Former U-M Student Dies After Long Hours At Banking Internship
LONDON (WWJ) – A former University of Michigan student died during a banking internship in London.
A British newspaper reports that 21-year-old Moritz Erhardt suffered from epilepsy and collapsed in the shower after reportedly working 72 hours straight at Bank of America Merrill Lynch.
Multiple news organizations, including CNBC and the Daily Mail, had reported that Erhardt was a student at the U-M’s Stephen M. Ross School of Business. It was later reported that he had completed his U-M studies and was currently enrolled at the WHU Otto Beisheim School of Management.
An anonymous banking official told the Daily Mail that such interns often work 100 or more hours a week.
On an industry website several commenters have claimed that Erhardt regularly worked long hours.
“One of the best interns at BAML — three all-nighters, didn’t turn up, colleagues went to find him,” one post reads.
“It is absolutely true — he was found dead in the shower by his flatmate. Intern at BAML who went home at 6 a.m. three days in a row,” added another commenter.
Bank of America Merrill Lynch said, in a statement, ”We are deeply shocked and saddened by the news of Moritz Erhardt’s death … 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,” the statement continued.
An investigation is underway. However, according to a statement by the Metropolitan Police in London cited by Bloomberg News, Erhardt’s death is not is being treated as suspicious,