Junior investment bankers at Goldman Sachs are suffering burnout from 100-hour work weeks and demanding bosses during a SPAC-fueled boom in deals, according to an internal survey done by a group of first-year analysts. The surge in activity has taken a serious toll on analysts’ mental and physical health since at least the start of the year.
“The sleep deprivation, the treatment by senior bankers, the mental and physical stress ... I’ve been through foster care and this is arguably worse,” one Goldman analyst said, according to the February survey of 13 employees.