Know most people’s summer stints are wrapping up, curious how much everyone was able to save this year. Mostly curious about NY/SF but any datapoints are welcome. If you managed to save a lot, any tips?
Also, what’s y’all’s perspective on blowing all your SA money or saving it?
| +131 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 25 | 14h |
| +113 | Americas M&A League Table Q2 Updated | 53 | 3h |
| +75 | Wealthy Parents / Jaded | 24 | 1d |
| +59 | How are hours rn for SA (interns) | 31 | 1d |
| +58 | A COMPLETE GUIDE TO SUMMER INTERNSHIP RECRUITING | 11 | 1d |
| +43 | Boutique firm wants access to my LinkedIn? | 38 | 30m |
| +33 | Investment Banking in Mexico | 9 | 1d |
| +30 | Investment Banking is Hard | 13 | 2h |
| +23 | Restructuring: Anti-climactic Experience | 3 | 5h |
| +21 | Excel macros for QOL formatting | 0 | 4d |
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.
I blew all mine on a trip to France lol.
I do recognize I come from a slightly more privileged background. My parent paid for all of my tuition without loan and I didn’t need to pay rent in my internship.
That's not just "slightly" more privileged
12k. I’m international so wasn’t paying social security or medicaid tax. Gonna wait for that sweet tax return next year
Damn 12k sounds good. Were you purposely trying to save as much as you could?
Spent 100% of it. Bought an Omega Speedmaster and went on a sweet trip to Europe with my college buddies. Don’t regret it one bit.
Not much. I’m too young to be financially responsible.
Based on the lines outside Phebes and the Spaniard I say it was all blown
I saved around 3.5k last year which was pretty low, spent a bunch of shoes/clothes. Ended up spending the rest and more on a housing deposit and a europe trip before I started, best decision of my life.
As of right now, have around 15k left. I am on a full-ride and international, which for the first time in my life is helpful.
How much less would you have saved if you weren’t international? Also how did you manage to save so much? Did you go out for drinks and shop less or something?
I saved on some of the deductions I believe but am not 100% sure about the American tax system, just know my paycheck came out slightly more than my domestic peers. I went out and cooked most of the meals that are comped by the firm (buy 2 meals for dinner on seamless and weekend meals are comped). I also paid less than 1.5k a month in rent because we had a bunch of roommates.
Know a guy who saved ~30k last summer. Interned in CLT where COL is low compared to NYC and SF. As for me....I have abt $2k left haha
The guy you know is a liar. Even if it was a 12 week internship at a bank with 120k base. He’s only making 27k before tax or any other expenses.
Maybe possible with OT at a balance sheet bank. Gross could've easily been 50k but hard to imagine they saved net 30k.
Well, I was shown the bank statement and you werent lol. Ig it shows that you're obv at like a PNC or smth if youre not seeing money like us.
Around 10K, had rent paid by family as a gift so that was amazing help and otherwise didn’t have much time to spend it.
Gonna invest the rest and maybe YOLO 1K in intraday options
I gambled it all away during my internship
Saepe qui omnis nemo quis ut. Non et eum et odio aut magni. Delectus iure sed exercitationem eligendi minus.
Aperiam quisquam quia et voluptatem mollitia non. Consectetur aut in dolore quo omnis. Omnis possimus nobis tempora itaque nemo eligendi optio. Sit perspiciatis sint eos et voluptas nihil. Itaque non vero tenetur modi.
Vel voluptate voluptate natus rerum asperiores explicabo. Dolorem optio sint rem eum quia velit consectetur. Modi natus quisquam facere voluptas voluptatem aut. Omnis illo sed rem commodi distinctio pariatur ipsa.
Et velit distinctio atque error repellendus. Debitis ut optio voluptatem aliquam. Est error voluptas ad veritatis. Vel accusantium ipsa esse voluptates sunt tempora. Ipsa ullam unde eius vel culpa labore. Autem mollitia neque aperiam officiis ut.
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...