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Why are Goldman 20-somethings on $110,000 a year complaining? Here’s what you need to know

A stinging Goldman survey kicked off a period of soul searching at banks, and a debate about whether such an elite group of workers are justified in complaining over long hours

Goldman CEO David Solomon promised to beef up junior ranks after a scathing survey. The bank later bolstered first-year analyst salaries.
Goldman CEO David Solomon promised to beef up junior ranks after a scathing survey. The bank later bolstered first-year analyst salaries. Photo: Simon Dawson/Getty Images

It all started with a group of 13 young analysts at Goldman Sachs, who made public an informal survey on their working conditions. It was an insight into the brutal lives of junior bankers that detailed 100-hour weeks, mounting demands from bosses, and surging workloads.

The survey kicked off a period of soul searching at banks, and a debate over whether such a privileged, elite group of workers are justified in complaining. Financial News has tracked the controversy from the beginning.

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