Bloomberg Law
May 9, 2023, 2:00 PM

Fewer Wall Street Firms Now Require Full-Time Office Attendance

Matthew Boyle
Matthew Boyle
Bloomberg News

Fewer banks are requiring employees to be in the office five days a week, despite some Wall Street chiefs’ clamor to scrap remote-work arrangements.

Just 20% of financial-services companies require full-time in-office work, according to a new survey of 251 industry firms by Scoop, which helps companies coordinate hybrid teams. That’s down from 22% who said so the previous quarter. The share of banks that allow fully flexible remote-work options also decreased, the survey found, with more businesses moving to hybrid-work arrangements.

The findings show that Wall Street workers still enjoy a good deal of flexibility, despite increasing rhetoric from banking and civic leaders against ...

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