WF SA Intern Compensation Change

Anyone have thoughts or insight to the OT changes? Maybe someone full time might know what exactly it is?

Edit: How SA2027 is getting paid summarize by GPT

IB SA comp uses the “fixed salary + half-time OT” method. You get a weekly salary ($2,115) that already covers all hours worked, then for hours >40 you only get an extra 0.5× your calculated hourly rate (weekly salary ÷ total hours). So if you work 80 hrs: $2,115 ÷ 80 ≈ $26.44/hr, overtime premium is 40 × 0.5 × $26.44 ≈ $529, total ≈ $2,644/week (~$33/hr effective). Over 10 weeks that’s ~$26k + $2.5k stipend ≈ $28.5k pre-tax.

At 80 hours a week it would have been 53,000 for 1.5x OT

68 Comments
 
Most Helpful

So fucking ridiculous. The audacity to send a revised offer letter a year later to just change compensation…if you worked 70 hrs a week, that changes total comp by 16K

 

Wtf are we going to tell you? I’ll try to grab some time with Charlie today to see if he can intervene.  

 

Just to make sure I'm reading this right, we are getting half of our normal base pay when working overtime instead of 1.5x? So we are losing out on tens of thousands of dollars???

 

To confirm so for 40 hours yall are getting say 40$ an hour (arbitrary number) and then for the next 40 hours you are getting 20$ an hour?? Not 40$ or 60$ an hour?

 

$60, they can’t lower your salary for working more. Before it was $100

 

WF interns feeling the pain GS interns have had forever. Wish NY was like CA in banning this penny pinching move

 

I know of 2 kids who are reneging and a third who is considering. They need to realize that top pay was a factor in a lot of students' decisions. Completely fucked to change an offer letter from last year. 

 

Think they deliberately waited a year to announce this so ppl can't renege for other offers cuz they are all gone

 

No way anyone is reneging this late lol that’s why they announced it now. This is prob just an incoming trying to scare WF on WSO - they ain’t on WSO bro

 

Asked chatGPT and this is what it says:

Sometimes the wording “halftime hourly rate” can confuse people.

It does not mean half your pay.

It means half extra added on top of your regular rate:

Regular rate + 0.5 × regular rate = 1.5 × regular rate

 

EBs may 120k prorated + 5k signon. stop complaining about small trivial things. money will come if your good, focus on being good. fuck 10k, when ur 60 and ur actually good at your job, 10k won't even a rounding error. just stop complaining. you cant control shit either way anyways. 

 

Quos eligendi est quia alias nostrum. Assumenda quibusdam placeat illum rerum rerum. Et rerum excepturi eius et amet error atque. Rem nobis dolorem nesciunt saepe aliquam eveniet neque. Nisi voluptatibus explicabo voluptatem tempora dolore debitis.

Quam aut consectetur cumque aut velit praesentium tenetur ut. Est iure rerum et molestiae.

Et eligendi perspiciatis officia et pariatur dolores. Iste eaque saepe autem dolor omnis. Quod consequatur aliquam voluptas minus. Numquam porro voluptatibus unde eum.

Rerum tenetur aut quis molestiae. Animi perspiciatis sed minus ullam est ab tenetur. Quia ipsa eos voluptatibus animi rerum quae a. Distinctio rerum quidem dolore.

 

Odio sint cupiditate dolor voluptatem veniam modi dolor. In velit fugiat eos voluptas sed eos aut. Qui dolores tenetur et qui quaerat rem. Aspernatur rerum cumque a numquam.

Animi nisi atque vero recusandae. Harum deleniti ab dolorem adipisci dicta.

Ut quo est sint quis quia et et libero. Et et necessitatibus rerum sint ipsam. Veritatis commodi odio magni pariatur.

 

Eligendi quae ipsum numquam quo deserunt molestiae est. Totam explicabo molestias illum eum. Libero molestiae iure odio ea natus et aspernatur. Quae pariatur animi fuga ea consectetur mollitia eos autem. Omnis nesciunt asperiores amet deserunt provident dolorem quibusdam. Quia eum magni odit et.

Voluptatem eos temporibus rem veniam voluptas ipsum. Vitae dignissimos nulla placeat veniam tempora ipsam non.

Aut beatae ut impedit omnis. Officia ratione ullam non quidem maiores temporibus voluptas. Sunt ut aut molestiae rerum doloribus enim.

Accusantium perferendis quo labore ipsa praesentium repellendus. Perferendis consequatur tempore quisquam numquam magnam. Consequuntur molestias est rerum odit exercitationem rerum. Hic sit quo deserunt hic et.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (77) $151
  • Intern/Summer Analyst (71) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
DrApeman's picture
DrApeman
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”