Calculating First Year Compensation From Summer Offer
Posted: Sat Sep 29, 2018 11:23 pm
Received an offer with a Big Four for a non-exempt summer position (40 hrs/wk, anything over that I get time and a half).
1. Is this the typical Big 4 summer intern compensation structure?
2. How do I figure out what I would actually be making as a first year from this? Is it even possible to figure it out based on what I'm being offered? Do I calculate the base pay plus ten hours a week at standard rate to assume I'll be working 50 hrs/wk and that'll be my base pay as a first year? Would it be the base pay plus time and a half for an additional ten hours a week, bringing me up to a base of 50 hrs/wk that way? I can't imagine they wouldn't bump the base pay up a bit before turning me into an exempt employee since I'll definitely be working at least 50 hours a week.
1. Is this the typical Big 4 summer intern compensation structure?
2. How do I figure out what I would actually be making as a first year from this? Is it even possible to figure it out based on what I'm being offered? Do I calculate the base pay plus ten hours a week at standard rate to assume I'll be working 50 hrs/wk and that'll be my base pay as a first year? Would it be the base pay plus time and a half for an additional ten hours a week, bringing me up to a base of 50 hrs/wk that way? I can't imagine they wouldn't bump the base pay up a bit before turning me into an exempt employee since I'll definitely be working at least 50 hours a week.