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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Comments (9)

  1. Posted by Details Seeker | January 14, 2014 at 5:23 PM

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

  2. Posted by sick fuck guest | January 14, 2014 at 5:25 PM

    it can be whatever you want it to be.

  3. Posted by guear | January 14, 2014 at 5:25 PM

    so do they sleep standing or sitting?

  4. Posted by guest | January 14, 2014 at 5:26 PM

    +1

  5. Posted by guest | January 14, 2014 at 5:31 PM

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

  6. Posted by Steve | January 14, 2014 at 6:55 PM

    There's an app for that.

  7. Posted by Guest | January 15, 2014 at 3:02 PM

    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

  8. Posted by WSJevons | January 15, 2014 at 5:29 PM

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

  9. Posted by hopy | March 21, 2014 at 10:39 AM

    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

    http://www.hopy1.com