Nov 06, 2017

Intern Rates

I'm from a non-target school and from a non target major as well so my exposure to this kind of information is minimal. I was wondering what are the hourly rates at BB-- the GS, MS, WFS, CS, JPM kind of places. And is it common for interns to get overtime and if so, at what rate?

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4 Comments

HendrixBanker

rough estimate but I'm pretty sure it is in the ballpark of $22-28/hr. Overtime I am not sure. I think it varies among firms/groups.

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I Banking MD Job Description

avenue

Concerning overtime:

IBD - fixed amount (not sure how this breaks down hourly, it varies depending on your hours)

S&T - there is overtime pay but it is backlog, so you get half your regular hourly pay for each hour worked overtime (35-40 if not more hourly)

Wealth Management & other divisions - time and half for overtime. (28-33 hourly)

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Debt Capital Markets Investopedia

thecoolkid1234

EB my pay this summer will be

$40ish/hr then $61/hr for overtime

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Authored by: Certified Private Equity Professional - Vice PresidentCertified Private Equity Pro

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Authored by: Certified Investment Banking Professional - 1st Year AnalystCertified Investment Banking Pro

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