Under the bank’s new “flexible vacation” plans, there will be no limit on paid leave.

Junior bankers employed at the firm, however, will still only be entitled to a fixed amount of holiday, BBC News reports.

In a memo sent to staff globally, Goldman Sachs revealed workers would be required to spend at least three weeks on leave annually from next year, with at least one week of consecutive days off.

The bank wrote: “As a firm, we are committed to providing our people with differentiated benefits and offerings to support wellbeing and resilience.

“As we continue to take care of our people at every stage of their careers and focus on the experience of our partners and managing directors, we are pleased to announce enhancements and changes to our global vacation programme designed to further support time off to rest and recharge.”