Associate - Investment Banking Salary

The average Investment Banking Associate in the United States can expect to rake in roughly $73K annually. Cash earnings for Investment Banking Associates — which occasionally include more than $52K from bonuses and more than $39K from profit sharing — stretch from around $45K to approximately $159K. Location is the biggest factor affecting pay for this group, followed by career duration. Work is enjoyable for Investment Banking Associates, who typically claim high levels of job satisfaction. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the larger part. Making up 71 percent of those who took the survey, male Investment Banking Associates greatly outnumber their female counterparts. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$44,991 - $121,208
$45K
$73K
$120K
MEDIAN: $72,779
10%
50%
90%

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$13.09 - $39.73
$13
$20
$40
MEDIAN: $20.10
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$60K$120K$180K
Salary
$44,991 - $121,208  
   
Bonus
$1,005 - $52,198  
Profit Sharing
$0.00 - $39,149  
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).
)
$45,209 - $158,983  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 183
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$30$60$90
Hourly Rate
$13.09 - $39.73  
   
Overtime
$38.97  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$60K$120K$180K
Bonus
$1,005 - $52,198  
   
Profit Sharing
$0.00 - $39,149  
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).
)
$45,209 - $158,983  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 10

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United States (change)

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Job Description for Associate - Investment Banking

Associates in investment banking are usually recent MBA graduates. They may also be internal staff, who were promoted after three or more years working experience as financial analysts. They perform extensive investment valuation analyses. They must be consumer-focused. They must have direct investment banking experience.

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Associate - Investment Banking Tasks

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

Common Career Paths for Associate - Investment Banking


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Investment Banking Associates might see a strong upturn in salary after transitioning into upper-level roles such as VP of Finance, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $139K per year. An Investment Banking VP role is the most common promotion for Investment Banking Associates moving up the ladder, and pay for the position tends to be around the $136K mark. Another typical, albeit less common, transition for Investment Banking Associates is a Senior Financial Analyst position, where earnings are usually $76K.

Associate - Investment Banking Job Listings

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Popular Skills for Associate - Investment Banking


Typical Investment Banking Associates report a focused set of job skills. Most notably, facility with Financial Modeling, Project Management, and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 23 percent, 7 percent, and 6 percent, respectively. Those familiar with Financial Analysis also tend to know Project Management.

Pay Difference by Location

National Average: $79,353

Larger city markers indicate a job is popular in that location.

For Investment Banking Associates, busy San Francisco offers a higher-than-average pay rate, 107 percent above the national average. Investment Banking Associates can also look forward to large paychecks in cities like Los Angeles (+26 percent), New York (+16 percent), Houston (+15 percent), and Phoenix (+9 percent). Investment Banking Associates in Kansas City report much lower salaries than the rest of the country — 50 percent below the national average — proving that residence is a major factor in overall pay. Employers pay around 9 percent less in St. Louis and 6 percent less in Atlanta, below-median salaries for those in this field.

Associate - Investment Banking Reviews

Q: What is it like working as an Associate - Investment Banking?

Associate - Investment Banking in New York:
"Good Exposure."
Pros: What I like most is the different types of tasks there is to do. No day is the same. I learn everyday something new and develop and sharpen skills.
Cons: The nitty gritty work that is required weekly, monthly or quarterly. My compensation structure. I am under valued and taken advantage of.

Related Job Salaries

Key Stats for Associate - Investment Banking

Gender

Female
29 %
Male
71 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 22 votes.
Less than 1 year
6%
1-4 years
62%
5-9 years
19%
10-19 years
12%
20 years or more
1%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Associate - Investment Banking Salaries

▲10%

▼0%

National Average
$79,000

Experienced
▼7%

Skills That Affect Associate - Investment Banking Salaries




Microsoft Excel
▲6%

National Average
$79,000

Valuation
▼2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 22 votes.

Gender

Female
29 %
Male
71 %

Years of Experience

Less than 1 year
6%
1-4 years
62%
5-9 years
19%
10-19 years
12%
20 years or more
1%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 74%
vision benefits
Vision: 62%
dental benefits
None: 11%
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