Today I Learn… I make a point of learning something new everyday. This is what I learn each day

1, Oct 20, 2013

If you think you are invincible because you are young, think again

Filed under: Health — admin @ 12:06 am

Severe sleep deprivation kills. On 8/21/2013, I read a sad piece of news about the death of a 21-year-old intern. Bank intern’s death spotlights workaholic culture. I personally know some people working at the IBD of a top investment bank. They throw in more than two third of the day to their work. This is definitely not life but torture or even suicide.

“The 21-year-old German intern allegedly worked for 72 hours without sleep for the Bank of America’s investment banking division in London before he was found dead.

Moritz Erhardt, 21, who died while working as an intern for the Bank of America Merrill Lynch’s investment bank division in London.

LONDON — The death of an intern working at the London offices of Bank of America Merrill Lynch has prompted calls for city firms to take more responsibility for the ambitious graduates who push themselves to the limit to secure jobs at the world’s top banks.

Attracted to the glass towers of finance in London, New York and Singapore by the prospect of securing a full-time job and hefty wage, future “masters of the universe” often face 20-hour days in some of the most adrenaline-soaked offices on Earth.

Weekends at work and meals in the office are par for the course with anecdotal reports of the “magic roundabout” where interns get a taxi home after dawn and leave it waiting while they have a quick shower and then return to work.”

No Comments »

No comments yet.

RSS feed for comments on this post. TrackBack URL

Leave a comment

You must be logged in to post a comment.

Powered by WordPress