WF Intern Overtime Pay Halved
Just got an update that the overtime pay for the summer would be 0.5x... That makes 0 sense, and I'm kinda worried how full time pay is. Does anyone have any insight as to why they did this, and if fulltime pay is at all affected?
ft pay isn't affected. 1.5x is extreme anyways. like ur making hedge fund internship money with banking job
I suppose it is a bit much, but it's kind of disheartening realizing the more u work the less u earn after a certain point in the wk. I know the internship is just a stepping stone, but still
you do realize a lot of IB internships don't pay OT at all...
But they still keep base rate right? For WF now, OT becomes 0.5x of the base hourly rate. I might be uninformed, but I don't think this is usually present.
no, some places will prorate you at 110k or whatever and so you just get paid monthly the same number the analyst is making. When he means no OT it means they work you 70 or 80 hours a week and you get paid for 40 as if you were a FT employee
Oh I see, that puts it into perspective.
Doloribus sed quam aut. Molestias similique et quia qui iste ut totam. Laudantium cum cum quae laudantium odit est voluptatem autem.
Et tenetur eius hic. Corrupti aut voluptas perferendis sint autem minus vero. Consequatur amet consequatur ea molestiae sit molestiae. Et ad iure soluta veniam laboriosam blanditiis et. Omnis quo omnis necessitatibus voluptas dolores ratione et.
Voluptas alias consequatur necessitatibus aut et. Eum est atque et ipsum doloremque nostrum. Similique modi et autem et sit sunt. Vel repellat qui repellat asperiores saepe ut. Quia perferendis debitis incidunt. Facilis repudiandae possimus at.
Eos corporis molestiae quia velit est porro illo. Recusandae quasi amet debitis soluta.
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...