It’s the softer side of Wall Street.
Two months after a promising 21-year-old London finance student died after completing a highly competitive Bank of America summer internship, a number of banks are eyeing changes in their entry level programs, The Post has learned.
Goldman Sachs is expected to announce as soon as Monday that it will lessen the work load for its junior banker, sources tell The Post.
Across Wall Street, interns can be asked to work 80 to 100 hours a week under tremendous pressure.
At Goldman, sources said, the changes may include eliminating work on some weekends and cutting back on the longs hours logged during the week.
JPMorgan Chase also is mulling helping its interns — including those chosen to work as research analysts and in its investment bank — better handle the Wall Street grind.
Last Aug. 15, London-based BofA intern Moritz Erhardt was found dead in his apartment after working for three nights straight. In October, a post-mortem investigation found Erhardt died from an epileptic seizure.
His family believes the seizure may have been cause by a lack of sleep.
The death sparked a debate over whether banks overwork their interns.
For aspiring investment bankers like Erhardt at firms like Goldman, BofA, JPMorgan and Morgan Stanley piling on the hours is typically a badge of courage.
Details on Goldman’s plan aren’t clear, but sources say that it simply entails managers being more mindful of the work their young charges contribute to major deals like mergers and acquisitions.
Moves by big firms like Goldman and JPMorgan are likely to see other bankers follow suit with similar plans of their own making.
In addition, BofA is also weighing changes to its intern program. It formed a panel to look into the issue this summer and it hasn’t yet finished its work.
Representatives of Goldman, JPMorgan and BofA declined to comment.