How much should I ask to get paid at this internship?
I recently interviewed at a mutual fund. If I get the position I would be assisting their analysts in doing their research on various companies within the energy sector. The interview went really well but I froze on the question "how much are you looking to get paid?" I wasn't sure what to say. This would be my first job in any kind of finance related position.
Right now I am a sophomore studying Finance. I am actively involved in my school's student investment society for which I am the head energy sector analyst. I also started to write for The Motley Fool and mostly look at the energy sector in my articles. I really don't have any idea of what to ask for in terms of pay. What is a normal hourly wage at a position like this for someone with my amount of experience?
I'd say somewhere in the $15-20 range would be fair for a sophomore internship. I worked in a more operational role at a MF sophomore year for $15 and got the same senior year at a much smaller company in a research role, as some of it comes down to what they can afford/willing to pay. I had friends at bigger names getting up to around $25/hr after a few internships, so it all depends
When they ask this question, I think usually its not to see what you "acutally" want to get paid.
I usually answer with something along the lines of: Tbh, I am not concerned about pay right now for an internship because I would rather focus on the opportunity to learn as much as can
If they follow up and ask you what you actually want to get paid: just say whatever is comparable to market (assuming you did your research on like glassdoor or something)
Completely agree with that. I used similar answers, I was just trying to provide some data on what he might expect to get
Ya got you, but think the guy was focusing on how to answer the question instead of what it meant
tbh $0
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