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Your friend is not in IB, my friend's offers in IBD/MBD are all prorated at 110k
R u sure? I saw the employment letter myself and them kids all in IBD…
Yes. For MBD, GS Growth specifically, doing 110k. For IBD, the offer I saw was for CMG
.
Other than this past year's bonus cycles, GS has proven itself to be extremely cheap (worked there for a number of years).
Goldman Discount?
prestige discount
GS is one of the only BBs that hasn't updated SA22 offer letters yet, my friend is also being paid 85k prorated base...
I believe JPM is the same for SA.
No, JPM is 110k prorated for SA don't spread false info
Maybe you should tell everyone that it’s 85k prorated, this is ur chance to finally be associated with GS
85k prorated but with overtime + other bonus/relocation fees so it's not bad? how does it compare to other firms
May get MS for this but the money you make as an intern is literally peanuts to FT pay at GS. Is pro rata 85K to 110K really going to have any affect on your life as a college student? Be grateful you got this opportunity, work your balls off this summer, and come FT you'll get an absurd check even by normal IB standards.
Have friends at GS receiving bonuses that are 2x base last cycle. Makes the SA pay seem a lil less important now in the grand scheme of things doesn't it.
It's not about that lol, it's about being able to afford housing and food.
$85K base + overtime + a $2.5K signing bonus is more than enough for housing + food for an intern. Get off your high horse.
Do you think IB interns were living on the streets before the base raise? I survived fine in NYC when I was an intern with 85K base. Don’t be so entitled, as an intern you’re literally being paid to simply learn while adding zero value.
Correct
You guys are acting like inflation is 100%
No one is asking you guys to live in a single at NYU, there are plenty of apartments to sublet in the summer for 1000-2000 a month range, and even 85k which we all had before you guys is def enough to afford.
As others have said before, you’re not even going to be paying for dinners, stop complaining for a difference of 200/300 post tax per paycheck which is literally what it’s going to come out as.
FT is a different conversation, but for summer interns you guys are crazy
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