Bank of American intern dies: A 21-year-old intern working at Bank of America in London dropped dead, reportedly after being “worked to death.” University of Michigan student Moritz Erhardt was found unconscious and thereafter pronounced dead, reports CNN on Aug. 20.
Erhardt was staying at Claredale House, a student residential facility in East London. On Aug. 15, after his overnight shift, he returned there and fell unconscious. While police investigating the intern’s death ruled out anything “suspicious,” Erhardt’s death does highlight the vicious work hours of the internship programs.
The young intern was found in his shower by a roommate after coming home at approximately 6 a.m. last week Thursday. Erhardt had worked nearly three consecutive 24-hour shifts.
Bank of America would not comment on their London internship program, choosing instead to send a message of condolence.
“[Erhard] was popular amongst his peers and was a highly diligent intern at our company with a promising future,” according to a Bank of America statement. “Our first thoughts are with his family and we send our condolences to them at this difficult time.”
According to Fox News, a former investment banker with Bank of America, who asked to remain anonymous, said interns regularly work 14-hour days.
“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 banker said.
Erhardt was taking part in a seven-week internship with the bank. He was one week shy of completing his internship.