Should I put 3.1 GPA (Master's) on Resume?

Just finished my first semester in a Master's program (not finance, target school) with a 3.1 GPA. Should I put this shitty GPA on my resume or keep it off?

To put this in context, for undergrad I went to a non-target and had close to a 4.0. I'm applying for summer internships in mostly finance/consulting (not IBD or MBB). How much is my shitty grad GPA going to affect me in the internship hunt?

Right now my plan is to delay listing my grad school GPA until another month (I can claim that all my grades aren't out yet or that I haven't had the chance to update my resume). Then I'll maybe put it on just so that they don't assume I have a 2.8. I'm still debating whether I should list it though.

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Should I put 3.1 GPA (Master's) on Resume?

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