Are you supposed to take OT pay?
If you're working above your hours and your contract states they'll pay you X amount per hour for every hour of OT, are you "supposed" to seek to collect every cent per hour worked?
Seems like a bad look and may make you too costly for the firm. How does OT actually work?
How are your hours tracked? Usually you'll need to input your hours into a computer system. If you go over the designated 40 hours a week, the system automatically adjusts your pay to include overtime.
If your reporting is very loose and exact hours are not tracked by an automated system, it may be a lot harder to stake your claim for overtime. Can you give us a bit more detail?
Wondering the same thing here too for a SA gig
CompBanker, Im not sure. I start the internship in June but Im just wondering how it will work. Its at a BB if that helps
Yeah, like CompBanker said, you usually have to fill out timesheets electronically on the company's system. They should tell you how to do it at your orientation.
Not a lot of interns get OT--take advantage and learn as much as you can!
Are you kidding me? If the contract says you get overtime, you get overtime. Keep track of your hours and report them as accurately as possible. Besides, you can make a ton of $$ during the summer at bank that pays overtime. Don't deny yourself this opportunity. If you do a good enough job to get hired they wont be bean counting over how many hours you worked.
Make sure you don't overly abuse the perks, if anything.
^ thats the thing. If I record every hour of OT I worked, wouldnt that be abusing the perks?
Wondering the same thing. My summer offer includes stipulations for overtime pay and I am wondering if that is money I can count on, whether or not I'll get it will influence what type of apartment I'll be able to get. Is it actually common for banks to not pay OT despite being in the offer?
Just use some common fucking sense and don't try to nickel and dime the shit out of them.
What he said. They didn't offer it to you so you could say, "Thanks, but no thanks." Just ask at your orientation how you enter your time and they'll take care of the rest. Seriously, it's a pretty nice thing to have as long as you don't abuse it.
I interned at a bank that paid overtime too. It is absolutely not abusing the system to report your overtime. HR does not give a shit whether the company spends an extra 2-3k on you over the course of the summer. In fact, I would say that by not reporting every hour (honestly) you make it look like you aren't working as hard as your peers. If you are in S&T as an intern, expect to clock around 60 hrs a week even if that isn't required of you, maybe more depending on the desk. In banking, expect far more than that. If you are honest with your hours (and yes they can track when you swipe in and out of the building), you have absolutely nothing to worry about.
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