I'm a freshman and will be working unpaid at UBS PWM this summer. I'm wondering if anyone who was done unpaid freshman PWM internships ever got any money "under the table" as the saying goes. If not then this summer is really going to suck.
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I've herd of individuals that had unpaid PWM and were paid "under the table" by the advisors they were working under. If this is the case, I would assume the FA your working for would have brought it to your attention.
Yea when i did an unpaid internship i got minor compensation at the end that was labeled 'beer money'
Depends on a case by case basis, I think most people will cough up because you will be there everyday for no pay.
i've gotten 500 per month for 'transportation'
I don't think a major investment bank is going to pay you "under the table."
I don't think a bb would do that, but could be wrong
They may find a way to disburse money to you, as mentioned above 'transportation costs' or some other such helpful bullshit. When I interned for free, the company wouldn't let non employees into the building, so they signed me up for minumum wage so I could get a security clearance. BBs have the money, so talk to them......
Otherwise, IMO, working a part time job only adds to your credibility later on as it demonstrates your work ethic.
My FA slipped me a few Benjamins after my ten weeks were up haha
It happens, but I definitely wouldn't expect it
Dude you were a fucking freshman giving out advice for the other monkeys? That's terrible
Sir, you are not allowed to flame anyone for One Month, NO FLAME FOR YOU!!
getting paid under the table like a migrant worker, by one of the biggest banks in the world, would. be. fucking. awesome.
Seriously, if anyone pulls this one off, I wish they would post it. The only thing sweeter would be getting paid by the gov't under the table for work done here....
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