After sending out a memo yesterday informing junior employees that vacations are now mandatory and one weekend a month must be spent outside the office, management reiterated:

…that “compliance” with no Saturday work / remote access “will be validated against physical and computer usage logs.” Finally, all “pre-approved” Saturday exceptions must be sent by lead MD to group head, and will be aggregated / reported to CIB mgmt on a regular basis.

Earlier: Citigroup Jumps On The “Protected Weekend” Bandwagon

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Comments (9)

  1. Posted by Energy MLP Analyst | January 30, 2014 at 1:04 PM

    It's all fun and games, until you get a follow-on equity offering on Friday afternoon…

  2. Posted by Fungae | January 30, 2014 at 1:20 PM

    Fun and games, indeed.

  3. Posted by guest | January 30, 2014 at 1:20 PM

    Protected Weekend Day
    All CIB Analysts and Associates should be out of the office from Friday at 10:00 PM until Sunday at 10:00 AM. Further, we do not expect them to log on remotely to work during this time. However, we would expect that they will continue to check their email in the event that any business critical issues arise.

    Of course we expect you to put in extra time during the remaining days of the week to make up for the time out of the office from Friday at 10:00pm until Sunday at 10:00.

  4. Posted by 4 More Hours M-F | January 30, 2014 at 1:37 PM

    [youtube uPsbDUZvfFo http://www.youtube.com/watch?v=uPsbDUZvfFo youtube]

  5. Posted by Guest | January 30, 2014 at 2:06 PM

    The good news is that junior bankers now get 24 extra holiday days.

    The bad news is it's off the back of a 365 day work year as opposed to a 261 one.

  6. Posted by Marv | January 30, 2014 at 2:26 PM

    Should be all fun & games – We haven’t picked Citi to be a jr jr jr co mnger on a follow-on we’ve lead (every) since 94.

    -G to the S

  7. Posted by B456 | January 30, 2014 at 3:41 PM

    It's gonna be a shit show when Dec 10th rolls around and no one has taken their vacation yet for the year.

  8. Posted by LatAm Guy | January 31, 2014 at 12:16 PM

    What's a Follow-on?

    UBS 3rd year associate

  9. Posted by Beardman | January 31, 2014 at 12:19 PM

    And therefore we're cutting your bonus 20% on behalf of the new 24 free days you got to enjoy this year

    Citi MD to Analyst