How Much Would You Pay For An Internship (Serious)?
I think given the difference in earnings in high finance and other careers and tacking on the follow premiums:
- Prestige premium (social, emotional, professional benefits)
- Time saved on recruiting premium (hundreds of hours worth)
- Mental health for not going through this hellish recruitment cycle premium (invaluable)
- Physical health for not going through this hellish recruitment cycle premium (invaluable)
I would pay the following for an internship (with no return offer guaranteed, just to have it on my resume)
- $7.5MM USD for top HF/PE MF front office internships
- $6MM USD for reputable Private Credit/VC front office internships
- $5MM USD for BB/EB IB front office internships
- $2MM USD for MM IB front office internships
- $1MM USD for regional boutique IB front office internships
This is a serious post, I believe the difference in lifetime earnings between having one of the above internships and not is worth roughly the amount stated for each internship type. This is AFTER applying a discount rate roughly equivalent to the long-term average returns of an all-equities portfolio of lifetime earnings differential back to the present (age 21-22). Obviously this is assuming NYC, there will probably be a 20-30% discount for Tier 2 cities (SF, Chicago) and lower (Boston, Houston, LA) and a deeper discount for non-US locations (assuming developed like Canada/Australia/EU).
who tf is slinging MS at me??
🙋♂️
I woulda paid you 2/20 to stfu
You need a drink and some women brother
A mindset shift to being interested in actually making money instead of just buying everything you think you want… that would be way more valuable for you.
Do you know how many Midwest ma & pa hvac companies you can roll up for $7.5m
The real question is : is it your money or your parents money?
If it is former, you don’t need to work in high finance.
If it is latter, people don’t realize how pathetic of a brag it is to flash your parents money.
It's the amount of money I would hypothetically borrow from my future self (go into debt)
This is retarded
I would’ve gladly sold my MM Internship for $2mm 😂😂 those numbers are jokes
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