How much u interns at mm ib getting paid?
How much are interns at MM investment banks earning?
How much are interns at MM investment banks earning?
| +379 | Evercore Intern Seizure | 56 | 1h |
| +74 | JPM M&A is Gone??? Purely Coverage Banking??? | 33 | 1h |
| +62 | Is DCM actually underrated ? | 26 | 23m |
| +53 | How do I understand vs. just memorizing? | 9 | 2h |
| +48 | Losing my personality in Banking | 9 | 1d |
| +47 | Are all Tech / TMT groups sweaty? | 38 | 1d |
| +42 | Associate & Above IB exits | 16 | 4d |
| +33 | Incoming IB Analyst: Best Ways to Prepare? | 11 | 8h |
| +27 | Which groups are ideal for laterals? | 12 | 1d |
| +24 | Thoughts on PEI Global Partners? | 4 | 2d |
Career Resources
70K prorated is pretty standard if you're at a brand name shop, 1K-2K "relocation/housing stipend" (AKA signing bonus). Comes out to about $15K all-in for 10 weeks (pre-tax of course). However, it varies a lot for MM banks. Top MM like Piper Jaffray, Houlihan Lokey, Evercore, Robert W. Baird, Lazard will pay the same as the street. Other, smaller MM boutiques might not pay you as well.
Expecting some significant backlash for the previous poster for putting EVR and LAZ in the same category as Baird, Piper and HLHZ...
I have a couple friends in mm, they all make street salary - 70k for a first year analyst. If you're at some garbage boutique doing laundromat acquisitions in Tampa or something you'll probably make less, idk, I don't know anyone doing that. If you work at a bank you have heard of, you'll make 70k salary.
Bonus might be smaller in mm, I don't really know.
I see that happening too, s2t, though it's not like the others are any joke
appreciate the responses. I'm working at a 6-man shop but we get a bunch of deal flow (4 deals each about 15M EBITDA) and I'm fairly certain they are gonna offer me a position for the fall and FT next summer. I'm wondering how much those size of banks typically pay base+bonus?
Thanks!
Optio at beatae voluptatem sed et. Unde qui error sapiente excepturi officia dolores. Earum animi debitis impedit maxime cumque. Rem molestiae aut mollitia. Nesciunt pariatur laboriosam molestiae quis occaecati.
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...