How much should I ask for in an internship?

[Liverpool]

Have an interview next week at a boutique commodities trading firm. They did not ask for interns. Basically I was cold emailing them and the boss liked my resume and said he was willing to talk to me.

He could be asking for how much I want to be paid. Truth be told in this market climate, I am willing to work for free (don't wish to be jobless in the summer), gain some commodities trading experience and move on to the big boys after graduation, but I don't want to short change myself.

I was thinking of giving a figure that is not too excessive but not too low, and then I am willing to negotiate downwards. Anyone can advise or any benchmarks to share for internships? Thanks.

[Anonymous]

About $1-1.5K i suppose.

what's your profile?

ask for enough for food and transport

Originally Posted by Anonymous

About $1-1.5K i suppose.

really? not sure abt mkt rate now but when i was a intern at a stat board a few yrs ago, i only got paid $700 a mth.

then ask for the same

This may be unrelated to the industry you stated but ExxonMobil pays their undergrad interns about 1100 thereabout if iirc. I think anywhere from 700 to 1000 is reasonable. But then again, during the discussion, you should evaluate from the tasks you are tasked to handle.

Originally Posted by Anonymous

About $1-1.5K i suppose.

Interns can afford a flat in Singapore!

#maybetharmanmeanttosay

[blackswan]

Originally Posted by Unregistered

This may be unrelated to the industry you stated but ExxonMobil pays their undergrad interns about 1100 thereabout if iirc. I think anywhere from 700 to 1000 is reasonable. But then again, during the discussion, you should evaluate from the tasks you are tasked to handle.

exxonmobil its $1200 during my time in 2008

Originally Posted by blackswan

exxonmobil its $1200 during my time in 2008

thanks for pointing it out, couldn't quite recall the exact amount.