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'All-nighter': Moritz Erhardt, 21, had been working gruelling hours as an intern at an investment bank.
To those in the know it is referred to as The Magic Roundabout — a shift that begins at 7am and continues around the clock, culminating in a cab ride home 24 hours later. And that’s not the end of it...
While the taxi driver waits with the meter ticking over, his fare nips inside to have a shower and put some fresh clothes on before being driven back to the office in time to begin another day’s work.
Not that they are ever going to complain about putting in an ‘all-nighter’ at their workplace.
While they may be drawn from the academic cream of their generation, they know that to get a top job with one of the giants of banking, law or accountancy then not only do they have to suck up this sort of treatment — but smile while they are doing so.
Working six or even seven days a week is common, with a 110-hour week nothing out of the ordinary.
‘You learn pretty quickly that you don’t just have to be good to get one of these jobs, but to make a show of how “good” you are,’ explains a 21-year-old economics graduate fresh from completing a month-long internship with a City investment bank.
‘There were nights when I could have gone home at 11pm but that would have been career suicide. Instead, I used to pretend to be busy working until 2am, then be back at my desk at 7am.’
‘The bank won’t tell them to do that but they will see that it is implicit in the competitive nature of what they are doing and will see it as a “good thing” to also do this,’ she says.
‘The banks don’t really care for the mental health or well-being of their employees. It is not paramount because there are so many people willing to take their place.
The body of Moritz Erhardt, pictured with a friend, was discovered on Thursday evening.
Being good is not enough. They have to make a SHOW at how good they are. And this whole thing is implicitly condoned and winked at by the company.