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Remote Banking in California, do overtime pay laws apply?
Incoming BB investment banking analyst in the NY office where we were told training will be virtual from our start date in June until late august. Although I currently do not live in California, would I be able to rent a place in California (with other friends at the same company), complete the...
FT overtime in corporate banking?
Hi All, Just got an offer for a T3 global bank in a corporate banking originations capacity. Offer was about 5k lower than what I expected but it was structured that I would get 1.5X OT for all hours past 40. Has anyone seen an offer like this before? I am coming in with just under 2yrs experience...
Overtime Pay for FT Analysts?
It was brought to my attention that IB analysts are non-exempt employees (for overtime pay) under federal law. Meaning that all analysts who work 40+ hours per week are due a minimum of 1.5x base salary for every hour worked over 40. However, I have never heard of an analyst sue for overtime or be...
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