Sudden Loss: BofA Associate's Tragic Demise Sparks Industry Soul-Searching

Sudden Loss: BofA Associate's Tragic Demise Sparks Industry Soul-Searching

Sofia Rodriguez-Garcia
2 min read

Tragedy Strikes Investment Banking: The Harsh Reality of 120-Hour Workweeks and the Plight of Veteran Associates

A Bank of America (BofA) associate, reportedly a US Army veteran, is believed to have died after allegedly working 120-hour weeks in the Financial Institutions Group (FIG) sector. The associate, who was part of the bank's financial institution team known for its demanding workload, is said to have had a family and joined through the Veteran's program. While the cause of death remains unknown and claims of overwork are speculative, this incident has brought renewed attention to the intense work culture within investment banks.

Key Takeaways

  • A BofA associate, rumored to be a US Army veteran, has passed away after allegedly working extremely long hours.
  • The associate worked in the financial institution team, known for its high-pressure environment.
  • Social media posts suggest the associate had a family and joined the bank through a program for veterans.
  • There have been no official statements confirming the cause of death or the exact hours worked.
  • Investment banks have been hiring veterans for their resilience, but their mental health needs are crucial to consider.
  • The tragedy echoes previous complaints about long working hours, particularly during the pandemic.


The death of the BofA associate has reignited discussions about the grueling work culture in investment banking. The financial institution team, where the associate worked, is notorious for its demanding schedule and high-stress environment, often referred to as the "sweat shop" within the industry. The associate's background as a US Army veteran adds another layer to the conversation, as it highlights the challenges that veterans may face when transitioning to civilian careers, particularly in high-pressure sectors. While banks have been actively recruiting veterans for their resilience and discipline, the incident underscores the importance of providing adequate support to help them manage potential mental health issues like PTSD.

The claims of the associate working 120-hour weeks, if true, represent a significant increase from the already excessive 100-hour weeks reported by junior employees during the pandemic. This raises concerns about whether banks have taken sufficient steps to address the issue of overwork and its potential health implications. The case also follows the death of a BofA intern in 2013, which was linked to long working hours, further emphasizing the need for a cultural shift in the industry.

Did You Know?

  • The term "sweat shop" is often used to describe the most demanding teams within investment banks, where employees are expected to work extremely long hours.
  • The hiring of veterans by investment banks has been linked to diversity, equity, and inclusion (DEI) initiatives, recognizing the value of the mental and physical resilience that veterans bring to the workforce.
  • Post-Traumatic Stress Disorder (PTSD) is a mental health condition triggered by experiencing or witnessing a terrifying event, and it is a concern for many veterans transitioning to civilian life.
  • The death of Moritz Erhardt, a BofA intern who died after an epileptic fit following long working hours, led to widespread discussions about the need for better work-life balance in the finance industry.

You May Also Like

This article is submitted by our user under the News Submission Rules and Guidelines. The cover photo is computer generated art for illustrative purposes only; not indicative of factual content. If you believe this article infringes upon copyright rights, please do not hesitate to report it by sending an email to us. Your vigilance and cooperation are invaluable in helping us maintain a respectful and legally compliant community.

Subscribe to our Newsletter

Get the latest in enterprise business and tech with exclusive peeks at our new offerings