Morgan Stanley CEO wants employees to return to office by Labor Day, but the bank has just told the juniors’ newest harvest that they can lead as early as this month

Morgan Stanley has just set a date for her younger employees to head to the office.

New US-based full-time associates in the investment banking and global capital markets divisions will be eligible to enter office from July 27. For new full-time analysts, the date is Aug. 3, two people familiar with the matter told Insider.

The dates apply to the new junior class that have just started, but have not yet worked out of Morgan Stanley offices. Longer-term employees have already chosen to return to the office, if they so choose.

New employees in these departments learned about dates in an interior

Zoom
call on Wednesday morning involving about 250 people, according to a person with direct knowledge of the call who spoke anonymously to discuss personal information freely.

The dates in the office were announced by Trevor Hambright, vice president of investment bank management, according to this person.

Morgan Stanley CEO James Gorman previously said he hoped to see employees back at the office no later than Labor Day.

Speaking at the US Financials, Payments & CRE conference in June, Gorman said he would be “very disappointed” if officials had not returned to office by the Labor Day holiday, which falls on September 6 this year.

Commenting in June, Gorman reiterated the value of the physical office in training younger employees, saying: “We do our job in Morgan Stanley offices and we teach there, our trainees learn there, so we develop people.”

A third person familiar with the company’s plans told Insider that Morgan Stanley’s return to work depends on local safety and health factors. Employees are not required to enter on a five-day-a-week basis, the source added.

Insider reported for the first time in June that Morgan Stanley had extended the opportunity for summer trainees in all business sectors – who have just begun their experiences – to enter its offices from July 19 to July 30, according to note sent by the head of the company campus. strategy evaluated by Insider.

Across Wall Street, other companies are also browsing back to work with varying degrees of success.

In July, current and former Goldman Sachs employees told Insider that the company’s return to office was met with some resistance from juniors, such as associates who said they would not return to cities such as New York or San Francisco until later. year.

Are you an employee of a financial services company touring your company back to work? Contact this reporter at [email protected] or through the encrypted Signal application at 561-247-5758.

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