21-year-old Moritz Erhardt died after working three straight days as an intern at Bank of America’s London office. Authorities are still unsure what caused his death, but friends say he had worked several long hour days in the past. Others in the banking industry say working as an intern for the banking companies usually means grueling hours and some called it the worst months of their lives.
(Image source: Seelio / Moritz Erhardt ) BY MATT MORENO A Bank of America intern has died after reportedly working three days straight at the company’s London office. Twenty-one-year-old Moritz Erhardt, an exchange student from Germany studying at the University of Michigan, was found dead in his shower after working 72 straight hours at Bank of America London. (Via Metro ) Erhardt had reportedly put in several long hour days while with the company. Interns at the bank make an estimated 2,700 pounds a month, equal to more than $4,000 U.S. dollars. (Via The Week ) Representatives from Bank of America London confirmed the death and police aren’t treating it as suspicious, though they still aren’t completely sure how Erhardt died. Long, strenuous hours are not uncommon in the banking industry. One former banker 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. The Evening Standard quotes another intern in the banking industry... “Every intern’s worst nightmare is what’s called the ‘Magic Roundabout’ – which is when you get a taxi to drive you home at 7am and then it waits for you while you shower and change and then takes you back to the office.” Erhardt’s online work profile stated he’d also previously worked at KPMG Consulting, Morgan Stanley, and Deutsche Bank. He graduated as the valedictorian of his high school class. (Via Seelio / Moritz Erhardt )