If an intern makes $25 an hour does that mean the Analysts get paid a salary of $52,000 a year?
Just used $25 as an example but do the hourly paid of interns always match up with the salary of an Analyst at the same place?
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Not always, some places will indeed take the base salary of analysts and prorate it to hourly wages based on a 40 hour week. But in your example it is very likely that the intern wage is not based off the analysts salary because that would be extremely low.
RE is not IB, intern pay is not prorated based on full time salary. No idea why that is. Supply and demand issues may be? Could be because too many people wanting to work in RE and too little supply of jobs available.
No, $25 can be "market" rate for an intern per hour, but the same "market" rate the same firm may pay could be $70k-$100k base + bonus. At least at my firm, there is no connection between rates. I don't many real estate firms will want or try and make any parity between the two.
I would guess that a $25/hr intern job converts to a FT role making $65-85k base.
We don't have a formal intern program and they're usually just either nepotistic interns or rando local college kids that were plucky enough to give me/someone a call. There is no correlation between the interns salaries and full-time. Take this as one man's experience.
Well that certainly shits on my $15/hour intern days
$15/hr intern here currently. One day, perhaps ten years from now, I'm going to look back on this time and wish I went into IB or became an engineer because it didn't get better.
Our intern gets 16 /hr and analysts start at 100
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