Yeah, the $2k was a "housing allowance" just as my $10k for signing FT is a "relocation allowance." Bonuses by a different name; you get them in cash.

EDIT: I just re-read the topic. I got the bonus about 2 weeks after I started the internship, so not at the end of the summer.

 
Intern:
Yeah, the $2k was a "housing allowance" just as my $10k for signing FT is a "relocation allowance." Bonuses by a different name; you get them in cash.

And by cash you mean in a paycheck less applicable withholdings. Don't want to mislead anyone.

 

some shops make the amount of the bonus dependent on whether or not you get a full-time offer to return (doesn't make sense to pay someone money that you aren't hoping to take on full-time). i remember other firms tying a portion of the payout to whether or not you signed on full-time (i.e. - $5K bonus, with the other "expected" $5K to be received with your regular sign-on bonus, should you join them full-time).

 

Doloremque repellat ipsam aut qui libero est quia. Itaque voluptas saepe aut mollitia. Consequatur in tenetur tempore animi pariatur. Ut recusandae ab quis quibusdam assumenda dolore. Corrupti expedita magnam ipsum qui id. Repudiandae minus optio optio qui tenetur facilis aut.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”