Comments (25)

Jul 4, 2022 - 6:07am
Sassewere, what's your opinion? Comment below:

Works at Morgan Stanley

Was the "top BB" necessary? we get it, you work at Goldman. they literally hate their employees and are the only ones pro rating to 85k lol

Why so salty, you should know ppl on WSO are obsessed with prestige

  • Intern in IB - Gen
Jul 1, 2022 - 5:11pm

There's not really any stated limit. Though if you're staying there until like 1am every day someone might start to wonder what you were doing during that time (although I have no clue who actually verifies the hours)

In my experience you can sit there until 1am refreshing your inbox and log all the hours in and nobody will question you but you're probably going to drive yourself nuts doing that

  • Prospect in IB - Gen
Jul 1, 2022 - 10:00pm

Is this accurate? I understand the base 40 hours but are interns expected to record 35 overtime hours?

  • Intern in IB - Gen
Jul 2, 2022 - 2:11pm

Current SA at bank that has pays 110k prorated already. I can say that you'd think this is what you get paid (I was excited thinking I'd make $45k+ this summer) and then you realize that you get hit with 38% taxes and it averages out to like 35-40/hr…

  • Intern in IB - Restr
Jul 2, 2022 - 3:19pm

I'm 120 prorated and making that as a salary. I think Wells is the only bank to pay interns hourly. 

Jul 2, 2022 - 5:40pm
streetstreeter33, what's your opinion? Comment below:

38% taxes at that income level can't be right. Might just be withholdings. I'd expect to get a chonky tax refund.

  • Analyst 1 in IB - Cov
Jul 2, 2022 - 7:35pm

Have a buddy who was at Wells last summer in a sweaty group working 85+ hours a week. The only verification that I believe is needed is that you were active on Skype or sending emails until the time you listed. Wells interns make a lot of money. 

  • Intern in IB - Cov
Jul 4, 2022 - 7:39am

Yes, but would you really exploit this loophole of aggressively billing your company when your return offer is on the line, especially in this kind of economic climate? 

Jul 18, 2022 - 11:38pm
mynameisnaabro, what's your opinion? Comment below:

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