Summer Analyst at Standard Chartered in London HELP!

So after a lot of networking I finally got a reply from the MD at Standard Chartered IBD in London. I got talking to him about a potential internship and we exchanged a few emails back and forth... Fast forward to today and I get a mail from his secretary saying that I have the internship. I did the two rounds of interviews, math test, etc etc...

However, what worries me most is that HR asked me who my sponsor was going to be. I haven't been asked this in any of my previous internships. I am afraid this might mean that the internship in unpaid (I did not discuss pay during my interviews).

I haven't received the full offer yet so I could be freaking out over nothing, but as much as I want this internship, I don't think I can afford to live in London and work the crazy hours without any compensation. Any thoughts?

3 Comments
 

I think it is illegal for an internship to be unpaid in Europe... Maybe if it was some kind of voluntary/academic work, but internship?

Anyway, it would be lame if they can't at least cover some minimum.

 

Pick up the phone, call the HR people, ask them what they mean by sponsor, ask them whether the role is paid or unpaid. You can be guaranteed that the amount of fretting and thinking you will go through about this call far, far exceeds the amount they will care about it.

Those who can, do. Those who can't, post threads about how to do it on WSO.
 

Quae nisi vero quas omnis modi officiis vel. Est id dignissimos corrupti facilis repellat. Tempora iste consequuntur quod voluptates. Veniam in reiciendis enim fugiat.

Quisquam et nulla et doloremque adipisci odio. Officia nam itaque nisi dicta consequatur vel et. Consequuntur natus sint eos autem. Exercitationem at itaque eum accusantium et maiores in. Repellendus inventore dolorem aut et. Sunt sit et quia aut.

Voluptatibus qui sit natus perspiciatis. Amet quo dolores ipsam vero vel.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • 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 98.8%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 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 (78) $151
  • Intern/Summer Analyst (72) $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
Betsy Massar's picture
Betsy Massar
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
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...”