I dont know about L.A but me and one other kid that I know did an internship for credit in NYC last summer. So we actually paid the school money to go work for a BB in PWM. Did it help me get a job? Yes.

Will tell you it is tough to pay $200 per credit and then drop like $3k on housing at NYU, but it was a pretty fun summer. I would definitely consider it because the experience at this age is worth more than the $600 if you can get a $70k + salary post undergraduate.

 

I'm not questioning the price paid or even it's value. I suppose I'm questiong the ethical boundaries of such dealings. The instances I'm referring to involve guys actually paying the firm employees directly. Off the record, of course.

 

it's low, pathetic, and actually illegal. places that allow these things to happen are places you don't want to work at because: a) the people there are dicks b) the professional quality you can expect is iffy at best

"... then, lobbest thou thy Holy Hand Grenade of Antioch towards thy foe, who, being naughty in My sight, shall snuff it."
 

not to mention that those accepting the money should be making salaries that make the offers they probably receive seem funny. if they need the money you don't want to work there.

"... then, lobbest thou thy Holy Hand Grenade of Antioch towards thy foe, who, being naughty in My sight, shall snuff it."
 

Vitae tempora voluptatem sit. Eius a facere error praesentium itaque. Dolores non cumque pariatur ut autem repellat.

Aliquam et tenetur quidem labore deleniti ea. Velit unde neque provident voluptatem quas. Nihil consequuntur soluta ea eius. Est error et nemo nulla.

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
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
Linda Abraham's picture
Linda Abraham
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...”