Originally posted by mattster
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Goldman Sachs - "In humane" working conditions?
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Originally posted by mattster View Post
But it's not about what you earn during those first years, it's about what you could potentially earn once you've made a career for yourself in investment banking. See also; interning at law or media firms, junior doctors, pupillage at a barristers' chambers etc etc.Comment
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Originally posted by ladymuck View Post
And I guess if the working hours and generally toxic environment leave you so broken that you jump out of a window or die of a seizure in the shower, that's just evolution at work weeding out the crap?Comment
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Originally posted by ladymuck View Post
And I guess if the working hours and generally toxic environment leave you so broken that you jump out of a window or die of a seizure in the shower, that's just evolution at work weeding out the crap?'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by ladymuck View PostI think your second sentence explains exactly how they get away with it.
With the amount of hours some work, that £50k works out less than minimum wage. They have to sign away the right to a max 40 hour working week to get the job. It's one thing to prove yourself worthy of having a good job, it's another to be pushed so hard that you'd literally be earning more per hour stacking shelves in Tesco.
Investment banks are toxic environments and I think it's right that people get to see that it's not all coke, hookers and champagne. There's a lot of people down the lower rungs of the ladder slogging their guts out for a psychopathic boss just for the "honour" of working for that firm. Not everyone has a working week like Tarbs.
Oh and it's waiving rights to 48 hours, not 40. That's without the chance of progression - better chances at IBs than Tesco shopfloors.
If you want the big bucks, you've got to earn them - VPs often do 60-70 hours weeks to get their directorship so it doesn't stop with the grads. I've left the building at 8 a couple of times (MyCo's marketing spend near renewal time!) to head to the bar over the road and there are still loads of food deliveries happening.
People there are accepting a materialistic life - if they ever have an epiphany and realise that there's more to life than killing yourself for someone else's new Lambo, they can plan a route out.The greatest trick the devil ever pulled was convincing the world that he didn't existComment
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Originally posted by LondonManc View PostPeople there are accepting a materialistic life
So it seems that IBs are set up so only complete gits succeed at the expense of all others. And we want these people to have such an influence on the economy...?Down with racism. Long live miscegenation!Comment
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Originally posted by NotAllThere View PostNot really. They're earning loads but have no time to spend it.
So it seems that IBs are set up so only complete gits succeed at the expense of all others. And we want these people to have such an influence on the economy...?"You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by NotAllThere View PostNot really. They're earning loads but have no time to spend it.
So it seems that IBs are set up so only complete gits succeed at the expense of all others. And we want these people to have such an influence on the economy...?The greatest trick the devil ever pulled was convincing the world that he didn't existComment
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It is 100 hours working for £50k and more importantly annual top 1% earning potential.
Now it is good that we are investigating abuse but people who work in consultancies and IBs are probably in a better position to change to a less abusive employer (saw it in Arthurs and others). I worked similar hours over short periods in my twenties and thirties for many companies.
Now these guys are getting royally screwed:
https://www.theguardian.com/society/...-supreme-court
Since the original court ruling in 2017, many sleep-in care workers have been paid at an hourly rate rather than a flat rate, in effect doubling the cost of a shift to about £70. The supreme court ruling has led to speculation that some providers will revert to the £35 flat rate.
One sleep-in care support worker working with highly vulnerable disabled clients said he would lose about £160 a month if his employers reverted to the old rates. “We are really panicking. People have mortgages to pay and children to feed. The impact would be massive.”
I have been salaried since the early 90s with overtime not an option except when contracting.
Always forgive your enemies; nothing annoys them so much.Comment
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