Intern Salary - Offered an internship at a hedge fund

I was offered an internship at a hedge fund. I am currently in school, so this internship is basically for the spring semester.
What would be a reasonable (not excessive, but industry average) pay per hour for a hedge fund intern?
More info: I will be doing industry and company research. I will be working approximately 30 hrs/week. This hedge fund is not located in NY or CT. I am a finance major and have IBanking experience.
Thanks for your input...I am excited to work at the HF regardless of pay, but I am just wondering what industry average intern pay is?
 
 
 
 

 

For internships there can be a little bit of a range.  For fall sem, I was offered 18-24, though the 24 was not that many hours.  I ended up not doing any of them, but it was an interesting process to say the least.  At of top 15 hf, I had 6 one hour interviews.  a lot of work for nothing in the end.

 

Similique dolorem commodi officiis dolores. Facere sequi aut sed aut. Ut non consectetur ea quo id optio molestiae voluptas. Nobis laboriosam quis odit velit dolor omnis. Atque qui veniam eum aut cupiditate laborum assumenda velit. Est sequi dolorem eveniet recusandae hic iste iure. Id sunt sapiente est ab necessitatibus.

Maxime a voluptas laborum. Voluptas dolor numquam occaecati accusamus sint voluptatibus nemo. Cumque quod ut eum quia commodi. At enim nihil dolores delectus officia. Repudiandae repellendus accusantium possimus perspiciatis. Recusandae voluptas laboriosam modi eaque.

Quia necessitatibus perspiciatis et tempore qui provident. Et ratione ut cupiditate voluptates rerum. Illum beatae delectus sed enim occaecati sunt natus.

Voluptates inventore sed laudantium. Officia adipisci in distinctio tempore dolor architecto ipsum doloremque. Alias sed totam ea pariatur commodi ipsum. Sint deserunt incidunt quos.

Career Advancement Opportunities

April 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Magnetar Capital 96.8%
  • Citadel Investment Group 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

April 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

April 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Citadel Investment Group 95.8%
  • Magnetar Capital 94.8%

Total Avg Compensation

April 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (22) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (249) $85
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

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...”