Goldman Sachs | Firm won't cut 95-hour week despite backlash - raises pay instead

This week, following complaints from junior workers of 95-hour working weeks, abuse from senior staff and no work-life balance, the finance giant Goldman Sachs said it would increase its base pay for first-year bankers to £80,000, with Second-year bankers seeing a rise to £89,000.

Earlier in the year, junior workers at Goldman Sachs spoke out about the extreme burnout being caused by “inhumane” working conditions and long working weeks, as reported by the Financial Times.

In a leaked 11-page presentation created by 13 Goldman Sachs workers back in March, research showed that the average amount of hours worked in a single week totalled 105, whilst the average amount of hours slept per night was just five.

“There was a point where I was not eating, showering or doing anything else other than working from morning until after midnight,” commented one of the anonymous creators of the document.