An associate at a US investment bank is understood to have passed away after allegedly working 120-hour weeks on a deal in the Financial industry. This tragic incident sheds light on the intense pressure faced by junior bankers in the investment banking sector.
A 21-year-old intern who worked grueling hours at Bank of America's London office died just a week before his internship was to conclude. The sudden death of this young intern has raised questions about the demanding work culture prevalent in the finance industry.
The 21-year-old was found dead in his flat after working for three nights in a row. For the first time, Moritz Erhardt's parents tell the heartbreaking story of their son's dedication to his work and the toll it took on his health.
21-year-old Moritz Erhardt collapsed and died in the shower of seizures after a 72-hour shift. This tragic event highlights the extreme working conditions that some junior bankers face in investment banking.
He took over the Chicago bank in 1987 after rejecting an offer to do so a few years earlier. This anecdote serves as a reminder of the pressures and sacrifices that individuals in the finance industry may face in pursuit of success.
There was a time, soon after the death of Bank of America intern Moritz Erhardt in 2013, when investment banks made a concerted effort to address work-life balance issues. However, concerns still remain about the demanding work hours and high stress levels in the industry.
The deaths of young bankers have raised concern about jobs known for long hours and heavy workloads and how they affect the junior workers. The tragic loss of these individuals highlights the need for better support systems and mental health resources in the finance sector.
Serious concerns have been raised tonight about the punishing hours endured by interns at City investment banks following the death of a young intern. The industry is facing scrutiny over the work conditions that may contribute to the physical and mental health challenges faced by junior employees.
So how bad is it really for interns and junior bankers at investment banks that are putting limits on work hours? The industry is grappling with the need to balance high performance expectations with the well-being of its employees, especially those at the early stages of their careers.
