Intern Compensation

What's the standard for intern comp at one of the big boston-based asset managers (Wellington/Fidelity/BlackRock)? Is it typically the first-year base pay prorated?

(This is for a FO role out of undergrad).

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2 Comments

VikingGuy

AM

12y

Depends alot, I don't think its standardized. The place I worked (big and Boston based) paid $20/hour with overtime. They said the hourly rate had to do with some regulation. Ended up working 60-70 hours per week so I made a little over 15k, which is pretty close to first year base prorated.

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tctc33

HF

12y

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