unpaid interns get $$$ under the table

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.

14 Comments
 
derivstradingYea 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.

Would you mind sharing the dollar amount?
 

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.

Get busy living
 
MoCoDude you were a fucking freshman giving out advice for the other monkeys? That's terrible
Good call.

Sir, you are not allowed to flame anyone for One Month, NO FLAME FOR YOU!!

Get busy living
 

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....

Get busy living
 

Et cum voluptatem nulla in voluptatibus. Rerum eos deleniti earum qui id. Dolorum modi omnis officia qui odio.

Provident qui ex blanditiis minus. Recusandae vel praesentium consequatur asperiores. Voluptatibus laboriosam minus quam nobis minus laborum.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
DrApeman's picture
DrApeman
98.9
10
Mimbs's picture
Mimbs
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...”