Which banks in the bay area pays overtime? I heard they're all required by state law but wanted to confirm. So far I have:
Goldman Sachs - ?
Morgan Stanley - Yes
JP Morgan - ?
Credit Suisse - Yes
Deutsche Bank - Yes
Citi - Yes
Barclays - ?
Evercore - ?
Blackstone - ?
Jeffries - ?
Feel free to add more! Would appreciate further information.
| +121 | I think I’m logging off after ER visit | 24 | 6d |
| +110 | AI Creating More Work | 36 | 6h |
| +109 | Is it Bad That I ALREADY Don’t Care? | 32 | 1h |
| +95 | Senior Banker's Guide to IB Recruiting / Group Placement (with a Healthcare Bent) | 11 | 18h |
| +82 | Shit PWP Culture | 60 | 3d |
| +64 | Is pay at BofA really that bad? | 18 | 1h |
| +44 | How easy was recruiting for you? | 21 | 5d |
| +38 | Is the life of a VP at a 'top-bank' really good? | 12 | 1h |
| +36 | 22yo IB Analyst just had mental health breakdown | 11 | 1d |
| +22 | Law school instead of MBA for RX Banking | 3 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
No for GS.
Delete.
Macquarie offers overtime pay. BAML and Barclays do not from what I've heard from people that have interned there.
Anyone know about Lazard SF?
Goldman Sachs - No Morgan Stanley - Yes JP Morgan - ? Credit Suisse - Yes Deutsche Bank - Yes Citi - Yes Barclays - No Evercore - ? Blackstone - ? Jeffries - ? Macquarie - Yes BAML - No Qatalyst - Yes Lazard - ?
Any further information?
Probably a newb question, but how much does a summer's SA stint come out to with the overtime factored in?
$40,000 pretax easy, seen many $50,000+s.
$40,000 pretax easy, seen many $50,000+s.
ehhh... that's a lot. for BB?
Mother of god. I had no idea it was that much.
California Banking - (Summer) Analyst Overtime Pay? BB and/or EB? (Originally Posted: 06/02/2016)
I've been reading varying things about overtime pay in California due to the law requiring overtime pay, etc. Is it true that all firms (BB's, EB's, etc) must provide overtime pay? Or, if in the contract it states that SA comp is pro-rated based on FT salary/FT comp is $XX,000/yr there is no overtime pay at all?
bump
Lol, you're not getting OT pay. Quit asking. Also, do a little bit more research on this forum because everything is on it. A similar question was asked earlier this week.
https://www.wallstreetoasis.com/forums/californiasf-ibd-summer-analyst-…</a">https://www.wallstreetoasis.com/forums/californiasf-ibd-summer-analyst-…
Looks like your out of luck dude, which is surprising BC almost all summers get OT
BAML yes, Lazard no
Jp no
Anyone know about Centerview?
so baml is yes? or no?
so baml is yes? or no?
Aut eveniet quis officiis aut eum rerum consequuntur. Et et quo quis sed quae rerum. Dicta blanditiis omnis eum commodi illo veniam modi. Nostrum laborum et quisquam. Laudantium voluptatibus rerum qui.
Et quam reiciendis culpa et. Atque quisquam modi voluptatem iste dolores sed aliquam. Et aut ducimus eum assumenda.
Voluptate nam quasi suscipit culpa ullam nulla. Repellendus qui est eos odio quasi voluptatem id. Quia voluptatum ipsum maxime nobis excepturi facilis mollitia.
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...
Deserunt fugit labore suscipit vero autem consequatur cupiditate. Aut ut est dolores voluptas et perferendis. Nemo et deleniti aut et. Provident nisi ea ab aut.