Here's a dose of dailyfail...a tragic story unfortunately.
- Moritz Erhardt had been interning with investment bank Merrill Lynch
- Erhardt, from Germany, was found dead in his East London flat last week
- 21-year-old had 'pulled all-nighters' during his summer internship
- Summer interns are paid £45,000 a year pro rata for their work
A young student has died
in mysterious circumstances while employed as an intern at a top investment bank – amid claims he was asked to work punishingly long hours.
The body of Moritz Erhardt was discovered on Thursday evening as he neared the end of a seven-week internship with the Bank of America Merrill Lynch’s investment bank division.
The 21-year-old – understood to be from Germany – had joined Merrill Lynch earlier in the summer hoping to forge a career with the firm.
Paid interns at the bank normally earn £45,000 a year pro rata - around £2,700 a month.
‘To avoid any rumours or misinformation, we would like to inform you all that there were no suspicious circumstances surrounding the death.’
‘Every intern’s worst nightmare is what’s called “the Magic Roundabout” – which is when you get a taxi to drive you home at 7am and then it waits for you while you shower and change and then takes you back to the office.
£45,000 a year pro rata;
there are 52 weeks in a year => 45,000 / 52 = £865.38 per week.
he neared the end of a seven-week internship
Seven weeks multiplied by £865.38 per week = he died over £6,057.66