Ranks with Regional Allies Over Response to Iran Escalation
Saudi Arabia Moves Closer to Direct Role as Iran Conflict Intensifies
World Economic Forum Postpones Jeddah Meeting Amid Escalating Regional Tensions
Trump to Deliver Keynote Address at Saudi-Backed Investment Summit in Miami Beach
Saudi Arabia and Kuwait Press Ahead With Energy Agreements Despite Regional Conflict
Can Saudi Arabia’s Yanbu Port Replace Hormuz? Capacity Limits Test Critical Oil Lifeline
Saudi Arabia Detects Ballistic Missiles as Regional Tensions Escalate in Gulf
Saudi Aramco Reduces Oil Shipments to Asia for Second Consecutive Month
Saudi Aramco Reduces Oil Shipments to Asia for Second Consecutive Month
Saudi Arabia and UAE Push Ahead With Major Deals Despite Iran-Related Uncertainty
Formula One Cancels Bahrain and Saudi Arabia Grands Prix Amid Escalating Regional Tensions
Pakistan Signals Strategic Realignment Toward Saudi Arabia Amid Regional Tensions
Saudi Arabia Cuts Oil Shipments to Asia as Regional Conflict Disrupts Key Export Routes
Saudi Arabia Moves to Contain Regional Escalation as Houthis Signal Readiness to Join Conflict
Saudi Arabia Signals Independent Nuclear Strategy Unaffected by Iran Tensions
Saudi Arabia Signals Independent Nuclear Strategy Unaffected by Iran Tensions
Egypt Reaffirms Strong Support for Saudi Arabia as Sisi Condemns Iran’s Gulf Attacks
Saudi Stocks Close Higher as Tadawul Index Gains 0.55% on Broad Sector Strength
Iran Fires Ballistic Missiles Toward Riyadh as Gulf Conflict Intensifies
Barcelona Midfielder Marc Casadó Attracts €40 Million Interest from Saudi Clubs
Strait of Hormuz Tensions Rise as Saudi Arabia Opens Key Air Base to US Forces
Saudi Arabia Confronts Strategic Turning Point as Iran Conflict Redefines Regional Alliances
Saudi Arabia Intercepts Missile as Two Others Land in Remote Area Without Casualties
Saudi Expulsion of Iranian Military Attaché Raises Doubts Over Fragile Riyadh–Tehran Rapprochement
Saudi Arabia’s Strategic East–West Pipeline Gains Global Attention as Energy Routes Face Growing Risks
Iran Reportedly Reduces Strikes on Saudi Arabia Amid Concerns Over Strong Retaliation
Saudi Arabia Criticises Israeli Strikes in Southern Syria Amid Rising Regional Tensions
Egypt and Saudi Arabia Warn Iran’s Actions Threaten Stability Across the Gulf
Egypt and Saudi Arabia Warn Iran’s Actions Threaten Stability Across the Gulf
Saudi Arabia Unveils Comprehensive 2026 Roadmap to Streamline Company Formation
Saudi-UAE Tensions Reveal Emerging Rivalry at the Heart of Gulf Power Dynamics
Saudi Arabia Launches Gulf Maritime Support Initiative to Safeguard Shipping
Saudi Arabia Expands US Military Access as UAE Braces for Prolonged Iran Conflict
Saudi Arabia Expels Iranian Diplomats Amid Escalating Regional Tensions
×