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Associate - Investment Banking Salary

Earnings for Investment Banking Associates in the United States come in at around $75K annually on average. In the world of Investment Banking Associates, total cash compensation can vary between $42K and $125K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $39K and $15K, respectively. Location is the biggest factor affecting pay for this group, followed by career duration. Most Investment Banking Associates report high levels of job satisfaction. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the greater part. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$44,014 - $102,751
(Median)
$44K
$75K
$100K
MEDIAN: $75,154
10%
50%
90%

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$11.42 - $22.81
(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
$44,014 - $102,751  
   
Bonus
$0.45 - $39,072  
Profit Sharing
$981 - $15,152  
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).
)
$42,251 - $125,077  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 469
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
$11.42 - $22.81  
   
Overtime
$11.33 - $50.90  
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
$0.45 - $39,072  
   
Profit Sharing
$981 - $15,152  
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).
)
$42,251 - $125,077  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 30
United States (change)

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 go on to become Investment Banking VPs may see their salaries climb quite a bit. Median pay for Investment Banking VPs is $138K annually. VPs of Finance or VPs of Operations are common next-step roles for Investment Banking Associates moving up in their careers; annual pay for VPs of Finance is $52K higher on average, and it's $38K higher for VPs of Operations.

Associate - Investment Banking Job Listings

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Popular Skills for Associate - Investment Banking


Investment Banking Associates report a narrow range of specific skills. Project Management and Financial Modeling are considered valuable skills and can increase employee pay by 9 percent and 5 percent, respectively. The majority of those who know Financial Analysis also know Project Management.

Pay Difference by Location


Investment Banking Associates will find that New York offers an impressive pay rate, one which exceeds the national average by 18 percent. Investment Banking Associates will also find cushy salaries in Houston (+9 percent) and Chicago (+8 percent). The lowest-paying market is Columbus, which sits 9 percent below the national average.

Related Job Salaries

Experience Affects Associate - Investment Banking Salaries



Experienced
0%

National Average
$84,000

Skills That Affect Associate - Investment Banking Salaries

Project Management
up arrow 9%

Financial Modeling
up arrow 5%

National Average
$84,000

Financial Analysis
up arrow 1%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 112 votes.

Gender

Female
31 %
Male
69 %

Years of Experience

Less than 1 year
8%
1-4 years
53%
5-9 years
30%
10-19 years
8%
20 years or more
1%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 73%
vision benefits Vision: 57% employee benefits None: 9%