Is it a good idea to work in investment bank?

Many college interns are paid $17+ an hour but the internships for HS students I’ve heard of trybto create interest in less represented groups and pay less (perhaps $12 an hour).
IB is competing with CS in terms of internship salaries and is having a hard time finding women who like the ethos and hours. However apparently research shows funds with a plurality of women do better than majority male or male-only decision makers, so the pressure is on.
Figuring out whether she likes this environment early on and knowing whether it’s not for her (especially if she’ll be in an environment where she’ll be courted for IB and many/most peers will join) will actually help.
If summer research is lined up, would that be incompatible with the internship? Or would that be concurrently… or back to back?
Also… Doesn’t she want to take a week or two resting by a lake, riding a bike, swimming, reading “summer” novels…?

@MYOS1634, I have no idea about the pay, it is too early. And she has her research internship that will last also for 10 weeks, she can not do both; therefore she can choose only one. She wants to travel next year also. How will it play, no clue. I will let her make her own decision. Thanks for providing input.

IB internship for college students pay prorated base salary, so if the base is 85000 for first year analyst and the internship is 10 weeks, it would be 85000/52 X 10. It is more than 45/hr.
Again, it is very rare for those programs to take a high school student (I have never heard of it). My friend’s son was going to a prep school in NYC and they had an alum who was offering one internship for a student from that school.

If there are FA concerns, perhaps she could accept the internship without a salary?
Assuming some sort of arrangements could be made for accommodations, similar to her previous unpaid internships. I’m not personally sure how best to raise the subject, but perhaps others can advise?

It may help her in the future in terms of connections and references, even if she decides to pursue work in another field. If she declines, she should be very gracious and remain in touch with the woman who took an interest in her.

Most legitimate companies won’t hire interns without pay now, especially law firms and IBs, for fear of violating labor laws.

^^This. If interns are asked to do anything that is at all part of a “normal” job rather than part of job training, the company is at risk. And let’s face it, no college (or high school) intern is going to be invited in to do high level, good for credit, work withsuch minimal experience. Some of it will be what normal employees get paid to do.

As for employers, who wants to be perpetuating a system than gives experience only to students who can afford to work for free?

^^ If interns make copies that will be a part of a “normal” job. Since the companies are not schools, it will be enough legal headaches to avoid unpaid interns entirely.