Hi all, just got an offer and curious as to what intern pay roughly should be. I know there are a ton of incoming SAs and those of us getting 2023 SA offers, so what is everyone getting / what should we be happy with? And do we have any say at all (Id guess not)?
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Whatever the first year analyst base is annualized so 110ish. You could always turn it down if it isn’t enough for you lol.
You got an offer with no pay outlined? What kind of bank is this
I’m wondering the same thing…
I got a SA 2023 BB CIB offer, 2.5k sign bonus and 80k prorated.
Seems low but im wondering if SA pay is usually lower than FT AN1
Is yours a commercial bank SA within a BB
Pretty sure it’s Shiti.
Corporate and investment banking at a BB
Is this JPM? That's low :[
Depends on firm. Most have same pay as analyst 1
Bump
Some banks pay by the hour too so people there make so much money!Like wells pays 40/hour plus OT so on a 65-70 hour workweek, you would take home like 3100-3400 a week so over the ten weeks around 31k-34k. This is not including them paying for your flight tickets and the bonus. I know MS pays 50/hour so they make even more. Hourly banks are the top of the line outside of the huge quant firms that are just insane
BofA pays hourly (at least for me). $31.24 per hour with overtime 1.5x.
Is this for SA2023 IB? Seems really low compared to other firms
Yes for SA2023
Other firms will pay more hourly up to 40hours, then pay .5 OT.
BofA for my 2022 SA is like 30/hour regular and then 45/hour OT
It ends up all being similar besides Wells. Wells pays a ton.
CS: 100k pro-rated (so 48.08/hour), with OT at 24.04/hour. Pretty happy about it.
is the OT premium added on top of the hourly?
Yes that is what time and a half means
Are you going to their FSG? Just had an SD w them
MF PE 99,000 base pro-rated no overtime
Wondering if this is below market level
Is this KKR? I sIgned MFPE for next summer at 110k pro-rated. Also no overtime.
Truist pays hourly ($48/hr with overtime 1.5x). Depends on the bank though. Wells and JPM pay hourly as well, but I know Barclays is prorated. Either way, you'll be making bank as an intern.
Don't think JPM has OT for the whole summer though, my letter says OT only for a "training period"... unless the entire internship is the training period and not just the first week of training
Lazard and Evercore: 120k prorated
CVP: 4.5k biweekly so comes out to 110k prorated.
LAZ is 100 pro-rated
For 2023
DB CB: 90k prorated, $43.5/hour
40hrs a week
2k per week
.
Not IB but AM for comparison (SA 2023).
BlackRock - $48.08 hr or $72.12 hr OT
MS 2023 / 36 hourly and 54 OT
Nomura is 100k prorated, with overtime pay, and 3k for relocation
Wells Fargo is 53 an hour for 40 hours. 1.5 for overtime. IB SA 2023
Around 30K pre-tax MM bank
Guggenheim is 110k prorated with a 2.5k signing bonus
TD Securities is 110k prorated, 5k sign on bonus, and hourly rate with 1.5x overtime
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