vac work (1 Viewer)

[:: ck ::]

anyone doing vac work over these holidays? big4/ib etc... ?

how much u getting paid?

 

[turtleface]

big 4 melbourne
25 p/h (obviously not deloitte and their 26 - rich b@!$!@!s)

 

[peanutbolt]

big4 sydney- $24.50/hour
im excited :O

 

[jase_]

You guys are getting paid more than what I did last year =\ lol.

 

[Conspirocy]

hahaha dealt with...did u deadset get offers from all of them to know that, or did a mate tell you some of them ?

 

[lizbon]

i'm going to a big 4 that's paying 26/hr

my mate got into UBS operations (back office), they only get around 800 a week. I also know a few people goin to macq and they're getting 1000 a week.

at the end of the day, the money doesn't really matter, it's all about gaining some valuable experience and getting a taste of what a corporate environment is like.

 

[:: ck ::]

nah pay's not all i care about.. just wanted to know out of curiosity hehe...
also as a comparison to what i get since im a part timer

damn i wonder what that ubs figure would look like in an hourly rate haha

 

[Conspirocy]

nah pay's not all i care about.. just wanted to know out of curiosity hehe...
also as a comparison to what i get since im a part timer

damn i wonder what that ubs figure would look like in an hourly rate haha

you can't really compare, vac work is casual and gets a loading

 

[Archimedes]

I know a mate who is working at ANZ for a 10-week internship over summer. $220 per day.

Can someone tell me why vacationers get paid so much more than grads? I find that quite strange!

 

[peanutbolt]

damn ubs is giving heaps good.
yeh i agree as a vac its more about experience, hope theres heaps of boozefests though.

 

[lizbon]

I know a mate who is working at ANZ for a 10-week internship over summer. $220 per day.

Can someone tell me why vacationers get paid so much more than grads? I find that quite strange!

you do realise that IB interns in the IBD will work like 15 hrs (or more) a day, while the guys in trading work ard 13, the hourly rate isnt as good you think it is.

The vacationer pay rate is basically pro rata of a first yr grad's base salary + loading to compensate for the absence annual and sick leave, it's not actually that much higher. e.g 1550 a week equates to ard 80k a year which is what a first yr IB analyst gets.

 

[AppleXY]

agreed ubs pay is brillant wow

 

[turtleface]

lol SCORE! I just reread my contract and contrasted it to last years. Thanks to a change from "super from your hourly rate" to "super in addition to your hourly rate", Big 4 Melbourne this year is $27.25 per hour = $1022 a week ("almost" as good as IB rates) (Better imo, since IB vacs work about 15 hours a day.)

Can someone tell me why vacationers get paid so much more than grads? I find that quite strange!

Its cause vacationers get a loading in lieu of leave, sick pay etc. At Big 4, Vacationer salary is the same as graduate salary because both are basically inexperienced students.

The trick is to times the hourly rate for vacationers by xx hours per week X 48 weeks, not 52.

 

[huangker]

In anycase $26 ph is good pay for uni student.

BTW has anyone worked at EY for vac work and been taken to the Blue Mountains for training? What could you possibly do down there?

 

[lizbon]

from what i've heard, this year is the first time they're taking the vacationers to the blue mountains and it'll cover the technical training needed on the job (and provide some team bonding of course)