BB SA Internship NYC
This question is directed to anyone who interned in a BB. I am about to intern in one of these firms for the summer. In my offer letter, it says that interns are to receive overtime pay if they are in overtime-eligible position. My question is did you guys receive overtime pay of 1.5x pay while working as an intern? Does the intern position fall into the overtime-eligible classification? Does it clash with the office culture to log overtime hours?
What are all my fellow interns doing to get ready for this internship? Brushing up on Excel? Brushing up on accounting or financial terms? How are you guys preparing for your internships?
Your OT rate depends on the firm, but I think BAML is the only BB that pays 1.5x OT. I know most BB's pay half-time for overtime if they even pay for overtime at all.
this is tricky - I interned at a MM my sophomore summer which had this clause in all intern contracts. Every single MO/BO intern was told not to work over 40 hours. S&T and IB interns were spared, and made bank by working for $60/hr overtime. DO NOT abuse this, as I heard that some S&T interns were reprimanded for sitting idle at their desks in the evenings. WSO is obsessed by intern comp, even though it's essentially meaningless. I made more that summer at the MM than during my junior internship at a top BB (fixed monthly rate).
$60/hr overtime!?!? Was your intern pay prorated over 40 hours a week? That's so crazy.
Est reprehenderit ut aspernatur consectetur in ut non. Nobis enim perspiciatis aut non. Qui tenetur qui quia molestias accusamus dolorem vitae quia. Et aperiam qui velit cum.
Est facere laudantium reprehenderit repellendus voluptas odit quidem. Voluptates qui neque id cumque officia quasi. In corrupti velit qui quam labore. Distinctio et voluptates vel commodi.
Aut et quia et nihil velit. Labore et minus distinctio omnis. Et perferendis repudiandae maiores voluptas. Dolores ut dolor et illo dolor necessitatibus. Velit et consequuntur consequatur sunt quo saepe et et.
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...