Housing Stipend for BB IBD Intern

cmw8392's picture
Rank: Monkey | 42

Do you have to show where you are living and such, or are you given it automatically (MS GS JPM). I will be living at home and am wondering whether I will still receive the stipend...

Comments (24)

Nov 13, 2013

Dude I get that it makes more financial sense to live at home while you're interning if you can...but you'll be getting enough comp to put yourself up in the city, away from your parents. 10 weeks living by yourself in NYC (or whatever city) while working at MS GS JPM...why would you want to live at your house?

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Nov 13, 2013
Stryfe:

Dude I get that it makes more financial sense to live at home while you're interning if you can...but you'll be getting enough comp to put yourself up in the city, away from your parents. 10 weeks living by yourself in NYC (or whatever city) while working at MS GS JPM...why would you want to live at your house?

Fuck you

Array

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Nov 13, 2013

Do not live with your parents. Trust me, if I could do it again as a 21-22 y/o and not a saltier former Marine who commuted, I would go into debt to stay in the city.

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Nov 13, 2013

Usually a housing stipend is payed out in the form of a signing bonus. So, yes.

Nov 13, 2013

It's a bonus, they just call it a housing stipend for appearance + tax reasons

Nov 13, 2013

I only got $1,000 for a housing stipend? I've read here that going rate is $2,500, or are those high figures?

Nov 13, 2013

$2,000

"One should recognize reality even when one doesn't like it, indeed, especially when one doesn't like it." - Charlie Munger

Nov 13, 2013

Not necessarily, my roommate accepted an MS Operations internship and they sent him paperwork acknowledging a $2000 'housing stipend'

'Before you enter... be willing to pay the price'

Nov 13, 2013

I got no housing stipend @ BB...Does everyone?

Nov 13, 2013

I got $2500

Nov 13, 2013

Anyone have any ideas on cheap places to live in the Financial District?

Nov 13, 2013

My house is in the city, my bed is comfortable, and I love a home-cooked breakfast. Also, I figure all I'll really be doing at home is sleeping. Anyway, regardless do either of you know the answer?

Nov 13, 2013

And the nights that you want to go out.. isn't it a little uncomfortable going home a) with a girl b) shitfaced?

Nov 13, 2013
CodeBlue:

And the nights that you want to go out.. isn't it a little uncomfortable going home a) with a girl b) shitfaced?

Nov 13, 2013

I did it all of high school...

Nov 13, 2013
cmw8392:

I did it all of high school...

Nov 13, 2013
cmw8392:

"I did it all of high school..."

...said the 21 y/o virgin at MIT.

Congratulations. You just became That Intern Still Living with Mommy and Daddy.

Nov 13, 2013

Can we just cut to the chase? I'm planning to live at home, do any of you know if I will still receive a housing stipend?

Nov 13, 2013

Most likely yes. I think most BBs specify a $2,000 "relocation" stipend in your offer letter. I don't think they'll ever verify where you're living.

Array

Nov 13, 2013

They don't care. You'll get it regardless.

Nov 13, 2013

Yep. It's basically a signing bonus.

Nov 13, 2013
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