| I do believe large institution pays market rate so if you can get in, you will be payed pretty well. You can anywhere from 500-2000 a week, basically a portion of your time spent will equal a portion of the salary.
Hedge funds are a different field. I am not positive on the pay rate there but it all depends on how big the company is and their policies regarding interns. Some pay and some don't.
Usually, they expect you to work anywhere from 20-40 hours per week during the summer.
I can not comment on expenses for living in NY. |