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Wall Street interns are earning more money than ever this summer
Wall Street interns have always made a ton of money, especially compared to their peers in other industries. But this summer many are earning more than ever. Intern paychecks at Wall Street banks are based on the annual salary that analysts earn. For years, that base salary was $70,000 across the Street — not counting bonuses, which range from $15,000 to $70,000. Then, last fall, a number of banks decided to up the ante and raise analyst pay to $85,000 a year. That's the case at Goldman Sachs and Deutsche Bank, according to people familiar with the matter. According to Wall Street Oasis, a message board for finance ... (full story)