Associate - Investment Banking Salary (United States)

A relatively junior crowd, approximately two-thirds of Associate - Investment Bankings have fewer than five years of experience under their belt and the average salary for the field is $82,197 per year. Pay ranges from $41,553 on the low end to $123,824 per year on the higher side. Including potential for bonuses and profit sharing—peaking near $36K and $15,205, respectively—total cash payment can bottom out near $43,007 or peak near $102,223. Geography is the biggest factor affecting pay for this group, followed by career length. The majority in this profession are lucky enough to receive benefits; most get medical and dental insurance, and more than half get vision plans, too. Most workers in this position report high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.
Associate - Investment Banking Salary (?
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.
)
$43,007 - $102,223
(Median)
43K
58K
74K
91K
100K
MEDIAN: $73,924
10%
25%
50%
75%
90%
Add this chart to your site: 640px    300px
Associate - Investment Banking Salary (?
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.
)
$11.53 - $22.67
(Median)
12
15
17
20
23
MEDIAN: $17.00
10%
25%
50%
75%
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
$43,007 - $102,223  
   
Bonus
$484.79 - $36,427  
Profit Sharing
$979 - $15,205  
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).
)
$41,553 - $123,824  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 522
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
$11.53 - $22.67  
   
Overtime
$10.93 - $44.05  
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
$484.79 - $36,427  
   
Profit Sharing
$979 - $15,205  
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).
)
$41,553 - $123,824  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 32
Is Associate - Investment Banking your job title? Get a personalized salary report!
Location:
United States (change)
Years in Field/Career:

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   Copy and paste this HTML:
For Associate - Investment Bankings, career advancement has a positively large impact on pay. Approaching the top of the pay scale, a Investment Banking VP will earn $63K more than someone not as far along in their career. Associate - Investment Bankings can earn $55K or $39K more per year when they move into roles as Finance VPs or Operations VPs, a common transition for those in the field.

Associate - Investment Banking Job Listings

Search for more jobs:
job title / company
location

Popular Skills for Associate - Investment Banking

Job skills reported by Associate - Investment Bankings are limited. Project Management and Financial Modeling are considered valuable skills and can increase employee pay by 6 percent and 5 percent respectively. Most people experienced in Financial Analysis also know Project Management.

Pay Difference By Location

up arrow 19%
Houston
up arrow 10%
National Average
$82,000
San Francisco
up arrow 1%
Chicago
up arrow 2%
Columbus
up arrow 8%
Larger circles over a city indicate a job is popular in that location.
For Associate - Investment Bankings, busy New York offers a higher-than-average pay rate, 19 percent above the national average. Associate - Investment Bankings will also find cushy salaries in Houston (+10 percent). The lowest-paying market is Columbus, which sits 8 percent below the national average. Employers also pay below the national average in Chicago (-2 percent) and San Francisco (-1 percent).

Related Job Salaries

Experience Affects Associate - Investment Banking Salaries

Mid-Career
up arrow 7%
Experienced
0%
National Average
$82,000

Skills That Affect Associate - Investment Banking Salaries

Project Management
up arrow 6%
Financial Modeling
up arrow 5%
National Average
$82,000
Financial Analysis
up arrow 1%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 140 votes.

Gender

Female
31%
female alumni
 
Male
69%
male alumni

Years of Experience

Less than 1 year
8%
1-4 years
54%
5-9 years
29%
10-19 years
8%
20 years or more
1%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 73%
vision benefits Vision: 57% employee benefits None: 9%
Find Out Exactly What You Should Be Paid
Job Title:
Years in Field/Career:
Location:
United States (change)
- OR -