Attracted to the glamour world of finance in London,
New York, Hong Kong and Singapore by the
prospect of securing a full-time job and hefty wage, they often face 20-hour days in some of the most adrenaline-soaked offices
on earth. But serious concerns about interns working long hours
and even through the night were raised on this Ausgust 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 the Bank of America’s investment banking division. The cause
of his death was unknown pending post-mortem tests.
Some criticis condemned the culture at investment
banks : Calling it “slavery in the city” this exploitation of
youth is unacceptable. But interns
doubted it would possible to change the culture, saying they were never
explicitly told to work such long hours but imposed this on themselves in their
desperation for a job. “People push themselves because they want an offer
with the bank and the chance of a great career and great money,” said one
former intern from a major U.S. bank who secured a job after the summer. “This
is a golden path.”
So friends are we still aiming for these bank jobs ??? Worth it?
