With the recent IB analyst pay increases across the street, did summer analyst salaries also get an increase or are they still around $85k prorated?
If you did have your salary increase please let us know what firm! Thanks!
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Bump
Wasn’t increased, but I’m sure next summer they will be.
I wish … every 2022 SA offer letter both my friends and I have gotten have clearly stated the pay. Once an offer is made, I don’t see how how (or even why) they’d increase it
I’m at a UMM M&A IBD and make $20 an hour for 9-5 and $30-40 for after hours.
I prefer hourly for SA roles since I don’t mind working till 12
What MM shop pays that low? I have 10+ friends interning at MM places this summer and the lowest any of them is getting is $30/hour normally and $45/hour OT. Most are getting 35-40/hour regular.
Isn't that basically the same? $85,000 annual salary comes out to about $1635 per week, which means if you work a 60 hour week it's $27/hr and if you work an 80 hour week it's $20/hr. Seems like that MM is about the same. If you work 10 hours it'd be $160 for 9-5 and $60 for 5-7 which comes out to $22/hr
what is UMM banking? Do you mean like Houlihan, Piper, Baird?
Interested
Can confirm summer 2022 IB is 100K prorated for Piper, Baird, and JPM
Source for JPM? Have not seen updated offer letters yet.
Got my offer letter last Friday for 2022 SA from JPM and it said 85K pro-rated. Analyst did say that it would be changed later on.
Let's be honest, what have summer interns really done to deserve a bump.
My bank is prorating the increase for 2021 summer interns
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