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