How much do Goldman Sachs investment banking interns make?

How much do Goldman Sachs investment banking interns make?

And it’s not just the banks: interns at proprietary trading firm Jane Street are making an average salary of $16,356 a month — the equivalent of nearly $200,000 a year….Finance Interns Earn Eye-Popping Pay.

Company Type of Firm Wall Street Oasis
Millennium Management Hedge Fund 8,333
Goldman Sachs Investment Bank 8,333

Can you negotiate salary with Goldman Sachs?

Salary Negotiation at Goldman Sachs You may want to start by trying to negotiate your salary—and then, if the hiring manager won’t budge, you can discuss wiggle room on vacation days, bonuses, and a bevy of other benefits.

How much do interns get paid at Goldman Sachs?

Incoming summer interns at the bank can expect a pro-rata salary of $85,000, according to a letter seen by Financial News. This is effectively the same entry-level pay level the bank offered before it hiked salaries for first-year analysts to $110,000 in August.

Can you negotiate pay for internships?

Ask whether you have any negotiating room. Many companies have pre-designed summer internship programs that come with a specific rate or stipend, while others may pay by the hour, week or month. Those without a particular salary already assigned to them may give you more room to bargain.

How hard is it to get a summer internship at Goldman Sachs?

But Goldman can hire only so many interns, who are typically high-performing students between their third and fourth years of college. The internship acceptance rate is just 1.5%, according to the person. Interns who are offered jobs after graduation become first-year analysts.

What are the levels at Goldman Sachs?

Levels at Goldman Sachs

  • Analyst.
  • Associate.
  • Vice President.
  • Managing Director.
  • Partner.

How do you ask for a raise in investment banking?

Focus on your accomplishments and value. Before asking for a raise, list your recent accomplishments, including any times you’ve gone above and beyond or helped your company bolster its bottom line. Be detailed, and point to any numbers about the savings or additional revenue you’ve generated.

Should interns negotiate pay?

Although securing a paid internship will help you pay for your expenses, you are still not in a position to negotiate a six-figure salary. The majority of well-established internship programs have fixed salary standards and a take-it-or-leave-it mindset.

How many Goldman Sachs interns get offers?

What is the starting salary at Goldman Sachs?

Goldman Sachs’s first-year analysts will receive a bump in base pay from $85,000 to $110,000; second-year analysts $95,000 to $125,000; and first-year associates $125,000 to $150,000, sources told Bloomberg.

Is it difficult to get into Goldman Sachs?

Goldman Sachs is the premier investment bank in the world. With an acceptance rate of roughly 4%, it’s harder to get into Goldman than it is to get into Harvard or Yale.

How do banks negotiate salary?

Eight ways to negotiate a better offer for your banking job

  1. Use your recruiter as an intermediary.
  2. Plant the seeds of negotiation early.
  3. Set your priorities before making any requests.
  4. Know what is and what isn’t negotiable.
  5. Set the bar higher than what you’re willing to accept.
  6. Draw a line in the sand, then stick to it.

How do you negotiate a higher salary?

Here are eight tips for how to negotiate a salary that can help you tactfully and confidently ask for what you want.

  1. Become familiar with industry salary trends.
  2. Build your case.
  3. Tell the truth.
  4. Factor in perks and benefits.
  5. Practice your delivery.
  6. Know when to wrap it up.
  7. Get everything in writing.
  8. Stay positive.

How do interns negotiate higher pay?

10 Tips for Negotiating Your Internship Salary

  1. Get the Timing Right. Never bring up the subject of money before there is a job offer on the table.
  2. Gauge Appropriateness. Have you gotten an offer?
  3. Do Your Homework.
  4. Consider Your Case.
  5. Have a Bottom Line.
  6. Schedule the Conversation.
  7. Believe in Yourself.
  8. Make the Request.