Essay about Work Life Balance
An intern who died after allegedly working for 72 hours straight at a leading Citybank had admitted that he felt “pressurised” to succeed.
Moritz Erhardt, 21, was found dead as he neared the end of a gruelling seven-week placement with the Bank of America Merrill Lynch's (BAML) investment bank division.
He collapsed in the shower in his student flat in East London amid claims that he had worked throughout the night eight times in two weeks in a bid to impress company bosses, returning home at 6am on three consecutive days. It has been claimed he suffered an epileptic fit.
In an online …show more content…
John McIvor, head of international communications, said: “There is an order of process here. We are making sure our interns are fine and we will then have to consider what the lessons are from this. If there are things to be learnt we will see what we can do.”
The bank 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.”
Mr Erhardt, who is understood to have been paid around £6,000 for the internship, was discovered last Thursday by a flatmate at Claredale House in Bethnal Green. Paramedics tried to resuscitate him but he was declared dead at the scene.
His parents were understood to be travelling to London from their home in Freiburg, near the Swiss border.
Mr Erhardt studied business administration as an exchange student at the prestigious University of Michigan’s Stephen M. Ross School of Business before attending WHU Otto Beisheim School of Management in Vallendar, Germany, from which he was due to graduate next year.
He had already completed placements at KPMG Consulting, Morgan Stanley, and in Deutsche Bank’s corporate finance division and wanted to work