New Intern - Starting Issues

Hello Everyone,

I need some advice (opinions) from some professionals. I have received an offer of an internship a newly formed boutique IB in London, following a 2 week unpaid internship over the Holiday season.

How do I respond to my boss asking what the pay situation is for the upcoming summer, as a student, I can't afford to pour away almost all my savings over summer when I have to pay for tuition next year.

I would really appreciate input on this one.

 

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