JP Morgan Investment banking interns get paid around $40 an hour during their internships. These internships are typically full-time and last for about 10 to 12 weeks. This means that for the duration of the internship, a person can easily make around $16,000 to $20,000.
However, if a person is in an MBA program at an Ivy League business school, they can earn closer to $50,000 during their investment banking internship.
Investment banking interns interact directly with senior team members and learn how the industry works through firsthand experience. At the most basic level, the investment banking intern role covers all areas of the firm, spanning: marketing, sourcing, due diligence, investment analysis, and investor reporting.
These internships provide valuable experience to people studying finance. Participating in an internship, especially at a large, well-known firm, gives them valuable career knowledge.
This knowledge includes information about what their potential career entails, connections with industry leaders, and a potential job at the firm when they graduate. Investment banking internships typically pay fairly well to bring in the best talent.
The company hopes to convert interns into full-time employees upon graduation, so they will pay their interns well to secure their future employment.
