Housing Stipend for BB IBD Intern
Do you have to show where you are living and such, or are you given it automatically (MS GS JPM). I will be living at home and am wondering whether I will still receive the stipend...
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Dude I get that it makes more financial sense to live at home while you're interning if you can...but you'll be getting enough comp to put yourself up in the city, away from your parents. 10 weeks living by yourself in NYC (or whatever city) while working at MS GS JPM...why would you want to live at your house?
Fuck you
Do not live with your parents. Trust me, if I could do it again as a 21-22 y/o and not a saltier former Marine who commuted, I would go into debt to stay in the city.
SA housing stipend (Originally Posted: 03/10/2011)
Is the housing stipend paid out to all SAs no questions asked? For instance, if somebody does not need to relocate and are going to continue living where they always have, do they still get the stipend?
Usually a housing stipend is payed out in the form of a signing bonus. So, yes.
It's a bonus, they just call it a housing stipend for appearance + tax reasons
I only got $1,000 for a housing stipend? I've read here that going rate is $2,500, or are those high figures?
$2,000
Not necessarily, my roommate accepted an MS Operations internship and they sent him paperwork acknowledging a $2000 'housing stipend'
I got no housing stipend @ BB...Does everyone?
I got $2500
Anyone have any ideas on cheap places to live in the Financial District?
My house is in the city, my bed is comfortable, and I love a home-cooked breakfast. Also, I figure all I'll really be doing at home is sleeping. Anyway, regardless do either of you know the answer?
And the nights that you want to go out.. isn't it a little uncomfortable going home a) with a girl b) shitfaced?
I did it all of high school...
...said the 21 y/o virgin at MIT.
Congratulations. You just became That Intern Still Living with Mommy and Daddy.
Can we just cut to the chase? I'm planning to live at home, do any of you know if I will still receive a housing stipend?
Most likely yes. I think most BBs specify a $2,000 "relocation" stipend in your offer letter. I don't think they'll ever verify where you're living.
They don't care. You'll get it regardless.
Yep. It's basically a signing bonus.
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