Goldman Sachs Working Conditions Survey • Hacker News Board

Re: Goldman Sachs Working Conditions Survey

#11

Post by DelightOne » Fri, Mar 19, 2021, 2:08 PM UTC

axlee wrote: post #5

I wonder what they actually "do" for 95 hours a week. There is no way it can be productive work for all that time over such long periods.

If most is productive work then I imagine its a hell of an education. May give you burnout tough, best only for a short time.

Re: Goldman Sachs Working Conditions Survey

#12

Post by 3saryHg6LP2e » Fri, Mar 19, 2021, 2:09 PM UTC

Imagine taking a job at Goldman Sachs and thinking it would be a nice, chill place to work.

Re: Goldman Sachs Working Conditions Survey

#13

Post by jnwatson » Fri, Mar 19, 2021, 2:09 PM UTC

GEBBL wrote: post #3

Is anyone here experiencing this? It must be really tough.

If you're working 105 hours, you don't have time for HN.

Re: Goldman Sachs Working Conditions Survey

#14

Post by jplr8922 » Fri, Mar 19, 2021, 2:10 PM UTC

Working in the financial industry, I have a few questions in mind 1) how much of this is actually caused by the candidates themselves? If a bunch of competitive people want to impress their boss to get a job offer, how much will they work as a group? 2) how much of it is caused by their inneficient IT systems? Why invest in IT if each you have a bunch of interns willing to kill themselves to do everything by hand in excel? 3) how much is caused by their boss? A lot of people have a mentality of ''I did it to get my job, so you must suffer too''

Re: Goldman Sachs Working Conditions Survey

#15

Post by RankingMember » Fri, Mar 19, 2021, 2:10 PM UTC

tgv wrote: post #10

I don't think these are the people that deserve our sympathy. What did they think? That they would get rich by defrauding the world only 40 hours a week? > mentally I’m in a really dark place Indeed. First find some morals, then try again.

The problem is that there will always be someone to do this work simply because the pay is what it is. The only solution I see here is regulation.

Re: Goldman Sachs Working Conditions Survey

#16

Post by JulianMorrison » Fri, Mar 19, 2021, 2:10 PM UTC

mmhsieh wrote: post #7

in any cycle of abuse, bad treatment is a feature and not a bug.

"Oh they're a bunch of predatory people anyway."

How you create predatory people: pressure, unfairness, stigma on soft feelings, and a hierarchy you can fight your way up.

Re: Goldman Sachs Working Conditions Survey

#17

Post by valuearb » Fri, Mar 19, 2021, 2:10 PM UTC

tgv wrote: post #10

I don't think these are the people that deserve our sympathy. What did they think? That they would get rich by defrauding the world only 40 hours a week? > mentally I’m in a really dark place Indeed. First find some morals, then try again.

What do they do that’s immoral?

Re: Goldman Sachs Working Conditions Survey

#18

Post by minikites » Fri, Mar 19, 2021, 2:10 PM UTC

I'm not sure what the best enforcement mechanism would be, but this should be addressed through national legislation. Perhaps mandatory overtime and/or some kind of business-level tax for anyone working more than 40 hours a week? Nobody should be "exempt" from earning overtime.

Re: Goldman Sachs Working Conditions Survey

#19

Post by fairity » Fri, Mar 19, 2021, 2:11 PM UTC

tgv wrote: post #10

I don't think these are the people that deserve our sympathy. What did they think? That they would get rich by defrauding the world only 40 hours a week? > mentally I’m in a really dark place Indeed. First find some morals, then try again.

> What did they think? That they would get rich by defrauding the world only 40 hours a week?

To be fair, there's generally a lot less competition when you're doing something illegal, so it should be easier to get rich via fraud not harder.

Re: Goldman Sachs Working Conditions Survey

#20

Post by lquist » Fri, Mar 19, 2021, 2:11 PM UTC

zelon88 wrote: post #2

> Rectifying The Situation: 80 hours per week should be considered max capacity That's not tone deaf or anything.

That's a suggestion by the analysts. As someone who has worked 100 hour weeks in finance, there is a world of difference between 80 and 100. 80 allows you to care for your health in a way that 100 doesn't and is in that way just barely sustainable.