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How much should I ask for in an internship?

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Old 01-03-2012, 07:51 PM
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Default How much should I ask for in an internship?

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.

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Old 02-03-2012, 07:55 AM
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About $1-1.5K i suppose.

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Old 02-03-2012, 10:53 AM
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what's your profile?

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Old 02-03-2012, 02:02 PM
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ask for enough for food and transport
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Old 02-03-2012, 10:18 PM
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Quote:
Originally Posted by Anonymous View Post
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.
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Old 03-03-2012, 12:17 AM
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then ask for the same
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Old 03-03-2012, 01:20 AM
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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.
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Old 03-03-2012, 11:57 AM
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Quote:
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About $1-1.5K i suppose.
Interns can afford a flat in Singapore!

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Old 03-03-2012, 12:42 PM
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Quote:
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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
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Old 03-03-2012, 05:50 PM
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exxonmobil its $1200 during my time in 2008
thanks for pointing it out, couldn't quite recall the exact amount.
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