Hi there! :)
As you may already know from my other 1,000,000 posts, I am currently a college freshman, and I am on the verge of securing an internship, so I'm FUCKING HAPPY!
However, the firm wants to know what is my desired salary. Should I put zero, since I have no prior experience in finance? If not, then what should I put?
Thank you in advance for your help!
xxkdjxx
| +350 | Evercore Intern Seizure | 54 | 1h |
| +66 | JPM M&A is Gone??? Purely Coverage Banking??? | 31 | 1h |
| +58 | Is DCM actually underrated ? | 24 | 12h |
| +48 | Losing my personality in Banking | 9 | 12h |
| +48 | How do I understand vs. just memorizing? | 5 | 10h |
| +47 | Are all Tech / TMT groups sweaty? | 38 | 13h |
| +42 | Associate & Above IB exits | 16 | 3d |
| +32 | Incoming IB Analyst: Best Ways to Prepare? | 10 | 9h |
| +27 | Which groups are ideal for laterals? | 12 | 11h |
| +24 | The good and bad with Wells Fargo | 1 | 17h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
"Market"
Or if you are feeling extra ambitious .... $400k plus Carry
Yeah market works or just put "To be discussed". Thats what I usually did.
"Market or TBD" is fine. Usually for internships they know what they will pay you anyways.
Ask around, get an idea of what they have paid in the past. Or put the Market.
Can't go wrong with market
always try glassdoor.com to get an idea if you have no basis at all for salary, its pretty helpful and is a good starting point.
Desired Salary: Yes
Haha I don't know why but this killed me... I was thinking "Please!" in my head...
Thanks for all the responses.
I'll just put down "market."
Does your desired pay affect your chances for internship? (Originally Posted: 02/06/2014)
I'm a newbie to summer internships. I had no idea if they set pay scale for all interns. However, whenever I applied for any summer internship, it asked for "desired salary". To make sure my wage was not "outstanding", I simply found the average intern rate from Glassdoor.
This being said, does it hurt my application if I have accidentally asked for more then their rate? Or will I get the opportunity to be accepted and negotiate the value? Or does it in anyway affect my application chances? Thanks in advance guys!
fucking lol you're not actually supposed to give a number dude you're supposed to simply say "any amount would be fine as i really just value the learning opportunity" would not be surprised if you didn't get an offer
lol
Assuming this is for a bank, or some other large firm that has structured internship programs, there is zero negotiation for interns -- they pay you what they pay you.
Desired Salary Field (Originally Posted: 01/05/2015)
When filling out applications, what do you put here if they force you to put in a number?
I usually put the range of the salary I would expect to receive given the position and my experience. But that's just me.
"A pig every month and two comely lasses of virtue true"
Put "one million dollars" and include a picture of yourself shaved bald and your little finger up to your lip
"Desired Salary/Wage" when applying online (Originally Posted: 03/09/2013)
Have you guys come across any applications that have a section which asks you what you'd like your compensation to be?
I applied to two elite boutique IMD firms last night and both of the applications asked me to put what I would like for a salary/hourly wage. I put $0 for both since it wouldn't accept "negotiable" or something like that, but I was wondering if anyone has come across something like this.
Is there a specific thing these firms are looking to see in this answer? Keep in mind these were both for SA roles.
Don't answer it until you absolutely have to. That's my take. Better to let them put out a bid first.
I always put zero, also.
Question on application form DESIRED PAY!!!!! (Originally Posted: 09/28/2014)
Need a quick answer! I recently was selected for a superday at a BB and have to fill out some forms. One of the questions is desired salary. I know that this company is confirmed pay raise because of another thread here.
Should I leave it a)blank b)old rate (70K) c)new rate (85k) d) other amount
Honestly I would be fine with whatever right about now haha, but dont want to sell myself short on the off chance they take this question seriously. Love to hear some thoughts! Thanks in advance
"street"
thanks for the advice
Maxime consequatur ab debitis nostrum beatae est sequi. Perspiciatis unde non laboriosam.
Maiores iure cum et eaque explicabo enim. Voluptates laborum tenetur unde nemo sequi. Illum sequi consequatur blanditiis quidem non reiciendis rem sit. Delectus sit quaerat qui repellendus cumque aut eaque est. Quae illum mollitia quae dicta. Et ut ut qui quaerat dolorem doloribus deserunt.
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...
Earum omnis consequuntur veniam. Et mollitia neque cupiditate odio aut tempore et. Deserunt et minima veniam ut aut.
Accusamus molestiae rem culpa sunt molestiae. Neque nesciunt dolores rem rerum facere vel. Rerum et facilis aspernatur minima dolorem dolor perferendis.
Voluptatibus aut ut quia suscipit. Iusto sit quia quis ea explicabo earum sunt. Harum dolor unde iste rerum. Explicabo itaque aut quos sed deleniti sunt. Deserunt eos sequi veniam qui esse atque tenetur.
Ea numquam amet dolorem dignissimos illo nihil eius. Maiores culpa dolorem libero dolor. Ullam id rerum ut blanditiis a quidem quae aut.