California/SF IBD Summer Analyst Overtime Pay
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.
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-…</a">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?
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