Intern Salary
How much do you make for your summer analyst position? I am wondering if you have overtime and how overtime works. Please reply with your type of bank and if you are paid 1) hourly, 2) prorated salary and 3) whether you have OT. Thanks!
top MM (HL/Blair/etc), 85k prorated no OT. No signing bonus.
another top MM, same here.
Mid-EB offer was the same but with signing bonus
BB, paid OT (calculated as 60 hours = 85k for the hourly rate). Made ~2.5k on my worst weeks
Just curious, how does OT work? So you keep a time sheet and then just get hourly rate = 85k/52/60 with overtime as time and a half?
BB London - 50k base, 1k sign on, pro-rated. Standard here.
This is the pounds, correct?
Also, the 1k sign on is not pro-rated as well, is it?
How much does Jefferies pay?
Not sure if BB S&T counts but: 85k pro rated. Had OT. 2k bonus.
Does anyone know if cali pays interns OT or is that only for FT analysts ?
It's the other way around, only interns get OT. Many interns walking away with ~40k pretax.
Wow thanks man
2k relocation bonus for summer. 40/hr (60/hr OT). 10k signing bonus for with offer.
What bank pays that much lol? That sounds like a buyside role.
Lower tier BB - it’s a recruiting effort most likely
10k signing bonus just for SA? or when you convert to FT
Buyside summer analyst role. I'm not sure how many hours I'll be working in the role beyond 40 hour weeks, however I'll get paid 43 an hour (1.5x OT) and 10k signing bonus
Feel like that's Citadel or a Quant shop
dang
For my SA 2020 role, the offer is $1700 per week. No mention of OT pay or an hourly rate, so I assume it's just a base salary pro-rated over the 10 weeks
Big 5 Canadian Investment Bank S&T intern 1635 weekly
Is this in New York?
Yes
What BB/EB/MM investment banks in CA pay hourly and not a fixed prorated salary for summer analysts?
bump
Im going into freshmen year at a semitarget. MM firm. I get paid 25$ an hour 1.5x overtime no signing bonus no bonus. 1/2 the time I do nothing though so I'm good with getting paid less than most people on this site
confused why someone disliked. that
No idea, Mr. Summer Associate in IB who happens to be a freshman at a semitarget. How did you manage to pull that off?
EB, 95k prorated, 2k signing, no OT
Is it for Associate Intern?
.
I don't know why I got hit with MS, I wasn't intending anything other than to share information that was asked. The information is accurate, it's in my offer letter. Sorry for anything that might've been interpreted as rude
similar for me, too.
EB— 95k prorated + 2.5k signing + 2k relocation
Why there is such a difference in compensation between US and Europe?
Even within the same company Interns and FT Analysts are better compensated in the US.
The joys of socialist policies!
AND we get taxed less!! But enjoy your “free” healthcare and college
College isn't free. I have a shit ton of student debt tbh.
Enjoy your demographic change, Mr. Ahmaud
Raymond James NYC pays $32/hr + OT @ $48/hr for IB
The question is how much of the OT can they really claim?
Sophomore intern at a boutique. $12k for the summer
MM S&T $85K Prorated, every hour after 40 paid at .5x hourly rate, 2K relocation bonus, not sure if overtime or relocation bonus matters anymore because of corona
$85K no signing bonus until after you have accepted the offer. My firm normally offers clawbacks if you leave before the contract is up so not completely sure if they'll claw back your intern salary if you don't accept the full-time offer. I've only heard of one bank that claws back that crazily.
BB SA - 85K prorated, 2.5K signing, no OT
West Coast BB (Citi/BofA): Paid hourly, 1.0x pay: 40 hours, 1.5x pay: 41-60 hours, 2.0x pay: 61-80 hours; capped at 80 hours, $2,000 housing bonus
so citi
Sell Side Intern. 41 HR and 1.5x for OT per NYS law. No clue how it will be tracked yet.
BB Sophomore SA. $75k base, prorated. Additional pay of $18/hr for any hours over 40/wk. 2k relocation bonus.
MBB undergrad intern
$1750 weekly for 10 weeks, plus $1200 relocation bonus (pre-corona)
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