Function: Intern

September 16, 2013

Download 2013 Full Report
Top Five Functions: Intern



New Hires by Function: 2013 Intern



FunctionPercent
of Hires
Number
of Hires (1)
Minimum
Monthly Salary (2)
Maximum
Monthly Salary (2)
Median
Monthly Salary (2)
Business Development 6.0% 34 $400 $8,600 $5,867
Consulting (3) 22.2% 125 $2,000 $20,300 $11,000
Finance 47.2% 266 $700 $25,000 $8,085
Commercial Banking/Lending 1.1% 6 $3,000 $8,333 $6,875
Company Finance (Analysis/Treasury) (4) 5.3% 30 $1,100 $9,208 $6,933
Investment Banking 16.3% 92 $1,300 $20,000 $8,333
Investment Management/Research 8.2% 46 $2,000 $10,047 $8,333
Mergers & Acquisitions within a Company 1.2% 7 $4,333 $10,000 $8,334
Private Client Services 0.7% 4 Insufficient
Data
(2)
   
Private Equity (4) 8.5% 48 $700 $25,000 $5,000
Real Estate 1.2% 7 $5,000 $8,500 $5,500
Risk Management (4) 0.4% 2 Insufficient
Data
(2)
   
Sales & Trading 1.2% 7 $8,085 $9,500 $8,333
Venture Capital (4) 3.0% 17 $1,666 $10,000 $4,000
General Management (4) 2.8% 16 $2,000 $9,687 $8,000
Marketing 11.7% 66 $1,200 $9,208 $6,500
Advertising/Communications 0.4% 2 Insufficient
Data
(2)
   
Brand/Product Management (4) 7.8% 44 $1,800 $9,200 $6,500
Merchandising 0.9% 5 Insufficient
Data
(2)
   
Research (4) 1.1% 6 $4,000 $9,208 $4,450
Sales (4) 1.6% 9 $1,200 $8,200 $7,107
Operations - Supply Chain Mgmt / Logistics 1.4% 8 $4,400 $8,800 $8,000
Product Development 0.7% 4 Insufficient
Data
(2)
   
Project Management (4) 1.2% 7 $700 $8,320 $6,800
Strategic Planning 6.6% 37  $1,000 $10,417 $6,500
Other 0.2% 1 Insufficient
Data
(2)
   
Total 100.0% 564 $400 $25,000 $8,000

(1) Sixteen students in the Class of 2014 reported having two internships.
(2) Compensation information is self-reported. Ninety-five percent of students reporting accepted intern offers included salary information. Of that, 4% reported receiving no salary. For the 91% who reported salaries, the minimum, maximum and median monthly salaries are represented above. Insufficient data indicates less than 1% reporting offers and /or less than 50% with salary information.
(3) Bonus information: 11 percent of accepted offers reported in the consulting industry received a sign-on bonus, for which the median bonus was $2,500.
(4) Accepted offers in these functions include students doing summer internships at start-ups: Business Development (17), Finance - Company Finance (Analysis/Treasury)(2), Finance - Private Equity (1), Finance - Risk Management (1), Finance - Venture Capital (1), General Management (2), Marketing - Brand/Product Management (2), Marketing - Research (2), Marketing - Sales (1), Project Management (3), Strategic Planning (3). In total, 6.2% of accepted offers for the Class of 2014 were with start-ups.  For monthly base salary, the minimum  was $1,000, the maximum was $7,500 and the median was $4,000.
Last Updated 11/20/14