What is typical for an hourly rate for interns?
What should one expect as an hourly rate, was offered hourly instead of prorated due to location. Was wondering what a reasonable amount is.
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To many Variables:
Type of City (NY/SF, CHI, Charlotte, Austin)?
Type of Bank (BB, MM, Local Boutique)?
Experience (First internship, junior year internship)?
Ny/SF
MM
Junior year internship
~$30-35 would not surprise me if they are offering overtime
Free
If you are in SF and getting 1.5x OT, run a little Excel on how much that is working ~60-80 hour weeks... even $20 an hour you'd make more than the interns getting $100k base working 80 hour weeks. So anything $25-35 I'd say is generous if OT is 1.5
We pay $50/hour + 1.5x OT after 40 hours. NYC-based industry boutique.
What firm in NYC is paying 1.5x OT?!?!
Do you mean 0.5x premium ?
$50 an hour with 1.5x OT is roughly = $125 an hour that’s insane
Yes that's what I mean (pretty sure that's what most people mean with 1.5x OT)
Non NY, hourly rate is $40 + OT
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