Quant Dev Pay at BBs

Hi guys,

I was wondering what is the expected pay for quant developer interns that work closely with S&T at BB. I got one offer from a BB for NYC internship.

Background: nothing finance-related but past consulting internship paid better than the offer I got.

Thanks and really appreciate all your help!

 

I heard $100k pro-rated for GS. I think this is for all devs irrespective of whether or not you are working closely with S&T. I think the other BBs are still paying $85k pro rated.

FT starts lower than top tech, but you can still reach mid 6 figures like you would in top tech by the time you're a VP or ED. This is not guaranteed and there are lots of tech VPs who are making less than that.

 

Thanks for the input guys!

Can confirm the $85k pro rated rate. The calculation was based on 60 hours/weeks for S&T which made the hourly pay in the contract quote quite low...

Do you guys think quant dev easily go past 60 every week, or lower compared to trading desk interns?

Thanks again!

 

Nisi voluptate deserunt mollitia corrupti harum illum. Sed mollitia quidem sint quibusdam deleniti. Ut vero maxime qui ut. Assumenda excepturi odit quia dolores recusandae est.

just google it...you're welcome

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $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
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
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...”