Bonds, Stocks

Goldman Sachs Has A New Intern Rule: Go Home At Midnight

Quartz

If Wall Street interns are like overworked Cinderellas, Goldman Sachs is the fairy godmother this year, telling its investment banking interns to leave before the clock strikes midnight.

OK so maybe that analogy doesn’t work perfectly, but the bank’s benevolent bosses have told their summer underlings to take a break from work between midnight and 7am. A rule that may be obvious to those of us in normal people jobs, this apparently was not clear enough to the aspiring bankers entering the intense Wall Street working environment for the first time.

The new rule only applies to investment banking interns, not all 2,900 Goldman Sachs global summer interns, Goldman Sachs spokesman Michael DuVally confirmed to Quartz via email (Reuters initially reported the story).

He declined to say how many of those interns are analysts, how much they are paid, or how many hours they are expected to work. According to the job research site Glassdoor…

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About ETFalpha

Chief ETF Strategist & Co-Founder at EMerging Equity

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