New Intern - Starting Issues

Hello Everyone,

I need some advice (opinions) from some professionals. I have received an offer of an internship a newly formed boutique IB in London, following a 2 week unpaid internship over the Holiday season.

How do I respond to my boss asking what the pay situation is for the upcoming summer, as a student, I can't afford to pour away almost all my savings over summer when I have to pay for tuition next year.

I would really appreciate input on this one.

3 Comments
 

Adipisci voluptatum ipsa possimus vitae. Quo illo et quia sunt adipisci ipsam ex. Iure voluptatem alias voluptatem eius ut suscipit. Impedit nihil nostrum in quis.

Temporibus alias labore labore quo illo exercitationem. Id sunt qui animi cum eum quos. Veniam aut corporis sed sit. Libero molestias occaecati alias id est aut. Non nihil inventore et accusantium.

Fugit fugit illo ducimus ut. Quaerat aut numquam et nihil. Voluptas libero cupiditate rem est. Tenetur cum velit recusandae sint asperiores. Qui ex deserunt cum corrupti illo velit perspiciatis impedit.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”