Intern Pay Day
Dang... You got to love how the fight between IB and Tech for new talent is generating tangible $$$!
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Monthly salaries over the summer from the article:
Jane Street Proprietary Trading 16,356
Citadel Hedge Fund 13,933
Bridgewater Associates Hedge Fund 11,750
Akuna Capital Proprietary Trading 11,458
Cowen and Company Investment Bank 10,775
Point72 Asset Management Hedge Fund 10,750
D.E. Shaw Hedge Fund 10,417
Quantlab Proprietary Trading 10,250
Susquehanna International Group Proprietary Trading 9,951
Credit Suisse Investment Bank 9,450
Evercore Inc. Investment Bank 8,950
Citigroup Inc. Investment Bank8,695
Bank of America Investment Bank 8,468
Deutsche Bank Investment Bank 8,439
Millennium Management Hedge Fund 8,333
Goldman Sachs Investment Bank 8,333
Perella Weinberg Partners Investment Bank 8,233
Morgan Stanley Investment Bank 8,005
PJT Partners Investment Bank 7,773
Blackstone Inc. Private Equity 7,266
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
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