Question for those who have been an IB SA at a BB
For those of you who have been an SA at a BB that pays overtime. If you work 100hrs a week, do you log the entire 100hrs? I ask because I am sure a lot of the 100hrs is actually face time and trying to follow the first in last out rule. Seems to me like the bank would not want to pay an SA a ton of overtime just because the SA feels he should stay in the office to 2am even if he hasn't had work since 11pm. Can SAs be discouraged from logging in the full amount of time they spend in the office each week?
just log your damn hours
no one will discourage you from staying late
Typically HR will tell you to log all the hours you work. It's on you to do it if you want to make bank. No one will say anything if you log 100hrs, but if you log the wrong hours over and over again, then that might raise some eyebrows. If you cheat, then the bank will check the time you swipe your ID in and out to see if you're lying or not. It's not a big deal though, just log the hours you work. I asked the same question to analyst and he told me to log my damn hours. I did what he said and ended up killing it for the summer in overtime.
I was told by a few associates and VPs at the bank where I'll be interning at that the summer is "slower" and that I probably won't even be required to work more than 70-80 hours tops. Is this consistent across IB in general or just a load of crap that they were trying to serve me because they didn't want to tell me that I was going to be worked to the bone? I was hoping to log at least 85-90 on average to put away some money, so I'm hoping they weren't telling the truth.
Hmm.....I was told to expect anywhere from 80-120 group depending. I was also told that sometimes the summers can be a shit show with 2nd year analysts leaving and 1st years taking on the new FT analysts as well as the SAs.
80 wouldn't be terrible, but it would be nice to average at least about 90-95 over the two months. I can't imagine 120 with the OT pay...that would be awesome.
Yea, just keep an iso-mat at your desk for the 120s
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