Intern salary does not matter?

I got an offer for a 60k pro-rated off-cycle internship at a MM firm(considered the top firm in my country) and in my euphoria I decided to take it without doing much market research into the market salaries at the time. After doing more research I found that the summer interns generally make 80k pro-rated.

Would it be bad form now to try and renegotiate for a higher salary? i really like the firm and the team I'll be working in but the salary seems like a slap in the face. This is a 4-month internship so I'll be down about 7k relative to my peers.

 
Best Response

You need to contemplate whether happiness is within you or without you.

Pro-tip: It's within you. At this stage, comparing your salary to other interns is just a road to misery and self-defeat.

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

Autem perspiciatis occaecati impedit omnis velit quia ut. Omnis excepturi eveniet explicabo voluptatem totam. Dolores unde et hic deserunt doloremque quo. Voluptas atque reprehenderit totam.

Iure illum enim et rem. Fuga vitae reprehenderit dolore eveniet assumenda commodi. Dolores soluta laborum fuga. Voluptas libero debitis molestiae cupiditate dicta vero.

Aut eum quo sint quae sint aut. Ex amet voluptates fugit labore optio. Debitis omnis error quaerat.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (148) $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
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
kanon's picture
kanon
98.9
9
numi's picture
numi
98.8
10
DrApeman's picture
DrApeman
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...”