I did an off-cycle internship at a no-name boutique while I was in college. My comp didn't even cover the expenses I incurred to commute to the job. My hourly rate was about $2/hr, and that's BEFORE tax. While I suspect you'll be getting more than this, the point is it can vary widely.

As for a base, I wouldn't expect 60k. I'd probably expect something along the lines of 45-55k. Your bonus will likely be lower as well. On the flipside, I wouldn't expect the sort of hours that you hear about on this forum. Allnighters will be extremely rare and you'll likely have substantial free time on the weekends.

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