Does Wells Fargo IB pay overtime to their summer interns?
I know some banks do, but I was wondering specifically about WFS
Trending Content - Investment Banking Forum
| +67 | Any tips for sleeping well? | 36 | 12h |
| +52 | Wealthy Parents / Jaded | 17 | 35m |
| +40 | Background check issue IB Full Time | 22 | 1h |
| +36 | Venezuela Debt Restructuring - LAZ vs CVP | 14 | 40m |
| +35 | How are hours rn for SA (interns) | 21 | 8h |
| +28 | Q dealflow slowdown | 22 | 3d |
| +25 | HL vs WB | 19 | 23h |
| +24 | Investment Banking in Mexico | 6 | 9h |
| +23 | UBS GIG, LevFin, FSG Interns working Sundays and 85 hour weeks their first week? | 11 | 23h |
| +22 | MM bottom bucket bonus | 9 | 21h |
Career Resources
They do pay overtime. They pay interns at an hourly rate.
Overtime? We're 24/7. No such thing as overtime.
From what I've heard, this is 100% true. A friend that interned at WF was probably the most well paid intern at my school just due to the massive hours + overtime.
Yes they have a ridiculous overtime policy. They get 1.5x then get an extra .15x or .2x if they work too many hours on a given day.
Ok that's nice to hear. Thanks for all the info!
I interned at 2 MMs and then a BB during my undergrad, and my highest pay was at the least preftigious bank, just because I was paid hourly + overtime
Worked there this past summer, was paid $30/hour regularly + ~$50/hour overtime.
Voluptas hic voluptatibus saepe perspiciatis iste excepturi accusamus architecto. A similique dignissimos dolore beatae. Asperiores ut neque nihil perspiciatis. Ab quae beatae magnam.
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...