Do you get paid for investment banking internships?

Yes, a person is typically paid for an investment banking internship. 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.

How much do investment banking interns make?

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.

What do you do in an investment banking internship?

The main task of an investment banking intern is to assist bankers in projects such as pitch books and the execution of mergers and acquisition mandates. Being an intern in an investment bank is being part of a team: interns have responsibilities and can use their initiative.

What internships are good for investment banking?

Good internships for investment banking will allow people to gain experience in the industry and develop connections for their future careers. The best investment banking internship is the Perella Weinberg Partners Advisory Summer Internship Program.

How To Become An Investment Banking Internship: What It Is and Career Path

What is an investment banking internship and how to become one

Updated January 8, 2025

4 min read

Quoted expert

Michael Mamo Ph.D.

Do you find banks to be boring places? Well, think of people working and the effort it takes to survive there. But knowing that an Investment Banking Internship can earn you $39 per hour will be enough to justify their survival. Now, if you have altered your mind and are thinking of trying this opportunity, you should know that it requires much knowledge in the field of finance. For that, you must have a bachelor's degree in relevant subjects.

As an Investment Banking Intern, you will be asked to perform essential documentation, Data analysis of many companies and officials. Those having strong interpersonal skills can also get the opportunity to negotiate with the company's clients. Under the supervision of many experienced seniors, you can get a chance to prepare many types of financial models.

Starting from a 3-week program, your internship can be extended for months. And if you are able to prove your worth, you might get a permanent job based on your performance.

What's a day at work look like for an investment banking internship?

Michael Mamo Ph.D.

Associate Professor of Economics, Westminster College

The pandemic has brought about fundamental changes at the workplace, including remote work and the rising importance of technological proficiency. These in turn demand flexibility and much of the workplace will demand more versatility and flexibility.

ScoreInvestment Banking InternshipUS Average

Salary

3.4

Avg. Salary $43,637

Avg. Salary $59,228

Stability level

5.8

Growth rate 9%

Growth rate 0.3%

Diversity

5.5

Race

American Indian and Alaska Native 0.10%

Asian 14.09%

Black or African American 5.64%

Hispanic or Latino 7.67%

Unknown 4.50%

White 68.00%

Gender

female 34.93%

male 65.07%

Age - 38

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 38

Stress level

5.8

Stress level is manageable

7.1 - high

Complexity level

8.4

Complexity level is challenging

7 - challenging

Work life balance

4.3

Work life balance is poor

6.4 - fair

Key steps to become an investment banking internship

Explore investment banking internship education requirements

Most common investment banking internship degrees

Bachelor's

74.5 %

Master's

17.5 %

Associate

3.2 %

Start to develop specific investment banking internship skills

Skills	Percentages
PowerPoint	10.98%
Customer Service	9.96%
Work Ethic	6.16%
Financial Models	4.69%
Strong Analytical	4.66%

Complete relevant investment banking internship training and internships

Accountants spend an average of 6-12 months on post-employment, on-the-job training. New investment banking interns learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as an investment banking internship based on U.S. Bureau of Labor Statistics data and data from real investment banking internship resumes.

Research investment banking internship duties and responsibilities

Manage ongoing maintenance of prospective investor pipeline using SalesForce software.
Create PowerPoint presentations summarizing the results of analyses and present the results to senior management
Develop charts/graphs specifically for PowerPoint presentations including sales points, firm history, and client specific information.
Support full-time analysts and associates in authoring marketing materials for sell-side engagements in the education, healthcare, and technology sectors

Prepare your investment banking internship resume

When your background is strong enough, you can start writing your investment banking internship resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on an investment banking internship resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose from 10+ customizable investment banking internship resume templates

Build a professional investment banking internship resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your investment banking internship resume.