Question on my paycheck as summer intern?..

I am making 48/hr and 72/OT , and i'm curious how much OT I will actually be making (i know this depends on what bank and if its a busy week etc).

I'm asking in terms of budgeting for an apartment this summer and my expenses in New York. I'm curious what other interns have made in their internships in the past and how I should be budgeting.

12 Comments
 

Ignore title but am in same spot as you. I am budgeting my rent with the expectation of zero OT - and if there is OT then it will just go to savings or the going out fund. Current place I found is ~1700/month so will hopefully save quite a bit.

Update: The place is called "Hotel 17" and can be found on Airbnb.
             They increased their price to ~1,900. 

*Note* 1. They only offer 8 week stay so you would theoretically need to make two airbnb accounts or two bookings if they let you. 

           2. It looks nice in all the photos but I had a family member tour the place while they were in town and they didn't speak well of the bathrooms. He literally offered to pay the difference of my rent between H17 and NYU so be warned bathrooms could be a gamble. 

 

Est eos ut impedit exercitationem pariatur. Odit nemo reprehenderit dolorem. Id quis sed qui maiores molestiae voluptas et. Voluptatibus facere non asperiores exercitationem nam veniam laborum itaque. Ut eveniet eius culpa nisi qui molestias magnam. Numquam consectetur et quasi atque animi officia consequatur.

Deserunt autem velit numquam distinctio omnis et animi labore. Nemo voluptas et perferendis velit facilis. Debitis rerum eligendi voluptas explicabo.

Consequatur dolores similique exercitationem illo. Autem fugiat eius officia rem. Et illo voluptatibus voluptas suscipit ad. Eum voluptatem eveniet optio repudiandae. Quia a sit consectetur sit et et sunt.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (56) $261
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
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...”