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Barclays Offering Internships for People Who Take a Break from Work

Barclays said on Wednesday it was launching an internship program in New York targeting people who had taken a career break from the finance industry, the latest move by a big bank to emphasize its focus on work-life balance.

In a profession known for its rigorous schedules, banks competing fiercely for talent around the world are trying to lighten workloads and lower stress levels, especially among junior bankers.

Barclays' 10-week program requires a minimum one-year career break for "personal responsibilities."

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UBS told investment bankers this month to take at least two hours of "personal time," aiming to give them more flexible hours.

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In November, Goldman Sachs made changes designed to retain junior bankers, including promoting them more quickly and encouraging mobility.

Reuters reported in February that Credit Suisse was establishing a fast-track program for top-performing juniors.