Morgan Stanley Execs Are Pushing Junior Bankers To Get Back Into The Office

morgan stanley execs are pushing junior bankers to get back into the office

Sumary of Morgan Stanley Execs Are Pushing Junior Bankers To Get Back Into The Office:

  • At a time when junior bankers are being coddled more than ever on Wall Street, Morgan Stanley’s CEO James Gorman has a stern message for his young employees: get into the office.
  • Chris O’Dea, a Morgan Stanley managing director, said on a conference call to employees last week: “If you’re 21 to 35, you are nuts not to be in the office all the time.
  • “Executives at the bank are pushing for their younger employees to ditch Zoom in favor of suiting up like the old days and getting into the office, the NY Post reported this week.
  • While the bank hasn’t officially mandated a return to the office, most employees have chosen to return.
  • Banks like Goldman aren’t taking chances and have reinstituted mandatory office time.
  • ”It looks like the attitude on Wall Street could be shifting away from coddling junior bankers, which banks have been doing ever since rogue Goldman Sachs employees made and publicized a slide deck about how tough working conditions were at the bank.
  • Lutnick’s comments followed 13 junior bankers at Goldman complaining about their workload earlier this year in a slide deck that was released to the public.

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