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Some elite financial firms are paying college interns $50,000 for 10 weeks of work

Elite financial firms are recruiting college students earlier and paying around $50,000 for a 10-week summer internship. Firms that offer such high-paying internships now have acceptance rates of less than 1%.

Callum Borchers, who writes the “On the Clock” column for The Wall Street Journal, joins us to discuss.

This article was originally published on WBUR.org.

Copyright 2026 WBUR