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April 30, 2024
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Asia has same pro rated pay as U.S. - however, you'll get to live in a hotel/receive a housing stipend for the summer, at least at a BB
This, if Mumbai is similar to Singapore & HK.
Just FYI - the pro-rated pay is based on the salary of analysts in Mumbai though, not the U.S.
Not sure about Mumbai. But my friend got $6k/month from a HK non-BB (think BoJ, BNP) and $8k/month from a BB in Japan. Both FO SA.
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Pro-rata is just a way of saying you're technically on a £xx,xxx salary, but you're only getting a portion of that as you're there for 2 months, etc.
It just sounds better to say £40,000 salary pro-rata for 10 weeks, rather than £7692. I'm curious as to which BB is offering summer internships for first years (freshman) - there's nothing of the kind in London.
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And thanks a lot, by the way. You're right; it does sound better, hah.
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