JPMorgan and BofA Implement 80-Hour Workweek Caps for Junior Bankers

New policies aim to address overwork and burnout, but skepticism remains about their effectiveness and enforcement.

JPMorgan and Bank of America have introduced measures to cap junior bankers' work hours at 80 per week, following concerns over grueling work culture.
The changes come after the death of Leo Lukenas, a BofA associate who reportedly worked over 100 hours a week.
Bank of America has launched a new tool to track work hours more closely and flag HR when limits are exceeded.
Critics argue that the nature of investment banking work and existing exceptions for 'live deals' may undermine the effectiveness of these new policies.
Both banks emphasize the importance of employee well-being, but insiders remain doubtful about the long-term impact of these measures.