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Finance Intern Works Himselfto Death


Era Might

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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.

But serious concerns about interns working long hours and even through the night were raised on Wednesday after the death of Moritz Erhardt, 21, who was found dead late last week at his London accommodation towards the end of a seven-week internship.

The German intern allegedly worked for 72 hours without sleep in Bank of America's investment banking division. The cause of his death was unknown pending post-mortem tests.

A Bank of America spokesman said the bank was waiting for the facts about Erhardt's death before deciding whether to review its internship programme.

http://www.reuters.com/article/2013/08/21/britainbank-interns-idUSL2N0GM1WE20130821

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sad. many of these horrible internships are with shiny, well-heeled corporations, and yet they are unpaid. It's slave labor that's all. Some people say the remuneration comes with the network development an internship gets you. Well it that's so then you're restricting all that valuable experience to a class of people that can afford to go weeks without a paycheck.

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sad. many of these horrible internships are with shiny, well-heeled corporations, and yet they are unpaid. It's slave labor that's all. Some people say the remuneration comes with the network development an internship gets you. Well it that's so then you're restricting all that valuable experience to a class of people that can afford to go weeks without a paycheck.

 

Part-time work, part time job...

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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.

But serious concerns about interns working long hours and even through the night were raised on Wednesday after the death of Moritz Erhardt, 21, who was found dead late last week at his London accommodation towards the end of a seven-week internship.

The German intern allegedly worked for 72 hours without sleep in Bank of America's investment banking division. The cause of his death was unknown pending post-mortem tests.

A Bank of America spokesman said the bank was waiting for the facts about Erhardt's death before deciding whether to review its internship programme.

http://www.reuters.com/article/2013/08/21/britainbank-interns-idUSL2N0GM1WE20130821

Any internship that takes more than 50 hours a week needs to be changed. Most schools won't give course credit for more than 40 hours a week for a course term.

 

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