PWM internship help/advice

Hey guys, looking for some advice.

I'm currently a freshman business major at a target on the east coast, but I really want to do an internship on the west coast this summer (yes, I have visited before, no I don't have some ridiculous Hollywood dream). Since I'm a freshman, I've basically been told to either wait until my junior year or try for PWM. Here's the thing though- as we all know, the west coast is expensive. My question is are most PWM (or other Asset Management) internships with banks paid? Also, is it logistically and financially feasible to do an internship out there for a summer? I'm not trying to stockpile cash from an internship; I really just want to learn about an industry, breakeven, and experience a part of the country I haven't lived in.

Any advice?
Thanks in advance

1 Comments
 

Qui quas dolorem explicabo aspernatur. Et est repudiandae illum voluptates. Eaque consequatur sint et quo. Sed id laudantium et dolorum quidem. Quam non nostrum ipsum. Recusandae iste qui ipsum praesentium. Ea sit iusto at aut.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

September 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 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (53) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (15) $159
  • 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

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
GameTheory's picture
GameTheory
98.9
10
numi's picture
numi
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...”