In some settings a shorter workweek –“work four days, get paid for five” – draws kudos. Not on Wall Street, where Goldman Sachs and others cherish a tradition of long workdays and only Sundays off.
Mary Callahan Erdoes, the CEO of JP Morgan Chase's Asset and Wealth Management division, sees a workweek of six 12-hour days as an aid to speed-learning. New wealth managers, she estimates, can master their trade almost twice as fast as they could with a forty-hour workweek.Erdoes probably doesn’t mean to be hard on young Wall Streeters; according to this interview, she herself used to work Sundays as well.
What do you think? Is she overestimating the ability of young analysts to soak up knowledge at 7 p.m. on Saturday night?
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