Last week, the financial world was abuzz with some interesting news: Goldman Sachs was easing up on its junior analysts. Specifically, the firm announced that it wanted its young bankers to take weekends off. As David Solomon, co-head of the investment banking division, was quoted saying, “This is a marathon, not a sprint.”
It’s probably a smart move. Goldman no doubt knows that burn-out isn’t profitable, and a lot of weekend work is unnecessary. When weekend work gets built into a culture, it’s generally because someone isn’t managing workloads properly.
