Gone are the days of working until 2AM on an assignment. Staying only until midnight will be the new and exciting way of doing things.

In its corporate and investment bank unit, both the summer programme for analysts and associates, and the full-time recruitment scheme that starts at the end of this month, will be around 40 per cent larger than in 2013, according to an internal memo seen by the FT. BofA’s corporate and investment bank unit normally hires “a few hundred” into the two schemes each year, a person familiar with the process said. “Our increased hiring reflects our desire to invest in our people in light of our growing activity levels and the need to provide more support to our junior bankers to have a better experience,” said Christian Meissner, head of global corporate and investment banking at BofA, in a memo…In January, Mr Meissner sent a separate memo to staff discouraging weekend working for junior employees at its corporate and investment bank. The memo recommended that analysts and associates – the first and second rungs of the corporate ladder – take at least four weekend days off per month.

BofA steps up hiring to ease strain on junior staff [FT via Lauren LaCapra]

Related: BofA Recommends Junior Employees Stop Doing That Thing It Never Condoned In The First Place

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Comments (7)

  1. Posted by WWI Afficionado | July 15, 2014 at 3:24 PM

    Have fun earning 40% less kids

  2. Posted by Guest | July 15, 2014 at 3:28 PM

    This gesture will build goodwill for them to share at their new firm when they quit in two years.

  3. Posted by guest | July 15, 2014 at 3:33 PM

    This smells very French..

  4. Posted by Gassy Gaston | July 15, 2014 at 3:52 PM

    I'm sorry, it must be all the fromage.

  5. Posted by 200X Banking Analyst | July 15, 2014 at 5:15 PM

    I'm still confused by this concept of "taking days off on weekends."

  6. Posted by Violet Crawley | July 15, 2014 at 7:51 PM

    What Is a week-end

  7. Posted by 200X Banking Analyst | July 16, 2014 at 10:56 AM

    It's the two work days between Friday and Monday.