The bank doubling graduate recruitment, eschewing 80-hour weeks, espousing remote work

efinancialcareers.com:

When students contemplate their ideal banking employer, it's not usually BNY. This is partly because BNY hasn't historically been a big hirer of graduates globally, but is also because BNY is a custody house rather than an investment bank. — It doesn't offer prestigious jobs inM&A and sales and trading; it does offer jobs relating to custody. 

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This year, one of those things has changed. BNY has become a big hirer of graduates. 

“We’ve just hired 1,700 analysts across the firm, which is twice our intake of last year,” says Sharyn Jones, BNY's global head of talent. «We’re being very intentional and building a strategic program that we know is differentiated from others.»

BNY's «differentiated» program has several things to recommend it. Students join on open-ended contracts and are trained for two years, involving initial orientation and rotations between business lines. There's free craft coffee. There's free tea. But more importantly, there's remote work and an absence of the kinds of hours associated with the most gruelling jobs in investment banks. 

“Most people are in the office three days a week," says Jones. "- Seniors may be in a little more. We are one of the few banks to still offer this. We believe that flexibility is important.”

Two days a week at home may be a boon, but the bigger boon is the promise of working days that don't sprawl into working nights. «We simply don’t have the working hours challenge that investment banks have,» says Jones. «You will work hard here, but you won’t be working until the early hours. We wouldn’t have people working 80-hour weeks.” 

BNY purports to be building a „high performing but human-centric,“ machine. Graduates who join