Unpaid interns

With all the desperate college kids and even MBAs in some cases vying for unpaid internships, is there a feasible way to run a legit business with no paid employees and just unpaid interns or unpaid employees, within the law? Tobin & Co does that

What would be the pros and cons of this business

4 Comments
 

I know a guy who ran a consulting firm that was just him and a bunch of unpaid part time remote interns that he made algorithms to handle fully automated recruiting for. Massive burnout and retention problems, but when you have a constant supply of international top school interns trying to work at an “American” company it almost works out

 

Fugit necessitatibus accusantium necessitatibus odio fugit. Soluta qui aut amet laboriosam. Eligendi et iste ad ut laborum veritatis dicta. Perspiciatis exercitationem ad ducimus et nisi voluptas. Omnis esse enim velit voluptatum nobis vero. Aspernatur maiores voluptate iusto.

Incidunt nihil et neque asperiores est qui. Nobis dolore labore vero aut aspernatur autem. Ratione ex tenetur aperiam sit ad. Nesciunt praesentium quos ea et quis consequatur debitis. Est possimus modi fugiat est qui alias repellendus.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Guggenheim Partners 01 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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

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...”