‘A boot-camp mentality’

According to William D. Cohan, the author of Money and Power, a best-selling book on the history of Goldman Sachs who also worked on Wall Street for 17 years, this nose-to-the-grindstone culture in these kinds of jobs has existed in some form for years.

For instance, according to Cohan, when major financial institutions went public, the amount of work required of employees “increased exponentially.

“The demand for their services skyrocketed, as did the employee requirement.