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Summer salary survey for GMATclub

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Your salary for this summer internship

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Intern
Intern
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Joined: 29 Dec 2007
Posts: 31
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Kudos [?]: 1 [0], given: 0

Summer salary survey for GMATclub [#permalink] New post 12 Mar 2008, 21:49
Some of you found that salary is not most important for this internship and you want to earn experience. Still, I create this thread to see how job market pay GMATclub this year.
Total salary = salary pay for a year + bonus for a year.
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GMAT Club Legend
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Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5925
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
WE: Business Development (Consumer Products)
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Kudos [?]: 1578 [0], given: 7

Premium Member
Re: Summer salary survey for GMATclub [#permalink] New post 13 Mar 2008, 08:54
Just so you know this isn't a great gauge of anything. Intern salaries in consulting can easily hit $130K when annualized, but they won't be that high (at least not in base) when you go FT. Other industries pay very little internship wise but then pay far far more later.
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Re: Summer salary survey for GMATclub [#permalink] New post 16 Mar 2008, 01:26
Startup = 0?

L.
Intern
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Re: Summer salary survey for GMATclub [#permalink] New post 16 Mar 2008, 05:06
lepium wrote:
Startup = 0?

L.


If you try for a start-up company, my school sponsors $5,000 and you earn around $10,000 more.
Manager
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Re: Summer salary survey for GMATclub [#permalink] New post 16 Mar 2008, 09:14
try salary.com
VP
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Schools: NYU Stern 2009
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Re: Summer salary survey for GMATclub [#permalink] New post 16 Mar 2008, 10:06
I have no idea what the bonus will be - I guess I should come back in August / September.
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VP
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Re: Summer salary survey for GMATclub [#permalink] New post 16 Mar 2008, 15:11
Kurtenhamer wrote:
lepium wrote:
Startup = 0?

L.


If you try for a start-up company, my school sponsors $5,000 and you earn around $10,000 more.


Yep, this is typical of several schools. The question, however, is that if you spend such money capitalizing the company, do you count that as 0, 5k-10k or what you expect the company to be valued based on your future estimation of its future cash flows or sell value?

Anyway, the argument is probably not relevant to the spirit of the original question.

L.
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Re: Summer salary survey for GMATclub [#permalink] New post 23 Mar 2008, 02:06
rhyme wrote:
Just so you know this isn't a great gauge of anything. Intern salaries in consulting can easily hit $130K when annualized, but they won't be that high (at least not in base) when you go FT. Other industries pay very little internship wise but then pay far far more later.


rhyme, but FT would be relatively close to 130k, no? say 115-120 looking at employment stats??
Manager
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Re: Summer salary survey for GMATclub [#permalink] New post 25 Mar 2008, 18:52
full time stats anywhere?
Senior Manager
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Re: Summer salary survey for GMATclub [#permalink] New post 25 Mar 2008, 23:06
vinviper wrote:
full time stats anywhere?


Most business schools have employment stats on their websites.
Re: Summer salary survey for GMATclub   [#permalink] 25 Mar 2008, 23:06
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