Goldman Sachs aims to improve young bankers' lives and retain them too

Goldman Sachs says faster promotions, third-year rotations and more automation of grunt work are among the latest changes it is making to improve life for its youngest investment bankers.

The bank's initiative follows the April suicide of 22-year-old Sarvshreshth Gupta, who worked on Goldman's investment banking team and a debate about gruelling demands put on the youngest workers at the biggest banks. A month before he died, Gupta tried to quit his job after being caught up in a flurry of technology deals that often led to working right through the night, a colleague said.

Bloomberg