Nuveen Equity Research Thoughts Internship? Is pay FT also 25 per hour?
Wondering if this is a good place to start a career( accept return offer)? Is pay this low compared to other firms, or does FT pay go up? What are your exits looking like in this type of role?
Based on the WSO Dataset, specific details about Nuveen Equity Research internships, including pay rates and exit opportunities, are not provided. However, I can offer some general advice that might help guide your decision:
Internship Pay vs. Full-Time Pay: Typically, full-time (FT) positions in equity research and other areas of finance offer a higher base salary compared to internships. Internship pay is often hourly and can vary widely depending on the firm and location. For full-time roles, especially in equity research, compensation usually includes a base salary plus potential bonuses, which can significantly increase total compensation.
Career Start at Nuveen: Starting your career at a reputable firm like Nuveen can be a strong move. Firms with a solid reputation in the industry can provide valuable experience, mentorship, and networking opportunities. It's also worth considering the firm's culture, the team you'll be working with, and the specific learning opportunities available to you.
Comparing Pay Across Firms: Pay can vary significantly across different firms in the equity research sector. Larger firms or those located in major financial centers might offer higher compensation. However, it's important to weigh compensation against other factors, such as work-life balance, firm culture, and the specific opportunities for growth and learning at each firm.
Exit Opportunities: Equity research roles can open up various exit opportunities, including roles in asset management, hedge funds, corporate finance, and more. The skills you develop in equity research, such as financial modeling, industry analysis, and report writing, are highly transferable and valued across the finance industry.
Advice: If you're considering accepting a return offer, evaluate the total compensation package, the learning and growth opportunities, and how this role aligns with your long-term career goals. Networking with current and former employees, if possible, can also provide valuable insights into working at Nuveen and the potential career paths from that starting point.
Remember, the best choice depends on your career goals, values, and the specific opportunities each role offers for your professional development.
Sources: 2020 Summer Intern Salaries, Evercore total compensation?, https://www.wallstreetoasis.com/forum/investment-banking/thoughts-now-that-were-getting-close-to-end-of-internships?customgpt=1, Full-time intern for 5 months - being taken advantage of?, My 8-month real estate finance internship journey + some general thoughts on NYU's MSRE
I am a mentor and a VP at an elite boutique Buyside shop. And I have discussed this multiple times with my mentees before WSO.
Buyside equity research does not generally offer good exit opportunities 1-2 years out. There is less training than sell-side so your technical skills will be less proficient than if you started on the sell-side. If you are unsure about finance/want to keep your options open it is unlikely that buyside is where you want to start.
That said, the draw of starting on the buyside is that you are already in the place where most people want to join as their exit opportunities.
For first-year buyside research analyst, I would consider 80k-90k USD per year the typical range before bonuses. Ove the years, your salary will rise modestly but your bonuses can grow exponentially based on your performance and the team performance (which will be helped by your investment ideas).
Feel free to message me if you want to chat further.
Good luck!
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