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    edited
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    ubs 42+1
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    jpm 42+1
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    (Original post by sergioib)
    I'm taking the Nomura Global Markets internship in London this summer and I'm getting paid £900 a week (£800 a week + 1k allocation), which is very good!

    You ****.
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    Are these figures across all FO divisions? and are they an average or a minimum?
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    (Original post by Zweihander)
    Are these figures across all FO divisions? and are they an average or a minimum?
    yes in most banks and what are you talking about
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    Moelis is more than £45k since there's a training in NYC with all expenses paid (flights,accom, etc)
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    (Original post by YL_LDN)
    You ****.
    Haha, it's been VERY hard, I swear!
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    (Original post by PierreSonne)
    Moelis is more than £45k since there's a training in NYC with all expenses paid (flights,accom, etc)
    So no longer pursuing S+T?
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    BoAML is 45+1, not just 45, just to be clear
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    (Original post by Inflation)
    So no longer pursuing S+T?
    I've been working for 6 months in M&A and I actually love it!
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    Barcap - 40+2 - £969pw. With an extra week (5 days) if you take no holiday.
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    How many people have been offered 12 week internships this year?
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    Does anyone know how bonus usually is in first year in Macquarie? As compared to other IBanks?
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    (Original post by lateral_banker)
    Does anyone know how bonus usually is in first year in Macquarie? As compared to other IBanks?
    Friend was on their 08 grad scheme for infrastructure funds...got 6-7k gross after working 80-100hr weeks for a yr. Base was 40k.
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    Whats the pay for MO finance/market risk?
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    (Original post by M.A.H)
    Whats the pay for MO finance/market risk?
    ~£40k. Completely depends on the bank though obviously.
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    Amazing compensation! You guys interning at banks this summer will be partying hard lol. I manage to survive in London as a student spending ~£100/week and enjoy myself ... let alone £700! Guess it could pay for your final year and a good holiday come September.

    Begs, the question though ... why do banks pay interns so much? It's not like you can add much value as an intern ... maybe in IBD but not in markets. It's a case of paying the 'market rate' yes but it seems a very inefficient market if you're having to pay your interns such inflated wages.
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    competition my dear friend. its a vicious circle. bank x pays £5k a summer, bank y wants bank x's interns, pays £6k. the circle goes on. Last summer it was about £7.5/8k (on average), this summer its closer to £9/10k.
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    Yes, it's around £9/10k what we are getting this year!
 
 
 
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