Investment banking analysts at major firms can expect to make nearly $200,000 in their first year out of college

Investment banking analysts at major firms can expect to make nearly $200,000 in their first year out of college, per CNBC.

Meanwhile, At Citadel, the median wage for interns is up roughly 25% to $120 an hour this year, per Bloomberg.

For a standard month with 40-hour weeks that’s $19,200 before taxes.

For finance jobs across the US, median intern pay jumped 19% at 16 top firms studied by Levels.fyi,

Per Bloomberg: Intern pay can vary by role, education, the type of firm and other factors. At Barclays, summer investment banking interns in the US are offered an annualized rate of $110,000, while the pay at Citigroup is $50 an hour.

Bank of America offers a median hourly rate for interns nationwide of $41 per hour while those willing to move to the Big Apple for the summer earn a premium at $46.

Read more: https://unusualwhales.com/news/at-citadel-the-median-wage-for-interns-is-up-roughly-25-to-120-an-hour-this-year