mbb summer internship relo bonus? do interns need to sell individual stocks?
interning at M
curious if there is any summer relo? find it a bit weird that zero bonus is offered at all, when compared to T2 consulting/IB
also for the internship, are you forced to sell any individual stocks that you have?
Based on the most helpful WSO content, here's what you need to know:
Relocation Bonus for MBB Summer Internships:
Relocation bonuses for summer internships at MBB (McKinsey, BCG, Bain) are not typically mentioned in the available data. However, for full-time roles, relocation bonuses are often provided and are based on the distance from the workplace. For internships, it's less common to see significant relocation bonuses, especially compared to T2 consulting or investment banking, where such bonuses might be more prevalent.
Selling Individual Stocks During Internships:
There is no specific mention in the WSO dataset about MBB requiring interns to sell individual stocks. However, in some industries like investment banking, compliance policies may require employees (or interns) to disclose or divest certain holdings to avoid conflicts of interest. It would be best to confirm directly with McKinsey or the specific MBB firm you're interning with to understand their compliance policies.
If you're finding the lack of relocation bonuses odd, it might be worth discussing this with HR or peers who have interned at MBB to get a clearer picture.
Sources: Management Consulting Salary & Compensation, Average Bonus in Consulting, BAML 2020 SA - Any updates?, JP Morgan intern switching divisions, Associates, when are signing bonuses paid out?, Signing Bonuses for 2020 Summer Internship
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