SA2023 Intern Salaries?
Bored and wanted to discuss. Post if you feel so inclined for your offer’s payment next summer. Size of bank and location would be helpful.
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Wells Fargo, $53 per hour, 1.5x overtime ($79.50 per hour), plus relocation bonus
Also got two other offers apart from WF, posting for more data: Chicago MM, $100k prorated; and NYC MM, $110k prorated with $3k relocation/housing stipend
Bro what, my WF offer was $40 an hour +$1400 signing.
When did you get the offer? The $53 per hour is because of the raise to $110k base for An1.
What location?
35 😭
Second - received a $53/hour offer for equity research as a SA in NYC.
Option for overtime and 1.4k (after tax) relocation bonus
Del
A sign on bonus for SA? Never heard of that
Every bank I know has a sign on bonus of around 1-2.5k for SAs.
Basically a relocation bonus
GS is still paying $85k for 2023 summers?!
In NY too, lol
Yes they are lmao. Will my salary be larger when I start FT or nah?
How do you get to $40/hr from $85k prorated? Wouldn't it be like half that? ($16k for the summer / 10 weeks / 70 hours = $23/hr)
Del
MM Tier 2 City 100k Prorated - no signing/relocation bonus
Same as above. No sign-on/relocation and 100k prorated over 10 weeks. T2 city as well.
MM- Chi 100k prorated no OT
Blair/Baird ?
PSC
BSB NY - $100k prorated($48/hr), 1.5x OT($72), relocation bonus
Point72: 125k prorated, 5k signing
Damn
EVR M&A NYC - $120K Prorated ($5K every other week) + $2.5K early acceptance bonus
TD Securities: 110k prorated, $35 p/hr and $52.5 OT // $5k sign-on bonus
Wouldn’t normal come out to $52/hr? Any difference for OT?
yea sorry i meant $52
Yeah wouldn't normal just be 52/hr? Do you still get OT pay or just 110k prorated.
110
Rothschild M&A NYC - $120k prorated. $2K signing bonus
MM IB Hou
110k prorated- no sign on
Rbc?
Which one?
BAML: 100 prorated + 2k signing bonus
My soph BoA SA is 76k prorated jesus
$76k prorated is still more than what I made in sophomore summer at a Fortune 100 company lol
Still super good as a sophomore but still feel for you if you're in NY
Still not too bad given you're in a sophomore banking program. Id look at it from an angle of leverage to go to some upper level BB's
You’re a diversity sophomore likely adding even less value than most interns (on account of being younger) and probably won’t work at BofA next summer.
I would also pay you less
NYC MM - 100k pro rated. No relocation bonus.
.
Blair, Chicago 110k prorated. 2k bonus
Jefferies NYC $110k prorated, no sign on, travel may be expensed
whats hourly?
Takes for fucking ever to get it back if you expense. I booked a flight on my own dime 2 days before they sent the link to book the flight in their system. Still haven’t gotten reimbursed lmao
BAML NY 110 prorated over 60 hours. 30 and hour and 45 for OT.
Lowest pay I’ve heard for SA 😔
Hey man, at least people will know we are bank tellers
Canaccord Genuity pays $17/hr and 1.5x for OT
Lol bro I'm getting 80 from BAML. Count your blessings.
Fidelity (Research)
$40/hr, 1.5x OT, $5k relocation
Do you know if it's still $40/hr? Can't find info on their website and will be interviewing for this role
JPM 110K prorated. 2.5K acceptance, 10K when you finish.
Fuck u mean 10k when u finish
You heard that right. 7.5K when you finish the summer, and 2.5K if you accept full time.
Answer the question now
are they calling that a “scholarship”?
life is good
.
Bruh
What does this come out to for the whole summer... goddamn
False, OT is 0.5x not 1.5x
Citi, 95k prorated, OT, 2k signing bonus
Jeez, thought 100k pro-rated with no signing bonus was good... 110-120k with 2-5k signing bonuses is ridiculous.
Ikr… Thought 100k prorated offer was gonna be the standard.
FTP 140k + the joy of being in paradise
105k prorated, MM T2/3 city, no signing bonus
HL?
MS is 110K prorated, $52.88 an hour, with 0.5x OT and a $2,500 relocation bonus.
For sophomore SAs it’s 75k prorated with 0.5x OT and $2500 relocation stipend. I don’t understand why sophomore prorated is lower?
Bc y'all are marginally dumber and marginally more useless than the rising seniors.
Barclays: 110 prorated, 2.5 relocation
Japanese CIB
41/hr
1.5x OT
2k signing bonus
nomura?
Probably not, my Nomura offer was $100k prorated
MM energy 110k prorated, 2k bonus
Can you DM which firm?
Jeffries?
MM chi 110 prorated + 2.5k sign on
Mid Tier BB Soph SA: 80k prorated (22/hr 33/hr for OT) no signing bonus but 2,000 housing stipend.
Gonna be homeless in NYC 💀
I know this is BofA Soph and let me tell you it’s worse than you think because the housing stipend is taxed @ ~50%, I only ended up getting $1K for housing - so save up prior to the internship because you’re going to have cash flow problems
Damn they stretching you thin wtf
Del
MFPE 110k pro rated
Which one?
$140k prorated
Lmao stop calling it signing bonus, its your relocation stipend and it gets taxed at 48% get off your high horses interns you haven't made it yet. (Coming from a fellow intern)
you're flaming other people but think withholding = taxes lmao
CS:
110K prorated (55/hour) + 2500 relocation stipend + expensed travel (flight to and from + ubers to and from) + 7500 scholarship
Downside: OT is only 0.5x :(
BB, $53/ hr, $1400 bonus, Houston
o
Silicon Valley Company (M&A)
$38/hr
$1.8K monthly housing stipend
$5K bonus
San Francisco
dam thats fire... 1.8k monthly house stipend
-
thats fire
MF NYC $110
Does ur name begin with C?
MM 100K prorated - $2500 sign on.
Gonna be making $53 an hour next summer and I’m fighting with my current boss rn over raising me from $11.50 to $12… FML
BofA - 110k prorated + 2k Housing Stipend
It's based on a 60hr work week, so 30.22/hr and 1.5x OT
BoFA is really taking us for graanted. The 20 extra hours we work to make 110K ...people at other banks will be raking in OT with that.
-
Wells fargo might be $53 an hour but I would take lower pay at a BB any day of the week. Its literally 10 weeks vs the rest of your life. Longer term career move is def bb over wells even tho pay is less.
Most WF SAs would agree with you lol, pay for summer doesn’t really mean much
what if you have no intention of ever switching?
Seems that a lot of BBs are now paying 110k prorated (53/hr) + 1.5x OT so Wells doesn't really pay better anymore
I don't know of any BBs paying 1.5x OT. Most if not all are 0.5x OT.
“Rest of your life” it’s one summer dude half the people decide it isn’t for them anyways
Stop being such a hardo virgin
BX/KKR/APO $110K prorated - minimal moving stipend
D.E. Shaw - $150k pro-rated, 1.5x OT (over 40 hours), $7.5k signing, $5k housing
Have an offer from P72. What they're stating seems broadly in line w what HF summers offer but on the higher end for sure.
Cap?
God damn
Wow
BB NYC $54 regular, 1.5x OT, sign-on 2K but no relocation bonus
What BB and why 54 lmao? Everyone I've seen is 52.88.
Truist NYC, $48 per hour, 1.5x overtime ($72 per hour), plus 3k relocation bonus
is this for ER or IB?
MM coverage, 22k. I think it's ~110k prorated.
NYC Boutique, $100K prorated.
No name boutique 110 prorated
Gonna be working in California with a 110k prorated salary. How am I gonna be taxed and how much can I expect to take home?
Look up the smartasset tax calculator for your state. It will give you your paycheck amount, but you can from your estimated yearly earnings you can then find the difference in collected tax rates vs your actual EOY taxable income. - which will allow you to calculate roughly how much your tax return will be.
Sales and distribution at a MF, $52/hour, no overtime, $7500 signing/relocation bonus
200k prorated, small buyside
Crazy, how was recruiting for it, if you don't mind, and do you plan on staying full-time?
Without doxing, as thorough as you'd expect lol will strongly consider staying FT
Houston BB 110K prorated (53/hr) 2k signing bonus
$73,000 USD Prorated
Citi Commercial Banking
London
BX/KKR — 110k prorated, paid travel to and from with ubers
Just say KKR or BX. Who's going to track you down from just that info?
MF PE 130k pro-rated, paid to travel for relocation. 25k bonus.
Which mf is being this generous wtf? Apollo? Mine was just 110k prorated and no bonus.
Genuinely wondering is 25k a typo. Did you mean 2.5k? Either way, congrats.
JPM PB, 100k prorated, 2.5k relocation, unsure about OT.
bump
MM Tier 3 City - $48/hr
$100k pro
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