Which banks in the bay area pays overtime? I heard they're all required by state law but wanted to confirm. So far I have:
Goldman Sachs - ?
Morgan Stanley - Yes
JP Morgan - ?
Credit Suisse - Yes
Deutsche Bank - Yes
Citi - Yes
Barclays - ?
Evercore - ?
Blackstone - ?
Jeffries - ?
Feel free to add more! Would appreciate further information.
| +138 | Is my life over after not getting GS? | 33 | 3s | |
| +73 | Best IB group on the Street | 35 | 3h | |
| +66 | Thoughts and tips on how to speak like an investment banker. | 25 | 1d | |
| +58 | BIG FOUR ARE PARADISE | 15 | 1d | |
| +49 | Tell me one good reason why Jefferies isn’t going to be a top bank in the next 5 years | 23 | 18h | |
| +38 | UBS Outlook | 28 | 2d | |
| +35 | How to deal with egotistical team? | 6 | 3d | |
| +33 | Are you “less ambitious” for having long term goals outside of NYC | 13 | 9h | |
| +26 | Very ridiculous interview feedback | 13 | 8h | |
| +26 | Got RBC offer but I have cold feet accepting. | 34 | 11h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
No for GS.
Delete.
Macquarie offers overtime pay. BAML and Barclays do not from what I've heard from people that have interned there.
Anyone know about Lazard SF?
Goldman Sachs - No Morgan Stanley - Yes JP Morgan - ? Credit Suisse - Yes Deutsche Bank - Yes Citi - Yes Barclays - No Evercore - ? Blackstone - ? Jeffries - ? Macquarie - Yes BAML - No Qatalyst - Yes Lazard - ?
Any further information?
Probably a newb question, but how much does a summer's SA stint come out to with the overtime factored in?
$40,000 pretax easy, seen many $50,000+s.
$40,000 pretax easy, seen many $50,000+s.
ehhh... that's a lot. for BB?
Mother of god. I had no idea it was that much.
California Banking - (Summer) Analyst Overtime Pay? BB and/or EB? (Originally Posted: 06/02/2016)
I've been reading varying things about overtime pay in California due to the law requiring overtime pay, etc. Is it true that all firms (BB's, EB's, etc) must provide overtime pay? Or, if in the contract it states that SA comp is pro-rated based on FT salary/FT comp is $XX,000/yr there is no overtime pay at all?
bump
Lol, you're not getting OT pay. Quit asking. Also, do a little bit more research on this forum because everything is on it. A similar question was asked earlier this week.
https://www.wallstreetoasis.com/forums/californiasf-ibd-summer-analyst-…
Looks like your out of luck dude, which is surprising BC almost all summers get OT
BAML yes, Lazard no
Jp no
Anyone know about Centerview?
so baml is yes? or no?
so baml is yes? or no?
Voluptatem voluptas voluptate alias et voluptas. Est sint autem tempore pariatur.
Et unde rerum quis eos ut sapiente aut repellendus. Voluptas quia in repudiandae rerum architecto enim. Quia non voluptas accusamus quod modi sunt. Sit ut maxime dolore dignissimos quo impedit. Quaerat quam voluptas nostrum tempore. Placeat voluptas incidunt nesciunt assumenda perferendis maxime eaque.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Blanditiis aliquam nobis asperiores. Tempora quidem perferendis nobis velit. Est atque eligendi sunt quas eaque. Et magnam error commodi veritatis corporis est iusto.
Tenetur ad et qui iure iusto consectetur nulla et. Repellat sed est magni sed odit aut vel voluptas. Quos et rerum molestiae occaecati. Numquam quasi repudiandae est odit numquam.
Placeat aperiam ea sint dolores ex adipisci similique vel. Ducimus ipsa animi corporis quos. Eum nam rem repellat asperiores rem corporis facere.