Bankers don't fuk around.
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08-20-2013, 04:08 PM #121
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08-20-2013, 04:08 PM #122
- Join Date: Feb 2013
- Location: Charlotte, North Carolina, United States
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Right because you've actually had an internship before, let alone one at Bank of America. My brother had one at Goldman Sachs and is very successful. He worked on average 80 hours a week during his internship because he didn't "volunteer to kiss ass" or any of that nonsense. Sick of your 18 year old high school drop out delusional ******* posts.
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08-20-2013, 04:22 PM #123
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08-20-2013, 04:26 PM #124
A friend of mine knew him really well (went to the same school as him). He was the most ambitious person he knew and was inspirational, rational and also interested in politics and philosophy. Definitely no 'modern work slave'. He was intriniscally motivated to make a difference in the world. All he did was to try and make the very best out of every situation he encountered. He wanted to excel in every aspect of life. Sports, academics, career. And he took it too far. BAML interns work up to 130 hours per week. It is seriously sad and sickening to read about such a promising personality being used and wasted by big corporations. On the other hand it was his decision and nobody really forced him to work that hard.
At the end of the day it was his ambition that got him killed. He tried too hard and failed.
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08-20-2013, 04:26 PM #125
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08-20-2013, 04:31 PM #126
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08-20-2013, 04:32 PM #127
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08-20-2013, 04:36 PM #128
- Join Date: Apr 2012
- Location: Chicago, Illinois, United States
- Posts: 796
- Rep Power: 3226
I feel bad for the guy and all, but his death is not even close to Bank of America's fault. Did anyone even read the article? He CHOSE to work those hours and "Erhardt, who suffered from epilepsy, collapsed in his shower, according to reports." Most likely had a siezure in his shower and that is the cause of death. No ones fault, just chitty luck.
brb he knew he had epilipsy and chose to work long hours and deprive himself of sleep
inb4 neggedI rep my fellow military brahs
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08-20-2013, 04:38 PM #129
Yea yea sure your brother works at Goldman Sachs. Just like the other guy on page 4 knows a guy making $500K. Just like the guy on page 3 knows a guy who went to Dartmouth and is balling out of control in his 20's. I'm tired of miscers making things up, everyone always knows that one guy LOL. Shut up.
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08-20-2013, 04:38 PM #130
brb making bank, but have no free time to spend it on.
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08-20-2013, 04:40 PM #131
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08-20-2013, 04:41 PM #132
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08-20-2013, 04:44 PM #133
- Join Date: May 2007
- Location: Los Angeles, California, United States
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08-20-2013, 04:44 PM #134
Lmao it definitely wasn't the guy's fault alone. The long, inhumane and inefficient hours in IB have been criticized for decades now, but little has changed.
None of this would have happened if it wouldn't have been expected of him to work straight for 72 hours. The more all-nighters you can pull, the tougher you are seen as, even though those all-nighters add little value.
The whole industry is poisonous to psychological and physical health. A very good friend of mine works as a HR analyst for well renowed companies in finance such as bulge bracket banks or the Big4. The stories she tells me... They are all dead inside. It is common for IB analysts to suffer burn-out-syndrome just after working for three or four years in investment bankng. The vast majority of them needs to use drugs simply to be able to deal with the workload. Even more suffer from depression and other psychological disorders.
Banking not even once.
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08-20-2013, 04:47 PM #135
- Join Date: Feb 2013
- Location: Charlotte, North Carolina, United States
- Posts: 4,781
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Actually serious though, it's usually 80 hours average, not 100+. What makes you think you would know anyways if you haven't even graduated from high school yet? Please stop with your delusional posts, it's embarrassing. It's possible these other people actually KNOW successful people from university, unlike you who just sits in your parent's basement bragging about how you're going to be rich soon with your master plan as a high school drop out. Inb4 you say anything about my short week span of posting on here; I've been bored lately.
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08-20-2013, 04:48 PM #136
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08-20-2013, 04:48 PM #137
His seelio profile with his long and genuine philosophy statement has already been deleted, but this article cites enough of it to get a hint of how he was as a person.
http://enewsdaily.net/moritz-erhardt...-tragic-death/
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08-20-2013, 04:50 PM #138
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08-20-2013, 04:51 PM #139
- Join Date: Apr 2012
- Location: Chicago, Illinois, United States
- Posts: 796
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My bad, I didn't realize that IB was his only option in life. You're right, he had no choice to go into IB just like he had no choice to work those hours.
not srs
*******
Also, if the hours of IB have been critized for DECADES and nothing has changed, then he knew exactly what he was getting into. He should know his limitations.I rep my fellow military brahs
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08-20-2013, 04:51 PM #140
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08-20-2013, 04:53 PM #141
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08-20-2013, 04:55 PM #142
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08-20-2013, 05:00 PM #143
Ibanking isn't a long term profession. Most bankers bust their asses for a decade, burn out and leave for less intensive work (reasonable hours but less potential to make crazy amounts of money). At this point they have a good amount of $$, along with the prestige and experience that comes from working in NYC/London/HK/what have you, which gives them a good amount of leverage and makes them a desirable hire.
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08-20-2013, 05:01 PM #144
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08-20-2013, 05:01 PM #145
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08-20-2013, 05:05 PM #146
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08-20-2013, 05:11 PM #147
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08-20-2013, 05:16 PM #148
R.I.P. Guy sounds very genuine, what a waste of talent, he could've achieved great things
what he did comes as no surprise when you realize the level of competition there is to get into a top investment bank. Ironically, the work they do is pretty simple and most miscers could do it, but very, very few of us could actually get a shot at working in one of these investment banks. you pretty much have to have a spotless record from high school onwards, a very high GPA from an ivy league uni, tons of extra curricular stuff, glowing references, examples of leadership, a top internship at an IB etc etc. I have a huge amount of respect for what it takes to break in, the sacrifices these people make and the hours they put in. no one can knock their hustle
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08-20-2013, 05:23 PM #149
Wrong on second, doctors have legal on call limitations that prevent them from working past certain hours all at once. Those stories you read where the surgery takes over 24 hours is because they have teams that rotated through the different phases of the surgery. Idiotic post.
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08-20-2013, 05:23 PM #150
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