Young Wall Street Should Enjoy ‘Toilet Naps’ While It Still Can

With banks’ new labor-friendly rules, they may soon be gone.

Big investment banks are rethinking their internship programs and relaxing rules for junior employees as the season for lining up summer candidates kicks into high gear…Summer interns at Barclays PLC in Hong Kong in 2011 say they had to get creative to find time for sleep. Exhausted from hours of nonstop work, the interns would sneak into a bathroom stall, plug headphones into their smartphones and set the alarm, in hopes of stealing a few precious minutes of shut-eye, according to several former interns who worked for the bank in the summer of 2011. Some dubbed it the “toilet nap.” A Barclays spokeswoman, while declining to discuss the specific incident, said: “We are constantly evaluating our analyst program to ensure that it is a challenging and rewarding yet balanced experience.”

Banks Reassess Internship Programs, Relax Rules for Junior Employees [WSJ via BI]

Related: Goldman Sachs Spells Out New “Saturday Rule” For Junior Employees; Christmas Come Early For JP Morgan Junior Employees; BofA Recommends Junior Employees Stop Doing That Thing It Never Condoned In The First Place; Credit Suisse Tells Junior Employees To Go Ahead, Enjoy A Saturday On Us

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9 Responses to “Young Wall Street Should Enjoy ‘Toilet Naps’ While It Still Can”

  1. Details Seeker says:

    Not really clear from the excerpt if this was a one intern per stall situation of if this was a team sport.

  2. guear says:

    so do they sleep standing or sitting?

  3. guest says:

    Probably really challenging to nap in a squat position over those Asian hole in the floor style toilets

  4. Guest says:

    Ahh, we used to use the stalls for coke lines off the toilet seat. Now they're used for napping; how times have changed.

    -Nostalgic UBS MD

  5. WSJevons says:

    It's bad when an investment bank adopts labor practices from Foxconn.

  6. hopy says:

    Sleep is very important, I think, investors should work reasonably distributed to its employees more, so that they can be creative and make the best of his ability can