2017 New Hires by Industry: Intern

From technology and consulting to nonprofit and real estate, Chicago Booth students have questions to ask and waves to make in every industry.

September 11, 2017

Industry	Percent of Hires	Number of Hires ¹	Minimum Monthly Salary ²	Maximum Monthly Salary ²	Median Monthly Salary ²
Consulting ³	20.1%	115	$450	$14,500	$12,000
Consumer Products	4.9%	28	$1,900	$9,250	$6,500
Education/Government/Nonprofit	4.2%	24	$2,181	$9,000	$4,800
Energy	0.5%	3	Insufficient data²
Financial Services	36.4%	208	$700	$20,000	$10,000
Diversified Financial Services	3.2%	18	$2,200	$12,500	$10,200
Insurance	1.1%	6	$2,000	$10,750	$8,000
Investment Banking/Brokerage	12.6%	72	$2,000	$20,000	$10,416
Investment Management/Research ⁴	8.2%	47	$1,612	$13,000	$10,000
Private Equity	7.5%	43	$700	$12,400	$7,000
Venture Capital	3.9%	22	Insufficient data²
Healthcare Products and Services ⁵	2.6%	15	$4,000	$9,900	$7,400
Manufacturing/Chemicals/Plastics	2.1%	12	$6,000	$9,700	$7,500
Media/Entertainment/Sports	1.4%	8	$1,840	$10,800	$5,700
Real Estate	0.9%	5	Insufficient data²
Retail	1.8%	10	$2,400	$7,500	$6,363
Technology	22.1%	126	$550	$12,600	$8,000
eCommerce and Internet	11.4%	65	$2,000	$11,500	$8,000
Financial Technology	1.8%	10	$550	$9,500	$7,200
Hardware	2.6%	15	$1,500	$12,600	$8,642
Services	0.4%	2	Insufficient data²
Software	4.7%	27	$2,400	$8,600	$7,920
Telecommunications	1.2%	7	$1,800	$9,000	$6,933
Transportation Services Equipment	1.4%	8	$6,000	$7,300	$7,000
Other	1.6%	9	Insufficient data ²
Total	100%	571	$450	$20,000	$8,178

(1)	Nine students in the Class of 2018 reported having two internships.
(2)	Compensation information is self-reported. 90 percent of students reporting accepted intern offers included salary information. Of that, 3 percent reported receiving no salary. For the 87 percent who reported salaries, the minimum, maximum, and median monthly salaries are represented above. Insufficient data indicates less than 1 percent reporting offers and/or less than 50 percent with salary information.
(3)	Bonus information: 13 percent of accepted offers reported in the consulting industry received a sign-on bonus, for which the median bonus was $3,000.
(4)	Investment Management/Research also includes Mutual Funds and Hedge Funds.
(5)	Healthcare Products and Services includes Biotech & Life Sciences, Healthcare Products/Medical Devices, Healthcare Services, and Pharmaceutical Products.