Class of 2018 Summer Internships

Base Monthly Salaries, by Industry

Industry Percent (%) Mean ($) Median ($) Min ($) Max ($)
Financial services 27 9,137 10,416 1,087 13,044
    Investment banking 13 10,492 10,417 10,000 12,500
    Investment management 5 9,826 10,417 1,087 13,044
    Private equity, venture capital 3 6,313 6,000 1,208 10,000
    Other 6 7,782 9,000 2,100 10,783
Consulting 22 11,200 11,740 2,800 13,479
Technology 19 7,481 8,000 2,000 10,000
Consumer goods, retail 10 6,060 6,667 1,826 7,698
Health care, pharma, biotech 8 6,968 7,200 3,333 8,696
Manufacturing 5 8,922 8,421 5,218 18,479
Nonprofit, government 3 4,046 4,565 2,700 5,218
Energy 2 5,862 6,774 2,400 7,500
Media, entertainment 2 6,306 5,913 4,743 8,261
Real estate 1 * * * *
Other 1 6,407 7,125 3,478 7,900
All industries 100 8,437 8,026 1,087 18,479

Base Monthly Salaries, by Function

Function Percent (%) Mean ($) Median ($) Min ($) Max ($)
Consulting, strategy 33 10,064 11,060 2,700 13,479
Marketing 25 6,791 7,300 1,826 10,000
Finance 23 9,040 10,416 1,087 12,500
   Underwriting, advising 13 10,391 10,417 7,826 12,500
   Investment management 5 8,426 10,000 1,087 12,000
   Corporate finance 3 7,368 7,769 4,348 8,600
   Private equity, venture capital 2 6,042 6,000 1,208 9,000
General management 13 7,996 7,863 2,100 18,479
Operations, logistics 5 6,673 6,811 3,000 9,500
Other 1 6,507 6,957 4,565 8,000
All functions 100 8,437 8,026 1,087 18,479

Base Monthly Salaries, by Location

Location Percent (%) Mean ($) Median ($) Min ($) Max ($)
United States 92 8,467 8,000 1,087 18,479
Northeast (CT, ME, MA, NH, NJ, NY, RI, VT) 47 8,726 9,348 1,208 13,044
    New York 21 9,301 10,417 2,500 13,044
    Boston 20 8,847 9,131 2,100 13,044
    Other 6 6,456 7,496 1,208 10,417
West (AK, CA, HI, ID, MT, NV, OR, UT, WA, WY) 26 7,743 8,000 1,826 12,174
   San Francisco Bay Area 14 7,856 8,000 1,826 12,174
   Seattle 8 8,067 8,000 8,000 8,600
   Los Angeles 2 8,657 8,420 6,048 11,740
   Other 2 5,489 6,218 2,000 8,500
Midwest (IL, IN, IA, KS, MI, MN, MO, NE, ND, OH, SD, WI) 9 9,370 8,786 2,718 18,479
   Chicago 5 9,759 10,208 2,718 13,479
   Minneapolis-Saint Paul 3 7,993 7,400 4,348 12,500
   Other 1 11,026 7,600 7,000 18,479
Mid-Atlantic (DC, DE, MD, PA, VA, WV) 4 8,741 9,305 4,743 12,500
South (AL, AR, FL, GA, KY, LA, MS, NC, SC, TN) 3 6,798 7,450 1,087 10,453
Southwest (AZ, CO, NM, OK, TX) 3 9,321 8,848 6,000 12,500
Outside U.S. 8 7,882 8,028 3,333 11,500
Asia 4 7,914 9,490 3,688 10,218
Central America, Caribbean 1 10,129 10,000 8,888 11,500
Europe 1 * * * *
Other 2 6,102 6,906 3,333 7,266
All locations 100 8,437 8,026 1,087 18,479

*Values are excluded where the sample size is too small.
City names listed include the surrounding metropolitan area.
All data as of November 2017.