4 ms·
I'm confused. I think most people in the position to receive internship offers from multiple reputable companies are intelligent enough to discriminate on more
by jmduke 14y ago
I'm confused.
I think most people in the position to receive internship offers from multiple reputable companies are intelligent enough to discriminate on more than money.
Raw salary, too, isn't an indicator so much of 'how valuable the company perceives you to be' as it is a function of competition and cost of living. $10K a month working for a quant firm in New York sounds great, but your living expenses are going to be much higher than, say, Seattle or Boston -- and your per hour is likely to be much lower as well, as you're likely spending upwards of sixty hours a week in the office.
- tessr 14y agoYou might be surprised.
- larsberg 14y ago> intelligent enough to discriminate on more than money Depending on their background, these kids are often looking at more money than they have had in their lives and, for many, a larger salary rate than their parents. While there are certainly some students I see for whom the internship is just an experience exercise and the money is for fun, most of them are facing what seems to them a crippling debt load post-graduation and so terrified of it that the prospect of a few thousand more dollars is very hard to pass up.
- AlexeyMK 14y agoPrecisely. Thank you for stating this concisely. I'll need to add it in at some point.
- Drbble 14y agoWhere did you dream up the idea that interns work 60hrs a week?
- jmduke 14y agoIt's admittedly anecdotal, but every finance/quant intern I've talked to works/worked 50hrs+ a week.