2022 Summer Analyst Earnings
Last check just deposited for SA. What are everyone's pre-tax earnings from the summer? Pre-tax for comparability and because intern pay is withheld at a high rate.
Trending Content - Investment Banking Forum
| +330 | Return Rates For Interns Are Falling? | 139 | 1h |
| +148 | Article: Why UBS's Asian M&A bankers are thriving and UBS's American M&A bankers are not | 17 | 1h |
| +132 | Evercore > Goldman and I don’t think it’s particularly close anymore | 53 | 1h |
| +123 | I am a drunk MD AMA | 40 | 1d |
| +86 | UBS Offer Day | 30 | 17h |
| +66 | I hate Wells Fargo | 19 | 3h |
| +57 | An Outsider’s View of RX Banking Out of College | 6 | 6d |
| +51 | Santander IB? | 10 | 2d |
| +49 | No return offer - feeling like a failure is an understatement | 19 | 12h |
| +43 | WF Return offers | 28 | 1d |
Career Resources
Around 33k pretax at BB NY
40K pre tax, overtime be hitting
CA?
At GS and $25k pretax… interns are $85k pro rata and only paid 1/2 normal rate for overtime.
So you get paid less money for everything past 40 hrs? Are they incentivizing you not to work overtime?
Yes, 0.5x past 40 hours. So essentially half, or more than half of total comp was from OT
Can anyone explain the justification for 0.5x--can't really understand why that would be the case
Math checks out. Some people prestige whore hard enough that GS can pay like this and people will still want to intern/work there.
And, frankly, the post tax earnings delta over SA is peanuts compared to the career that a platform like GS could provide you. The OT rate shouldn't factor at all into a prospect's decision of where to intern/sign.
19K at JPM: no OT lol pain
23.5k at GS. Prorated at 85k and 0.5x OT
45k pre tax, ot was heavily utilized
52k pre tax at wells NY
Holy — did they work you to the bone or was your pro rata/OT rate just that good?
Wells pays 1.5x on $53/hr
Gotta be cap, I also got payed the same rate and this kid woulda had to work 90-100 hour weeks. No way in hell Wells Fargo has that much deal flow or work for an intern
BofA?
26k at CS
a little less than $20k pretax at JPM. adding signing bonus would be $22.5k
Post tax sf — 24k pocketed
Ut ut id neque et molestiae quae. Officia sapiente aut magni molestias.
Eaque voluptatem aperiam dolorum in et. Reprehenderit provident aut dolores. Tempora qui et adipisci ducimus rem maiores dolorem. Et et laborum error sed. Tenetur iste perspiciatis quia voluptates nostrum sequi. Quis dolores voluptas voluptatem consequatur rerum.
Distinctio non laborum sapiente illo reiciendis. Nobis nulla sint eos nulla odit fugit est. Dicta sed et voluptatem omnis dolor rem necessitatibus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Et eos ipsam quidem. Ut praesentium sit et a nemo veritatis minus. Maxime quia quia voluptatibus sit nostrum quasi.
Earum optio earum dicta eligendi. Est vero eius quis tempore alias voluptas consequatur. Sapiente quam et consectetur voluptas adipisci unde dolore. Libero molestiae eveniet ea odio aut recusandae vero aliquam.
Eos facilis voluptate voluptas porro ipsum tempora aut molestiae. Error qui velit voluptatem alias sint eius autem. Labore magni magnam sed distinctio accusantium ut voluptatum.