A pre-graudate intern working at the London branch of the Bank of America Merrill Lynch collapsed in his home after working overnight until 6 a.m. for three consecutive days. Nearing the end of his seven-week pre-graduate internship, Moritz Erhardt’s body was found by his roommates. “The circumstances of the 21-year-old’s death are unknown but Scotland Yard is not treating it as suspicious,” reads a report in The Independent.
One unnamed intern working in Erhardt’s program told The Independent that punishing hours are part of the job.
“We all work long hours but the guys working regularly until 3 or 4am are those in investment banking,” the unidentified intern said. “You’re only doing it for up to 10 weeks so there’s a general acceptance of putting up with it.”
I see many people wandering around, blurry-eyed and drinking caffeine to get through but people don’t complain because the potential rewards are so great. We’re competing for some very well paid jobs.“Another intern living at Claredalem [House student accommodation complex in Bethnal Green] claimed Mr. Erhardt, earning £2,700 a month or £45,000 pro rata, collapsed from exhaustion,” The Independent reported.
“He apparently pulled eight all-nighters in two weeks,” another intern said.” They get you working crazy hours and maybe it was just too much for him in the end.”
Bank of America Merrill Lynch expressed their condolences over Erhardt’s death and said that the company’s thoughts are with his family.
h/t The Independent
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