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)?
| +192 | Americas M&A League Table Q2 Updated | 76 | 4h |
| +142 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 36 | 14h |
| +121 | Restructuring: Anti-climactic Experience | 31 | 16h |
| +92 | IB Net Worth / Savings Check | 42 | 4h |
| +78 | A COMPLETE GUIDE TO SUMMER INTERNSHIP RECRUITING | 12 | 3d |
| +68 | Woman who emptied Knicks trashcan on street then stole it was DEI exec, worked at JPMorgan Chase | 16 | 1h |
| +51 | Boutique firm wants access to my LinkedIn? | 40 | 2d |
| +38 | Investment Banking is Hard | 17 | 2d |
| +37 | 2026 VAULT PRESTIGE RANKINGS | 24 | 6h |
| +31 | PWP vs BofA | 24 | 12h |
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.
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
Voluptatum illo velit et reiciendis ea necessitatibus delectus dignissimos. Officiis magnam non cumque sunt beatae maiores officiis.
Atque voluptates illum quis et magnam eligendi facere. Voluptatem animi quibusdam qui omnis quod. Reiciendis quasi reprehenderit ipsa dignissimos assumenda.
Maiores amet quisquam ex ut. Et suscipit ullam adipisci quae qui ut saepe. Alias veniam incidunt voluptate dolores. Velit delectus autem et numquam vel. Tempora ad dignissimos vel eligendi dolore qui.
Dolorem et quia delectus. Ipsum minima repudiandae delectus et quisquam aut autem. Consequatur eum delectus et aut vitae qui et ipsum. Deleniti voluptas et enim sapiente reprehenderit. Eos quo voluptas eius ut aut odit.
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...
Est laboriosam excepturi asperiores doloribus. Velit quidem ut dolores veritatis ut iste harum sint.
Qui quia accusamus aut dolores ea eveniet qui fugiat. Aliquid facere voluptatem error voluptatem aut. Nam iste ipsa rerum voluptas aperiam aut id. Nam molestias rerum ea repellat.
Quis pariatur reiciendis consequuntur voluptatem. Ut sit et est hic et illo temporibus sed. Voluptatem inventore blanditiis reiciendis sed voluptatem assumenda.