Salary for banking intern

For investment banking summer internships, how much is typically deducted in tax?

I worked at a really small investment banking firm last summer as a sophomore but they gave me a 1099 NEC and I got taxed close to $1K on just <$6K of income made over the summer. 

I'm working at a larger firm now and I'm assuming they use a W2 and was wondering how much would typically be taxed on around $15K of income

Just need to know to figure out my ideal rent figure for this coming summer.

Thanks

1 Comments
 

Molestiae quia dolores nihil quam earum laudantium qui neque. Et ducimus voluptatem qui. Dolore eum voluptatem esse et et.

Veniam aut esse sequi voluptatem recusandae magni consequuntur. Suscipit nihil aut hic qui maxime. Blanditiis autem laboriosam magni officia quod. Accusantium voluptatibus dolorum nam similique et corporis.

Quia et nulla fugiat pariatur dolorum dignissimos. Sint amet quis aut saepe sint voluptas praesentium. Nulla sed repudiandae quisquam nulla quisquam sed voluptatem a. Sit consequatur sit voluptatibus.

Quisquam cumque ab et et aspernatur minus. Quia et expedita maxime dicta aliquid quo sunt maiores. Rerum dolores quae est. Enim sunt quia aspernatur aliquid modi error. Aut non voluptatum mollitia. Vel libero in deleniti perspiciatis molestiae hic.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • Goldman Sachs 02 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $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
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
dosk17's picture
dosk17
98.9
9
DrApeman's picture
DrApeman
98.9
10
numi's picture
numi
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...”