Working hard and push the limit is expected, but when is it enough?
Investment bank intern, 21, who worked ‘until 6am for three nights in a row’ is found dead http://www.dailymail.co.uk/news/article-2397527/Bank-America-Merrill-Lynch-intern-Moritz-Erhardt-dead-working-long-hours.html?ito=feeds-newsxml
Moritz Erhardt rest in peace.
They could have selected a better picture though. Why did it have to be the one where he is in a ralph lauren shirt with a tie on and suspenders, posing in front of a cow picture?
A moment of silence for the fallen.
It was enough after the first all-nighter.
Rest in peace
That’s the thing about finance… sometimes i wonder if it’s worth it. that’s why i rather make less money but have more personal time and do things more worthwhile.
I know a lot of professionals work long hours and probably do not make extraordinary income, say doctors, but they are saving lives!!! so i guess it’s worth it to sacrifice yourself for others in a way, but finance… it’s just a numbers’ game.
Doctors make a lot. I feel bad for people working double shifts at the diner to pay for their kids food.
I read somewhere that interning in one of the major I-banks is worse than a military boot camp.
Going the extra mile is only worth it if it brings you closer to a goal of living a better life in the future. I’d gladly work 80 hours a week for 1 year if it means I can retire 2 or more years earlier than otherwise for example.
Three all nighters?? That’s it?? Everyone knows that’s what you have to do in banking. During my internship at Lehman Brothers I had a roommate who worked at JP Morgan who would work at least three in a row almost every week. He left one Thursday morning for work and didn’t make it back home until the following Tuesday for a change of clothes and then back to the office. When I was at Banc of America I had a buddy who was at Wachovia securities that worked more ridiculous hours than this guy. The compensation is tremendous though but they own you. You only need to do it for a short period of time though. My hours were great and I still worked 14 hour days. I put in my 5 years on wall street, albeit in Fixed Income research, and left when I had enough.
Not all doctors make THAT much money… again, we are talking about a decade of studying and residency and not necessarily making a lot of money for a long time until, if you are good enough, to become a specialist.
But perhaps US is different.