Im a Sophomore undergraduate at a target school. I want to apply to summer internships at big banks but I live in Rhode Island so I would have to move for the summer over to NYC, and this fact is preventing me from applying from many jobs as if I do end up receiving an offer I might not be able to go.
I was wondering if these banks like JP Morgan or Goldman Sachs offer some kind of relocation package if requested.
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You won't get an extra relocation package if you ask, but everyone doing an internship at a big bank will get a signing bonus of $5-10k that you can use for any up front expenses. You'll also get paid the same as first years, which should be $85k annualized.
Most people doing internships in NYC don't go to school there/have parents from there so there's nothing special about your situation - it's easy to make it work.
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