A few weeks ago Moritz Erhardt collapsed and died in his London home after working until 6am for three days straight.
The 21-year-old Bank of America intern was coming to the end of his seven-week stint at London-based Merill Lynch. He planned to work hard for a few years before retiring from finance to ‘do something good’ for the world.
Erhardt is just one of the many young people hoping to make a lot of money in a short amount of time so they can spend the rest of their lives enjoying themselves or trying to make a difference to the world.
Sadly this ‘dream’ ending hoped for by many young investment bankers is, for most, non-existent. Workers become trapped in employment as they grow older and find themselves paying extortionate mortgages and school fees. One banker said: “We’re all trapped. There’s no big money to be made any more – just enough to keep you from…