Interns in Wall Street's hottest field are making a killing

Private equity firms have been delivering strong returns for their clients, and the pay off has trickled down to the very bottom. 

A new report on compensation in private equity out by Wall Street Oasis, an online community for financial professional, shows interns in the field make on average about $20 an hour. 

That translates into an annual compensation of $41,000 per year. To put that in perspective, the average American makes $44,000 per year, according to the Bureau of Labor Statistics. So that means PE interns, who are typically still at college, earn nearly as much as the average American worker. 

The report, which is based on data from 127 private equity firms, also examined the average compensation of positions ranging from first year analyst to vice president. 

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The highest-paying professions
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The highest-paying professions

15. Medical director

Medical directors are typically physicians who occupy a senior role in a hospital or health clinic.

Median total compensation, including bonus and commission: $250,000

Median cash bonus: $36,000 

Photo credit: Getty

14. Ophthalmologist

Ophthalmologists are physicians who focus on disorders and diseases of the eyes.

Median total compensation, including bonus and commission: $250,000

Median cash bonus: $50,000 

Photo credit: Getty

13. Vice president of supply chain

VPs of supply chain management typically oversee an organization's supply chain logistics.

Median total compensation, including bonus and commission: $255,000

Median cash bonus: $62,500 

Photo credit: Getty

12. Senior vice president of strategy

SVPs of strategy typically work to identify long term business strategies and opportunities for growth.

Median total compensation, including bonus and commission: $256,000

Median cash bonus: $50,000 

Photo credit: Getty

11. Senior vice president of human resources

SVPs of HR typically oversee an organization's HR department.

Median total compensation, including bonus and commission: $272,000

Median cash bonus: $57,500

Photo credit: Alamy

10. Vice president of tax

VPs of tax typically oversee an organization's tax functions.

Median total compensation, including bonus and commission: $272,000

Median cash bonus: $67,500 

Photo credit: Getty

9. Senior managing director

Senior managing directors are senior-level executives who tend to focus on business strategy.

Median total compensation, including bonus and commission: $298,000

Median cash bonus: $100,000 

Photo credit: Getty

8. Senior vice president of sales

SVPs of sales typically oversee an organization's sales department.

Median total compensation, including bonus and commission: $300,000

Median cash bonus: $60,000 

Photo credit: AOL 

7. Senior vice president of finance

SVPs of finance typically oversee an organization's financial department.

Median total compensation, including bonus and commission: $300,000

Median cash bonus: $80,000 

Photo credit: Getty

6. Emergency physician

Emergency physicians work in emergency room and provide rapid care for patients.

Median total compensation, including bonus and commission: $314,000

Median cash bonus: $20,000 

Photo credit: Getty

5. Anesthesiologist

Anesthesiologists are physicians who are trained to provide anesthesia and pain relief to patients.

Median total compensation, including bonus and commission: $350,000

Median cash bonus: $25,000 

Photo credit: Getty

4. Plastic surgeon

Plastic surgeons are physicians who restore and alter parts of the body for cosmetic and reconstructive reasons.

Median total compensation including bonus and commission: $350,000

Median cash bonus: $90,000

Photo credit: Getty

3. Radiologist

Radiologists are physicians who use medical imagining to diagnose and treat patients.

Median total compensation, including bonus and commission: $374,000

Median cash bonus: $50,000 

Photo credit: Getty

2. Cardiologist

Cardiologists are physicians who deal with disorders of the heart and circulatory system.

Median total compensation, including bonus and commission: $382,000

Median cash bonus: $50,000 

Photo credit: Getty

1. Orthopedic surgeon

Orthopedic surgeons are physicians who treat musculoskeletal system injuries and disorders.

Median total compensation, including bonus and commission: $450,000

Median cash bonus: $60,000 

Photo credit: Getty

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An analyst brings in on average $102,000, according to the report. 

Private equity firms, like Blackstone, one of the largest managing $371 billion, seek out investment opportunities in public and private markets. Recently, such firms have been performing well. 

A recent study by CEM Benchmarking looked at the fund performance of defined benefit pension funds from 1998 to 2014, and found that private equity ranked second to listed-equity real estate investment returns for average annual net returns. 

"Private equity had the highest average gross return, estimated as 13.5%, but had the second highest average net return of 11.4% because the impact of expenses," the report said.

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