OTPP pays their PE interns sub-$50k annualized??
Maybe they're trying to recoup their $75mm FTX write-down? lmao
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Don’t take this the wrong way, but coming from an intern - I think your answer is in your title. I’d work there for $25K annualized. It would be amazing experience and I’m probably not going to add a ton of value.
50k annual for an intern/co-op work term is great. the purpose isnt to make stacks, but to gain experience and hopefully a full time offer
OTPP paid 42k annualized last fall. It is less than big 4 accounting, and OTPP does not convert anyone. Only FT PE analyst ik at OTPP was big 5 banking SA recruited into OTPP for FT.
Vista Equity Partners doesn’t really even convert their interns anymore… you have to get it and then have a very targeted profile. I’d recommend F1 if you want to have your skills evaluated based on “ability”
I mean sure the experience will be great but getting PE at OTPP is no easy feat. I'm sure anyone that got those offers would be able to land other offers and to receive 50k in the end is pretty insulting especially when comparable offers are paying much higher.
poverty pension plan
I just did an internship in Paris that was 2K/month so 24K annualized (all reputable firms pay this amount). 50K sounds nice bro.
Can't really compare internships in Europe to North America. The norm is just not the same in the two regions.
Yeah for a summer though, 50k annually would come out to 8-9k depending on how long the internship is. That’s not bad money for an undergrad internship.
I was given a check for like 3k after interning at a bank during my sophomore year. It’s better than nothing and the experience helped me get into the industry. The money you make as a junior banker will always far exceed internship money.
Maybe it's changed, but they actually paid overtime at one point, which meant double that if you're busy.
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