Associate - Investment Banking Salary

The average Investment Banking Associate in the United States earns approximately $76K annually. In the world of Investment Banking Associates, total cash compensation can vary between $43K and $126K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $37K and $15K, respectively. Location is the biggest factor affecting pay for this group, followed by experience level. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Male Investment Banking Associates are more prevalent than women among those who took the survey — 68 percent of professionals. Job satisfaction is reported as high by the vast majority of workers. This report is based on answers to PayScale's salary questionnaire.
Read More
$44,636 - $103,777
(Median)
$45K
$76K
$100K
MEDIAN: $76,113
10%
50%
90%

Add this chart to your site: 640px    300px

$11.24 - $22.42
(Median)
$11
$17
$22
MEDIAN: $17.00
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$44,636 - $103,777  
   
Bonus
$0.00 - $36,540  
Profit Sharing
$984 - $15,101  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$42,598 - $126,208  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 409
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25$50$75
Hourly Rate
$11.24 - $22.42  
   
Overtime
$11.07 - $52.15  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$0.00 - $36,540  
   
Profit Sharing
$984 - $15,101  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$42,598 - $126,208  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 26

Find Out Exactly What You Should Be Paid

United States (change)

- OR -

Log in with LinkedIn

Comp Managers Click Here »

Job Description for Associate - Investment Banking

An investment banking associate performs several different roles relating to investment banking decisions. Evaluating profitability and conducting financial transactions are two of the main key duties for this position. In addition, investment banking associates analyze investment strategies, identify potential investments, and conduct risk assessments. They also attend meetings with clients and prepare presentations providing an overview of clients investment portfolios. Investment banking associates work in highly competitive offices of investment banks in extremely competitive work environments. A few of the top firms in the industry include Goldman Sachs, Morgan Stanley, Citigroup, Credit Suisse, and JPMorgan Chase. A mixture of skills are needed for this position. Quantitative and analytical skills are key requirements for investment banking associates in addition to sales and marketing skills. One must be able to communicate effectively- both written and orally, as well. Co-workers include senior investment bankers and other analysts who are assigned to specific projects and work in teams. Investment banking associates work alongside more seasoned bankers and experts from all different industries. A few industries include corporate finance, healthcare, real estate, retail, and telecommunications, and mergers and acquisitions- but the scope is much wider than that. A typical day in the life of an associate investment banker includes conducting sophisticated financial analysis and industry research, development of new business ideas, preparing client presentations, marketing new products, and pricing and distributing securities. Closing deals with clients is a key element of the job that will ultimately determine if one succeeds or fails in the field. Clients typically include companies which are looking to raise capital through the sale of company securities. An advanced degree, such as and MBA, JD, or PhD from a top school with top-notch academic performance is an absolute requirement for any candidate to such a position. In addition, internship experience within and investment banking environment is highly desirable, and is more almost considered to be an absolute requirement. In addition to the educational requirements, investment banking associates also require certification in order to perform many job related duties pertaining to securities. Typical certifications include the Series 7, 63, 65, 66, 79, and 84563X2 tests, which are typically completed during training. The Certified Financial Analyst (CFA) exam is another desirable certification to obtain. Typical work week schedules for investment banking associates are extremely taxing. Associates can expect to work anywhere between 80 and 100 hours per week, or even more. A typical week will include working from about 9 in the morning to 11 at night during the week, in addition to a full day on either Saturday or Sunday. The corporate work environment is extremely fast paced, stressful, and competitive.


Associate - Investment Banking Tasks

  • Analyze investment strategies, identify potential investments, and conduct risk assessments.
  • Attend meetings with clients and prepare presentations providing an overview of clients’ investment portfolios.
  • Manage client portfolios, evaluating profitability and conducting financial transactions.

Common Career Paths for Associate - Investment Banking


Add this chart to your site:   640px 640px    300px 300px


Investment Banking Associates who transition into an Investment Banking VP role may receive large pay increases as the latter position pays an average $139K per year. The most common next step for an Investment Banking Associate is to become a VP of Finance or a VP of Operations. The former position pays an additional $52K per year on average, and the latter position pays $37K more per year.

Associate - Investment Banking Job Listings

Search for more jobs:

Popular Skills for Associate - Investment Banking


Survey takers who work as Investment Banking Associates typically report just a few professional skills. Project Management and Financial Modeling are considered valuable skills and can increase employee pay by 14 percent and 6 percent, respectively. Those familiar with Financial Analysis also tend to know Project Management.

Pay Difference by Location


With a pay rate for Investment Banking Associates that is 17 percent greater than the national average, New York offers a comfortable salary for those in this profession. Investment Banking Associates can also look forward to large paychecks in cities like Dallas (+12 percent), Houston (+8 percent), Chicago (+3 percent), and San Francisco (+1 percent). In Columbus, salaries are 10 percent below the national average and represent the lowest-paying market.

Related Job Salaries

United States (change)

Experience Affects Associate - Investment Banking Salaries



National Average
$85,000

Experienced
up arrow 2%

Skills That Affect Associate - Investment Banking Salaries

Project Management
up arrow 14%

Financial Modeling
up arrow 6%

Financial Analysis
0%

National Average
$85,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 78 votes.

Gender

Female
32 %
Male
68 %

Years of Experience

Less than 1 year
7%
1-4 years
51%
5-9 years
32%
10-19 years
9%
20 years or more
1%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 74%
vision benefits Vision: 57% employee benefits None: 9%