$9000/month Summer Analyst!!!
(Senior Monkey, 66
Points)
on 12/10/10 at 7:27pm
stumbled across wharton's 07 summer employment report and noticed that he salary range for financial services peaked at $9,000!! is that possible?





Sure it is. I saw a wharton
Sure it is. I saw a wharton MBA report where someone made $400K BASE straight out of school. Granted I realize that this is for undergrad, but talented wharton kids have their pick of the best finance jobs.
I remember hearing about or
I remember hearing about or maybe even reading on WSO that some undegrad made just under $40k in a 10 week BB SA stint in IBD because they paid by the hour. I'm still undecided as to whether or not I believe it, but $9k is definitely possible.
^It definitely happens. Some
^It definitely happens. Some BB regional offices (i.e CS LA) will pay 1.5x overtime. Over a 10 week stint, SAs can make like ~35-40k gross
can verify this.
can verify this.
I forget the details, but
I forget the details, but BofA at one point had some summer compensation deal where you could bring home 30K if they worked you hard.
One of those lights, slightly brighter than the rest, will be my wingtip passing over.
DE Shaw can pay $300K
DE Shaw can pay $300K straight out of undergrad.
I made $20K at my summer
I made $20K at my summer banking internship because I was hourly, and got time and a half for all hours over 40. Really adds up when you pull 90 hour weeks. HR didn't know what they were getting into when they put the banking interns in the same pay bucket as all the other interns, heh. I was making a higher base than the analysts in the cube next to me :)
- Capt K -
"Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
90 hours as a summer?
90 hours as a summer?
makes me want to reconsider
makes me want to reconsider my targets, who pays hourly?
I love Finance!
I love Finance!
Stratus wrote: DE Shaw can
DE Shaw can pay $300K straight out of undergrad.
Lol. This is urban legend. DE Shaw does not pay $300K for someone straight out of college.
diamond wrote: makes me want
makes me want to reconsider my targets, who pays hourly?
Don't pick a firm based on this; an extra 10K over the summer is insignificant in the long run. But one of my buddies at Morgan had some kind of semi-hourly compensation deal (I forget the details).
One of those lights, slightly brighter than the rest, will be my wingtip passing over.
before tax i pulled in 24k
before tax i pulled in 24k this summer. some other kid who padded hours on a weekly basis (not that anyone checks/cares) pulled in close to ~30 (pre-tax). after tax its a bit more than half of that amount
$9k/month? I would imagine
$9k/month? I would imagine these numbers are only from BBs???
Know someone who made $30k
Know someone who made $30k over a summer (10k a month), in undergrad. Hedge fund though.
Stratus wrote: DE Shaw can
diamond wrote: 90 hours as a
- Capt K -
"Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
OK I've had 3-4 college kids
- Capt K -
"Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
Citigroup, UBS, Credit