Reply to Bank of America: former green beret dies after work 120-hour week, IB associates going on strike

Forum Index » Jobs and Careers

Reply to "Bank of America: former green beret dies after work 120-hour week, IB associates going on strike"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Why don’t they just pay these children half as much (which is still a LOT) and hire two workers to get the job done with sane hours? [/quote]

Why would an employer do that. Then they are paying for a second set of benefits/insurance, a second set of overhead/offices/tech, double the recruiting needs, and double the number of employee "hassles" they need to deal with. Maybe it's the same amount of $ in pure salary but there are expenses and time opportunities associated with it. Why do that when they're already getting the labor at the set price.

[/quote]
Even if they reduced the salary further to account for those costs, they could still pay well enough to recruit the elite undergrads. But only if the industry moved in unison, which would require government intervention of some kind.[/quote]

Doubtful. They are already competing with tech and grad school for the best. The only reason to go to these places is money. If they money every gets comparable to normal jobs, people will just take normal jobs [/quote]
The point is that cutting the hours would make it a normal job.[/quote]

Not good enough for the super strivers! [/quote]
Who cares. Two well-rested 23 year olds who only got 1400s on the SAT will still produce better work than a sleep-deprived Dartmouth grad working 80 hours. Especially since people in this thread have pointed out the work isn’t that difficult, it’s just high volume.

Or is the real issue that these firms want Ivy grads because it makes they’re more attractive to clients, not because they do better work?[/quote]

Yeah it’s all about status of employees. How can you not get that?  It’s always been about that — you usually have to have the right pedigree beyond even college, major doesn’t matter that much (I have friend who majored in Russian Lit then headed to Goldman, but his dad was a banker in CT). The poor fellow who died was probably a stretch for them to look patriotic (because being a green beret is crazy hard and impressive, and definitely will sway some clients) — but I’ll bet he was isolated and not included with the rest of his cohort of young UMC strivers, and in that isolation may have overworked without support and guidance on where to cut corners. Ready Bully Market for some insight. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics