Advice for College Student - Salary
Hello everyone! I'm looking for some advice on when and how to negotiate salary. I am currently interviewing for an internship at a real estate development company. I don't know if and how I should go about negotiating. During the interview, it alluded that I will be offered $25 dollars per hour. Is this a fair amount? I'm having a difficult time finding a comparable salary. The job will be reviewing financial documents for stabilized apartments they have developed and other things around the office as needed. The company is not a large corporate company more like 4 partners working together investing private capital. This is in Houston, Texas.
[{"id": "ea59x8c", "text": "It's fine money. It's an internship you're not doing it for the money you're doing it for the experience &amp; networking", "replies": [{"id": "ea5aevo", "text": "Not just fine money, great money! Thats the average salary of interns at BB banks in NYC so it's hard to get much better than that. ", "replies": [], "depth": 2}], "depth": 1}, {"id": "ea5bbng", "text": "I worked for a year as an understudy broker in San Francisco and was paid about $9/hour for twelve hour days, six a week.  For a year.\n\nGet off my lawn!", "replies": [], "depth": 1}, {"id": "ea5d4et", "text": "25/hr is basically 50k annually assuming you work 40 hour weeks. Typically I\u2019m a fan of negotiating pay but with an internship I don\u2019t think it would be appropriate. You should be looking at the experience you\u2019ll get and deciding if that job is something you\u2019d like to do full time after college. If you tried to negotiate pay it might come across that you\u2019re more concerned with income now than a full time job in the future. \n\nIgnoring all of that, if you want to compare, you should look at what other internships pay and not full time jobs. This is anecdotal but I made 18/hr during my internship in 2015. At my bank we currently pay interns from 20-22/hr. Obviously not real estate but both in finance. \n\nEdits: Grammar", "replies": [], "depth": 1}, {"id": "ea5gjtl", "text": "I worked for a top REPE this Summer and made $20/hr.  Definitely good money for an intern.", "replies": [], "depth": 1}]