What do banks pay hourly for summer interns in NYC?
Wondering what IB, S&T, or really any division at major banks pay their summer interns on an hourly basis?
Trending Content - Investment Banking Forum
| +214 | Coverage Banking is Paradise | 24 | 19h |
| +75 | My Motivation Is At An All Time High | 13 | 1d |
| +68 | London Recruiting is Paradise | 30 | 2h |
| +62 | Lost all ambition / don’t care at all anymore | 28 | 11h |
| +46 | Are Canadians still get jobs in the US? | 26 | 1h |
| +30 | Is 7 years in banking enough to retire, or am I delusional? | 23 | 3h |
| +29 | MM IB --> NYC IB? | 14 | 20h |
| +24 | Negotiating VP Sign-On Bonus (NOT Tied to Deferred Comp)? | 19 | 47m |
| +23 | Lawyer moving into Banking | 18 | 1d |
| +21 | "Don't include firm in Cover Letter's file name" | 9 | 6d |
Career Resources
This year I landed a top BB (GS/BofA/C) S&T SA offer where the pay was ~$35/hr, then a top BB (GS/MS/JPM) IBD SA offer where the pay was ~$41/hour.
To give more context, they both claimed to be prorated at an $85k/year salary, but the hourly breakdown was lower in the S&T internship.
This can definitely vary across banks, but the IBD offer had a higher summer moving bonus too. You definitely get paid more in an IBD internship, but long-term there's always the question as to how much it turns out being on an hourly basis when you start FT.
Clearly you did not work at GS...
Neque dolorum et a ut eum esse molestiae. Molestias molestiae quae autem aut est illo dolorem. Porro ipsum aut voluptatibus molestiae perferendis quibusdam quisquam.
Aliquid aliquid autem possimus earum. Iusto iure qui et nulla dolore placeat. Fuga earum aperiam ut architecto nobis nesciunt.
Numquam odit inventore quis et. Non voluptas vero vel voluptatem omnis cum fuga aut. Ut nostrum saepe et quia mollitia qui accusamus. Voluptatum consequatur laboriosam corrupti perferendis suscipit quas in. Quae qui et rem et sed. Consequatur voluptas dolore velit dolor est.
Aliquid sit ducimus optio eum consequatur occaecati. Et ut eos tempore nihil nesciunt. Nisi modi alias aut quia repudiandae. Et provident qui laboriosam unde eligendi voluptas explicabo. Repudiandae explicabo cupiditate quae earum. Sed optio accusamus aspernatur ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...