• 28 Feb 2014 at 2:15 PM

Barclays Cares About Its Junior Bankers Too Ya Know

Like Goldman Sachs, JP Morgan, Bank of America, Credit Suisse, Bank of Montreal, and Citigroup before it, Barclays has decided that all work and no play make for grumpy junior mistmakers. Unlike the “protected weekend” adopted by JPMorgan and Citi, and the 36-hour weekend favored by Goldman Sachs and Credit Suisse, the Brits are taking a three-pronged approach to unshackling its little workers bees from their desks by: making sure they take their vacations, not letting anyone work more than 12 days straight without a break to catch their breath, and forbidding the assigning of projects after 12 on a Friday, unless it’s really important in which case, settle in.

“The demands of the job are high, but our best work is when we work intelligently as a team; not just because we work the hardest or the longest,” Barclays said in an internal memo announcing new guidelines for junior bankers.

The guidelines include:

–Mandatory block leave for two non-consecutive weeks over a year.

–Mandatory days off of at least 12 a quarter in addition to vacation and including weekends; no more than 12 consecutive days in the office.

–No new projects assigned after noon Friday; exceptions require group head approval.

Other guidelines included more mentoring and better allocation of staff time.

Barclays easing up workload on junior bankers [NetNet]

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; Bank Of Montreal Also Allowing Junior Bankers Some Semblance Of A Life; Citigroup Jumps On The “Protected Weekend” Bandwagon

17 comments (hidden to protect delicate sensibilities)
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Comments (17)

  1. Posted by Rebecca M. | February 28, 2014 at 2:24 PM

    we work the hardest or the longest (only when the boss walks through the office)

  2. Posted by guest | February 28, 2014 at 2:28 PM

    nobody works on weekends in the city. don't let it fool you.

  3. Posted by Meth Levine | February 28, 2014 at 2:29 PM

    In the case of today's junior bankers, people are willing participants in their own enslavement. I'm not sure what survival trait this represents; maybe deep inside these people realize that the truculent Marxists dictators will kill them for noncompliance as they have done to hundreds of millions of others. I choose freedom over all else! I AM A FREE BORN ANALYST; I WILL NOT BE ENSLAVED!

  4. Posted by Guest | February 28, 2014 at 3:48 PM

    So Morgan Stanley's the only bank without an analyst weekend policy now?

  5. Posted by Snoop slavey slave | February 28, 2014 at 3:53 PM

    12 years an analyst

  6. Posted by guest | February 28, 2014 at 4:05 PM

    and Jefferies

  7. Posted by guest | February 28, 2014 at 4:23 PM

    +1

  8. Posted by guest | February 28, 2014 at 4:23 PM

    I laughed.

  9. Posted by UFO | February 28, 2014 at 5:17 PM

    This is so cracked out, I love it.

    – guy who's not sure if "cracked out" is the term to use in relation to meth

  10. Posted by Guest | February 28, 2014 at 5:21 PM

    Hey we're still a bank…for now!

    -UBS Corporate Structure Quant

  11. Posted by IBANK4LIFE | February 28, 2014 at 7:16 PM

    and Capital One Securities

  12. Posted by MFIN Grad | February 28, 2014 at 7:17 PM

    It's Time

    -Subtle Awards Troll

  13. Posted by Guest | February 28, 2014 at 7:42 PM

    I believe the word you're looking for is Biebered out

  14. Posted by b. dee | March 2, 2014 at 8:48 PM

    that's not funny

    – Your mom

  15. Posted by Sophia | March 3, 2014 at 6:19 AM

    They're all too busy working too hard to bother answering the phone when I ring Barclays Customer Service. Could never see myself working in banking, work to live not the other way round!

  16. Posted by FatGuySkinnyTie | March 3, 2014 at 6:31 AM

    My two remaining brain cells are straining really hard to understand what you want from me

  17. Posted by FatGuySkinnyTie | March 3, 2014 at 8:02 AM

    did you.