Associate - Investment Banking Salary

Earnings for Investment Banking Associates in the United States come in at around $76K annually on average. Overall cash earnings for Investment Banking Associates stretch from $43K on the lower end to $125K near the top, and the heftiest packages can encompass around $34K from bonuses and $15K from profit sharing. Location is the biggest factor affecting pay for this group, followed by career duration. Job satisfaction for Investment Banking Associates is high. Medical benefits are awarded to most, and a strong majority earn dental coverage. More than half of Investment Banking Associates (68 percent) survey respondents are men. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$45,438 - $103,180
(Median)
$45K
$76K
$100K
MEDIAN: $75,912
10%
50%
90%

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$11.33 - $22.60
(Median)
$11
$17
$23
MEDIAN: $17.00
10%
50%
90%

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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
$45,438 - $103,180  
   
Bonus
$0.00 - $34,153  
Profit Sharing
$976 - $15,260  
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).
)
$42,832 - $125,040  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 371
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
$11.33 - $22.60  
   
Overtime
$11.00 - $52.50  
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 - $34,153  
   
Profit Sharing
$976 - $15,260  
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).
)
$42,832 - $125,040  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 23
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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


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Investment Banking Associates who move on to become VPs of Finance may enjoy significant pay raises, as VPs of Finance get paid an average of $136K per year. It is quite typical for Investment Banking Associates to transition into roles as Investment Banking VPs or VPs of Operations, where reported median earnings are $52K and $38K higher per year.

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Popular Skills for Associate - Investment Banking


Investment Banking Associates usually report a few specific skills. Project Management and Financial Modeling are considered valuable skills and can increase employee pay by 15 percent and 6 percent, respectively. Those proficient in Financial Analysis are, more often than not, also skilled in Project Management.

Pay Difference by Location


Home to some of the best pay for Investment Banking Associates, Dallas offers exceptional salaries, 19 percent above the national average. Investment Banking Associates can also look forward to large paychecks in cities like New York (+18 percent), Houston (+9 percent), Chicago (+4 percent), and San Francisco (+2 percent). With compensation 10 percent below the national average, Columbus is not known for hefty paychecks and actually represents the lowest-paying market.

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Experience Affects Associate - Investment Banking Salaries



National Average
$84,000

Experienced
up arrow 1%

Skills That Affect Associate - Investment Banking Salaries

Project Management
up arrow 15%


Financial Analysis
up arrow 1%

National Average
$84,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 60 votes.

Gender

Female
32 %
Male
68 %

Years of Experience

Less than 1 year
7%
1-4 years
53%
5-9 years
30%
10-19 years
9%
20 years or more
1%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 74%
vision benefits Vision: 58% employee benefits None: 10%
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