Software engineering interns in banks are making over $10k per month
Getting a technology internship in a bank is not easy. Big banks like Goldman accept less than 1% of applicants across all their internship programs, and engineering is presumably no exception. If you are in the 1%, however, you'll be well compensated for it.
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Using data from compensation tracking platform Levels.fyi, we've looked at internship compensation offers across various major banks in both the 2025 and 2026 internship cycles. Pay varies from offer to offer, so these figures are not definitively what you will earn, just a snapshot of what you can. Some figures are verified by Levels.fyi when candidates upload their offer letter; unverified datapoints have an asterisk next to them in the table below.
The highest paying bank for engineering interns is, surprisingly, more on the consumer banking side than the corporate or investment banking side. Capital One pays its New York interns up to $12.3k per month in addition to an $8k housing stipend. The bank regularly ranks second in the Evident AI Index, which tracks and ranks how various banks adopt AI.
JPMorgan, which ranks first in that index, had the second highest paying engineering internship. An engineer in the bank's Palo Alto, California office received an offer of $10.4k per month. The only other internship paying above $10k was at Jefferies, although it was only available to masters students.
Intern pay drastically falls when you leave New York. The highest paying opportunities outside the city are next-door in New Jersey or in Texas, where various banks have technology hubs. Across the pond in London, pay varies wildly; Barclays offered one intern $7.4k, while BNP Paribas offered an engineer closer to $4.4k in the British capital.
Salary is just one component of pay. Banks also offer sign-on bonuses to interns which can be pretty tempting in some cases. The highest (unverified) sign-on bonus on the table above was $5k for a Goldman Sachs engineer in Salt Lake City. Depending on the strength of your application, you could be paid less... or more.
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