Internship Pay

I'm just curious what the average pay for an internship is for an ibank. Also, how much does the pay go up if the internship becomes a full time position and whether the pay changes depending on the department/group you're in.

My assumption is that it's pretty much the same across the different ibanks much like associate pay across law firms. Please correct me if I'm wrong.

 

I got an offer from a large BB and the pay is a 2000 dollar housing stipend which is taxed like a bonus so you only see like half of it. and its 70,000 pro rated per week plus overtime at some banks which is more like half time rather than time and a half.

 
MJP338:
with 2k housing stipend, 70k prorated, and decent overtime, you should see $20k PRE-tax. after a couple of these i learned to play with your withholdings a bit so that the gov't doesn't take a ridiculous sum out of each paycheck (they assume you make 24 of these a year, in when fact you're only getting 5 or 6)
How exactly did you do this. I have to fill out my withholdings and whatnot this week, so it would be nice to know what to do to avoid those greedy bastards taking more money out of my pocket.
 

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