Bank of America intern dies after working 3 days straight (London brahs)

[LethalGunz34]

http://finance.yahoo.com/news/bofa-i...124928230.html


A 21-year-old intern who worked grueling hours at Bank of America (BAC)'s London office died just a week before his internship was to conclude.

Moritz Erhardt, a University of Michigan student from Germany, reportedly had worked until 6 a.m. for three days straight and was found dead in his flat. Erhardt, who suffered from epilepsy, collapsed in his shower, according to reports.

"We are deeply shocked and saddened by the news of Moritz Erhardt's death," BofA said in a statement. "He was popular amongst his peers and was a highly diligent intern at our company with a promising future. Our first thoughts are with his family and we send our condolences to them at this difficult time

John McIvor, the bank's head of international communications, told CNBC.com that he could not confirm the circumstances surrounding Erhardt's death, though he did provide some insight into the life of an intern.

(Read more from CNBC: Obamacare is coming, and so are the con artists)

"The whole point about internships is to give students a positive experience and to get to know our firm and us to know them well, so we can work out who would be the best fit to join the company full-time after they graduate," he said.

"I'm not going to comment on what hours people choose to spend in the office voluntarily," he added. "But if you think about it logically, what we're trying to do is something that happens across all the big firms. We're looking to get to know them better."

The Independent reported that it spoke to others familiar with the matter who confirmed how grueling life can be for interns:


One former investment banker confirmed that interns could regularly work 14 hour days.


The banker, who wished to remain anonymous, told The Independent: "Interns can regularly clock up to 100 or even 110 hours a week, but people are fully aware that banking is hard work and the company constantly reminds you to manage upwards in order to not overheat. This is the first time I've heard of something like this happening and banking is a very close culture."

-By CNBC's Jeff Cox. Follow him @JeffCoxCNBCcom on Twitter.

[Owen220]

bankers of peace

[BENNAYBOY]

lulz @ working 100 hours a week as an intern

[Distreser]

Bank of America are nothing but snakes SRS

[hardestout89]

slave of peace

[BlueMoon92]

highly doubt he had a work load requiring him to stay that late 3 nights in a row. the only interns who stick around that long are the ones trying to kiss ass and get face time, wouldn't be surprised if he was just twiddling his thumbs half the time.

[SighGR]

lulz @ working 100 hours a week as an intern

"Banking interns at BAML are paid around £45,000 pro rata, or £2,700 a month."

[rspb]

The hours some of these people work is ridiculous. My brother is in corporate law and regularly stays past midnight, then gets just a few hours sleep before having to go back to work. He actually seems to enjoy it for the time being (personally, I'd hate it, but each to their own), but he's said that he'll transfer to a more sedate work environment after a few years, because it's simply too much to sustain over the long term. And corporate law isn't even as bad as investment banking.

[magog704]

i had a roommate who worked at ernst and young and he was 100% *******. walkin in the house @ 2 am after workin all day lookin like 28 days later n shiit.

[kappakai]

highly doubt he had a work load requiring him to stay that late 3 nights in a row. the only interns who stick around that long are the ones trying to kiss ass and get face time, wouldn't be surprised if he was just twiddling his thumbs half the time.

i worked at a bank previously. seniors usually demand face time, even if they got nothing to do, cause they want them to be on call. it's like japanese companies, the juniors don't leave until the seniors do. and work comes in spurts. i doubt the intern was working on a live deal, but he may have needed to support people that were, and it's supporting everyone from the MDs down to analysts, each of whom work different times. still... three days in a row, some responsibility is going to lie with his superiors or the intern staffer. FFS you can't be working your interns three days in a row without rest.

i've had friends who worked at citi who had a toothbrush, change of clothes, and a blanket in his cube. on the weekends, he'd go out after work, drank and drugged, and dragged himself to work on sunday cause his boss needed him there, and worked through monday. banking in NYC, london and HK is absolutely brutal, especially at large banks (b of a included i guess).

[pollywogpriest]

holy ****. strong success & career-obsessed times we live in.

[E_P_C]

BOA is the scum of the earth

still it was his choice to work those hours

[aStRoRdInArY]

lol at anyone dedicating their life to just making money or to a career focused around making money

[psai]

heard about it a few days ago, and i still REALLY want to get into investment banking srs. am i crazy?

[URAChode200]

My good buddy worked at Grant Thornton in tax...said it would be a one year deal, it has been 5. He tried three times to off himself now and has gained 37 lbs. Guy is a wreck, probably not long for this world. His dream was once to open a Pokemon card and Beanie Baby shop. After years of "saving" and buying the stuff he lit a bunch of it on fire last year and tore his prized Princess Diana bear's head off.

[pollywogpriest]

My good buddy worked at Grant Thornton in tax...said it would be a one year deal, it has been 5. He tried three times to off himself now and has gained 37 lbs. Guy is a wreck, probably not long for this world. His dream was once to open a Pokemon card and Beanie Baby shop. After years of "saving" and buying the stuff he lit a bunch of it on fire last year and tore his prized Princess Diana bear's head off.

^ surely that is srs? wtf

[magog704]

why do ppl hate bofa?

they are shiit relationship bankers bc i think they are trying to price themselves out of it
they settled with the feds on all their sketchy foreclosure practices and paid a billion dollars or something

if you got a mortgage with them, you can prob refi for free

not defending them, just legit curious.

[Ari0n]

My good buddy worked at Grant Thornton in tax...said it would be a one year deal, it has been 5. He tried three times to off himself now and has gained 37 lbs. Guy is a wreck, probably not long for this world. His dream was once to open a Pokemon card and Beanie Baby shop. After years of "saving" and buying the stuff he lit a bunch of it on fire last year and tore his prized Princess Diana bear's head off.

Uh... "aware"?

Please tell me this is a copy pasta and not real tea...

[FreshRollyG]

Get Rich or Die Tryin' II (ETA 2016)

[Lpenny]

Even in London, you aren't safe from the death trap that is 'merica!

[nettripper]

He probably found out about how we all can post pics no matter post count on here..........nomsayin

[notbadnotbrad]

I don't understand how much work could possibly need to be done in order to work these amount of hours srs ?

[ShouldBeStudyin]

This is what success requires these days. Sorry the kid's body couldn't handle it.

[BrocepCurls]

Investment banking, not even once

[PointBreak85]

He probably found out about how we all can post pics no matter post count on here..........nomsayin

how do you do that um curious pm me forvreps

[BrbGym]

This is what success requires these days. Sorry the kid's body couldn't handle it.

absolutely wrong... LOL at working 100 hrs a week. Will never do that chit unless I find something I literally LOVE doing. If I did something for 100 hrs a week I'd probably hate it anyways.

[hardestout89]

I cant even misc for 3 days straight, let alone work

[TheMadHatter999]

thats one down

[NickDaQuik]

This is what success requires these days. Sorry the kid's body couldn't handle it.

Phuck that, this is slavery

[SaviorSix]

was he fond of ski trips? nomsayin