JPMorgan is reportedly tracking junior bankers’ hours with new

JPMorgan is reportedly tracking junior bankers’ hours with new

JPMorgan is reportedly utilizing pc tracking to watch junior bankers’ hours — evaluating their self-reported time sheets with inside data to catch underreporting amid ongoing considerations about Wall Streeters working themselves past the point of exhaustion.

The nation’s largest lender will give junior funding bankers computer-generated reviews measuring how lengthy they really work, the Financial Times reported.

The estimates draw on workers’ digital footprints — including video calls, keystrokes and scheduled conferences.

JPMorgan CEO Jamie Dimon is rolling out new tech to trace junior bankers’ hours amid scrutiny of Wall Street workloads. Houston Chronicle through Getty Images

“Much like the weekly screen time summaries on a smartphone, this tool is about awareness — not enforcement,” JPMorgan told FT in an announcement.

“It’s designed to support transparency, wellbeing, and encourage open conversations about workload.”

The Post has sought remark from JPMorgan.

In 2024, JPMorgan and Bank of America imposed limits on junior bankers’ hours after the dying of a 35-year-old BofA affiliate who reportedly labored 100-hour weeks on a $2 billion merger.

JPMorgan imposed a cap of 80 hours per week while Bank of America rolled out a new timekeeping tool that requires associates to specify how their hours had been spent.

JPMorgan Chase is utilizing inside data to trace junior bankers’ hours and evaluate them with self-reported time sheets. Corbis through Getty Images

Jonathan Alpert, a New York-based psychotherapist who works with Wall Street shoppers, said junior bankers already report “intense pressure” from lengthy hours, being continuously out there and worry of falling behind. He warned that added monitoring might reinforce a “never off the clock” mindset — and “accelerate burnout rather than prevent it.”

“The deeper issue is cultural,” Alpert told The Post on Friday. “On Wall Street, overwork is still often treated as a signal of commitment. Until that changes, tools like this risk treating the symptom, not the cause.”

Months earlier, Leo Lukenas III, 35, a former Green Beret and married father of two younger youngsters, died of a coronary heart assault in 2024 after logging workdays of at the very least 16 hours at BofA.

Social media outcry laid the blame at the ft of Lukenas’s supervisor, Gary Howe, BofA’s co-head of the monetary establishments group. Howe deleted his LinkedIn account shortly after Lukenas’s dying.

Lukenas was so worn down by his grueling schedule that he had been searching for a new job in the weeks main as much as his dying.

In 2013, BofA enacted an 80-hour cap on junior bankers’ work hours following the dying of a 21-year-old intern, Moritz Erhardt.

Leo Lukenas III, a Bank of America affiliate, died in 2024 from a heart-related condition after reported 100-hour work weeks. Linkedin / Leo Lukenas

Erhardt, who interned at the financial institution’s London places of work, died of what officers described as an epileptic seizure. Reports indicated that he’d labored until 6 a.m. three nights in a row before his dying.

Carter McIntosh, a 28-year-old Jefferies affiliate in Dallas, was discovered useless in his residence in January of last 12 months.

His dying was later dominated an unintentional overdose from fentanyl and cocaine. Colleagues and media reviews said he had been working near 100-hour weeks.

A subsequent investigation by the Wall Street Journal discovered that BofA managers had been flouting the company’s 80-hour workweek cap.

Wall Street’s grind tradition has lengthy demanded punishing hours from junior bankers, with analysts and associates routinely pulling all-nighters to satisfy shopper deadlines and chase multimillion-dollar offers.

The workload is often seen as a ceremony of passage in an trade the place stamina and round-the-clock availability are prized as a lot as technical skill.

The payoff may be monumental: entry-level bankers can earn as much as $200,000 in wage and bonuses, with far larger paydays down the line.

Moritz Erhardt, a Bank of America intern, died in 2013 after an epileptic seizure following days of intense work.

That profitable upside — alongside with exit alternatives in non-public fairness and hedge funds — continues to attract recruits despite rising scrutiny of the toll the job can take.

Carter McIntosh, a 28-year-old Jefferies banker, died of an unintentional overdose in 2025 as colleagues said he had been working near 100-hour weeks. Facebook / Carter McIntosh

The issue of brutal hours burst into public view in 2021 when a bunch of first-year Goldman Sachs analysts circulated a leaked slide deck detailing brutal circumstances including 100-hour work weeks, chronic sleep deprivation and deteriorating psychological health.

The presentation, which shortly went viral, described junior bankers as “abused” and pushed top executives to acknowledge the downside.

Goldman’s management responded by pledging to implement the 80-hour weekly cap and enhance working circumstances, however complaints about lengthy hours have continued across Wall Street.

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