Morgan Stanley requires jab for entry into NY office

Burnout — The financial-services industry has been hit by employee burnouts as the pandemic leaves them sometimes working longer hours.
Cecilie_Arcurs/Getty Images

Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:

Workers at America's top companies say their employers are still falling short of fully addressing burnout.
Morgan Stanley is letting interns come into the office for two weeks in July, but they'll need to be vaccinated.
Northwestern Mutual's wealth management business has big hiring plans.
Truist's new head of investment banking details his plans for winning market share from Wall Street's elite.

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America's top business leaders are trying to solve the country's burnout crisis. Workers say it's not enough.

A laptop sits on top of a stack of books and papers against a red background. — Crystal Cox/Insider

Even though Fortune 500 executives increased mental-health benefits during the pandemic, workers told Insider that in order to really stop burnout, companies need to address their workplace cultures.

Morgan Stanley is inviting interns to spend 2 weeks in the office in July as Wall Street contemplates a gradual return to in-person work

morgan stanlety big year james gorman 4x3 — Andrew Burton/Getty Images; Samantha Lee/Insider

After previously committing to starting its internships virtually this year, Morgan Stanley announced that interns can have a brief in-person office experience this summer. More on that here.

Morgan Stanley plans to block unvaccinated employees and guests from entering its New York offices

Meanwhile, Morgan Stanley will require a COVID-19 vaccine for entry at its NY offices, the Financial Times said. Here's what's been reported about the policy.

Investment banks are hiring lawyers, researchers, and accountants for IB jobs, underscoring Wall Street's struggle to staff up

200 West Street the Goldman Sachs building in New York — Brendan McDermid/Reuters

Faced with an ongoing labor shortage, banks are considering other kinds of professionals to fill vacant roles, including lawyers and research analysts. Get the details on their struggle to fill positions.

Northwestern Mutual quietly built a $220 billion wealth management business. Now it's eyeing its next big hiring push.

Courtesy of Northwestern Mutual

Aditi Gokhale, Northwestern Mutual's wealth management division head, explained how her team hit $220 billion in client assets and added 200,000 customers during the pandemic. Why Northwestern Mutual is no longer "the quiet company."

Truist's new investment-banking head says he's adopting a 'mindset of disruption' to take on Wall Street's elite

Michael Carter, Truist's new head of investment banking, details his plans for disrupting Wall Street's status quo. Here's what he said.

Wall Street's biggest hiring trends: here's where recruiting is heating up, and which firms are nabbing top talent

Insider has been tracking Wall Street hiring and talking with recruiters and insiders about the biggest trends. From junior investment-banking talent to senior dealmakers and traders, here are the spaces to watch.

JOIN OUR LIVE EVENT JUNE 24: Execs from Deutsche Bank, AllianceBernstein, and Accenture will break down how Wall Street is navigating the return to work

Insider Events 'Future of work on Wall Street' event promotion, including Katie Burke of AllianceBernstein, Melissa Fridman of Deutsche Bank, and Michael Cheek of Accenture. — AllianceBernstein; Deutsche Bank; Accenture; Insider

In our live webinar event on Thursday, June 24, at 1 p.m. ET/10 a.m. PST, three top financial-services execs will break down what the return to work looks like for Wall Street. Sign up here.