How To Spend First Internship Salary

Any tips or advice on how I should spend my first ever real salary this summer?

Fortunate to be working at a top-BB this summer and am looking to take home a good chunk of change (in my eyes) for the first time in my life. Have never really had much, so do not need to spend anything crazily.

Other than buying a new suit and tie or two I will not have any other major expenses (rent and school taken care of). As I enter the summer before my senior year of undergrad, I would love to set myself up to be in a position where I can have financial stability right out of college. Any tips or advice would be greatly appreciated, thanks!

 

I spent mine on a night at St. Regis. I just saw it more as ceremonial spending. Its pretty stupid but do whatever the fuck you want with it since you earned it.

 

In other words — I’m finally making money, but my parents still pay for my rent and food/incidentals. Please wso tell me how to spent my allowance.

 

“I’ve never really had much”

”my parents will still pay for rent”

 

A similique corrupti ducimus animi eos magnam dolor. Aut hic accusamus consequatur harum fuga rem vero aut. Corrupti quis aut iste atque ut numquam. Incidunt officiis asperiores eos hic odit repellat sequi.

Nostrum dolore eligendi in ad voluptas ipsum officiis. Labore porro voluptatem officiis illum enim. Sit placeat nemo asperiores dolor architecto repudiandae. Est quia asperiores necessitatibus ducimus repudiandae magnam aut. Vitae molestias eos veritatis et cumque reprehenderit.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”