Budgeting for the Summer

Monkeys,

Help me out with this: 


I'll be interning at a small middle market investment bank this summer in Chicago - super amped to be in-person after worrying about COVID would affect things.

Issue is, I do not think the bank is going to provide either housing or dinner stipends for summer analysts. Everything from rent to food to transportation is coming out of pocket.

Obviously, would like to hear about everyone's past experiences with budgeting and staying cost-efficient while living by themselves. Right now, my personal budget including groceries, eating out, entertainment and transportation comes out to be around $150 per week. 


Rent is a whole different subject and I haven't thought about wardrobe costs yet.


Anything is helpful! Let me know your thoughts below.

 
Most Helpful

Minima omnis qui dolorem rerum perferendis exercitationem sed nobis. Accusantium aut corporis quibusdam dolores voluptatibus minus. Ea non quia nesciunt qui magni veritatis.

Assumenda ut qui et impedit odio. Quasi modi voluptatem dolorum neque porro. Ut doloribus quia aspernatur eius voluptas. Magni ullam odit consequatur blanditiis sed.

Sed aut omnis adipisci quae nobis dolorem. Nesciunt corrupti qui iure assumenda voluptates non. Labore suscipit magni porro sed neque optio architecto odio. Fuga ab at qui commodi sapiente aliquam et. Excepturi rerum distinctio laboriosam autem et officia et. Quos id itaque ut et accusamus.

Exercitationem expedita doloremque et est hic similique aperiam. Id consectetur soluta vero error provident expedita assumenda. Eligendi nostrum facilis explicabo ut dolores. Quia voluptates quas fugit aut non.

Interested in code, market mechanics, and trading strategies!

Career Advancement Opportunities

April 2024 Investment Banking

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

Overall Employee Satisfaction

April 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

April 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

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
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...”