Placement Years - Your Experience & Salaries

Not sure if they have 'industrial placement/attachment' years over in the states, but essentially all they are is a 9-10 month placement, similar to an internship, within the bank. 

You take them between your penultimate and final year of university. 

Just wondering if anyone has done one of these, what their experience was like, and if they could offer some guidance on the typical salaries you see (specifically EMEA salaries)?

From what little I found online, they seem to pay less than internships. 

Thanks in advance!

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