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?
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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...
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