Chad from Murray Hill works hard for the money, he works hard for the money, so you better treat him right. Or maybe just pay him right.
That’s certainly the case at Citadel and Citadel Securities, where summer interns are reportedly making about $120 an hour this year, a 25% jump from intern pay last year, Bloomberg’s Paulina Cachero reported. That translates to $19,200 a month pre-tax for the typical 40-hour workweek and more than four times what the typical U.S. worker makes a month—$4,400. While these interns will only see that kind of paycheck for the summer months, it’s equivalent to a $230,400 annual salary.
