How much does an I-Bank/HF Intern make a hour?

Career Opportunities & Internships
1

<p>Hi guys, </p>

<p>I was just wondering how much are the other i-bank/HF fund intern get paid at? I have 2 differnet offers for next fall as interns; one a hedge fund that I and another at a mid-sized i-bank. I will most likely be doing research for both of them. </p>

<p>I currently get $19 dollars a hour at the hedge fund I work for. I think the owner just made it up out of thin air cause they do not have any other interns nor do they normally hire interns. Their full-time anlyast there gets paid 40ish a hour so they just divided that by 2 and hence my salary. And I actually do real work besides photo- copying and stapling. The job is slowly taking over my life too cause I definitely work overtime while at school; being on the bottom of the food-chain suck ass. I worked for 20-25 hours a week. </p>

<p>But unfornuately, the HF is relocating their office and I can no longer make the drive to work. It is now a 3 hour drive to get there as oppose to down the street from my dorm. </p>

<p>So both of the internship offers I got for the fall ask me for my "salary requirement". So I am wondering if I should just ask for $19 a hour or is that too high/low?</p>

<p>I am NASD 63, 65, and 7 certified and I took the wall street prep course (it is really good) if it makes a difference. </p>

<p>Apperciate it</p>

<p>J.J.</p>

2

<p>With those certifications you could probably get a little more an hour, but why risk it?(keep in mind fall internships pay a lot less than fall internships, $18 an hour seems to be the norm)</p>

3

<p>Most top tier IB's pay approx 1k a week + housing, for summer internships.</p>

4

<p>In the UK, summer interns get 650-700 pounds a week on average. That would be close to 5k a month.</p>