highest paid interns?
Just curious... what is the highest you have ever heard of a college intern being paid for the summer? Please consider not only BB but also HFs etc.
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if one gets ot billed it can get pretty high for a BB.
dont know about hf or pe where it was substantially more
http://www.businessweek.com/interactive_reports/best_internships_07.html
Though this is by no means a complete list of all high-paying firms, it's good data. Sorted by average hourly wage, UBS is on top. BP America has hightest total pay.
Interns in CS offices in CA make a shit ton of dough. Some weird overlap of CA laws for students/interns and CS intern pay structure.
Depends on where you live. If you live in NYC, your income is taxed about 37 percent by the time you see your check. The Business ranking is for 2007 before the recession, so that list is not reliable.
Also at some BB you get 2 bonuses from $1000-3000. with your wage The most I seen was a about $30 per hour for investment banking.
If you land an internship with GS, MS, or JPM; you are pretty much set to get any interviews with other banks in your senior year.
Some banks give overtime, which pretty much guarantees their IBD interns make about $30k for the summer, which for ten weeks pro-rates to $150k a year. I know some guys at top macro funds who were getting paid more than that, but those are serious outliers.
It's not listed on that BusinessWeek link, but Chevron pays pretty well apparently. $30+ per hour from what a friend has told me. Can't confirm for sure though.
I've heard as high as 2k a week excluding bonus, overtime, etc.
I heard $70k prorated for 10 weeks at AM firm plus OT.
$70k prorated is what I'm hearing for all BB SAs I know. Plus housing & expenses. Interestingly, this seems universal across banks, groups, and cities. My S&T pay and allowances are literally identical (to the dollar) to those of a buddy in the IBD at a different BB on the other side of the country.
The highest intern pay I've ever heard of, funnily enough, had nothing to do with finance or even business at all. A friend made $25/hr for 45 hours/week for a 12-week computer science internship at a startup (well, 10 years old anyway) you've never heard of. That's about on par with banking already, but he also got a cool $5,000 bonus at the end of the summer. Granted it was his second internship at that place and he's some kind of a coding prodigy, but making close to $19,000 in a summer is insane.
Not IB but at big law firms they prorate 165k, but at the end of the day first year associate comp is no better than a second year analysts all in despite being several years younger and without 210K in law school debt.
Highest paying internships? (Originally Posted: 03/04/2013)
I read that the software and comp sci field has recently overtaken Wall Street for the highest paying internships. The highest paying Wall Street ones on the list were about $5000. Is this accurate? Are there internships out there that pay more?
Some banks in Denmark often pay "min. 30.000 DKK", which is about 5.250 USD. You also get the bonus.
Not all positions of course, but yes, internships. Keep in mind that most of the internship programmes there require master degree tho.
Judging from this chart of Wharton Junior SA in 2011, there are definitely some higher paying ones. http://www.vpul.upenn.edu/careerservices/undergrad/reports/WHA_2012summ… The maximum one person got was 14,000...
Edit: There is more statistics for the finance field, most of the sectors in finance pay more than 5k a month on average .
I made $47,000 pre-tax as a SA at a BB in California. See the forum below:
//www.wallstreetoasis.com/forums/make-30k-or-more-as-a-sa
biglaw internships are 160k prorated
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