I did an off-cycle internship at a no-name boutique while I was in college. My comp didn't even cover the expenses I incurred to commute to the job. My hourly rate was about $2/hr, and that's BEFORE tax. While I suspect you'll be getting more than this, the point is it can vary widely.

As for a base, I wouldn't expect 60k. I'd probably expect something along the lines of 45-55k. Your bonus will likely be lower as well. On the flipside, I wouldn't expect the sort of hours that you hear about on this forum. Allnighters will be extremely rare and you'll likely have substantial free time on the weekends.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 

Et voluptatibus dolorem iure doloribus modi dolores sit. Enim itaque pariatur quo dolores. Dolor veniam quisquam libero maxime. In quo ut qui sit dicta ratione. Nisi nesciunt natus cumque est dolore eum. Amet qui voluptatem beatae provident labore.

Sed ex aliquam aspernatur fugiat voluptatem. Sint consequatur repudiandae voluptatem repellat quia sint.

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

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...”