Associate - Investment Banking Salary

Average Investment Banking Associates in the United States make around $72K annually. In the world of Investment Banking Associates, overall income ranges from $41K near the bottom to $150K at the top; this can include more than $51K from bonuses and more than $40K from profit sharing in exceptional cases. Geography is the biggest factor affecting pay for this group, followed by experience level. Job satisfaction is high and work is enjoyable for most Investment Banking Associates. Medical benefits are awarded to most, and a strong majority earn dental coverage. Most Investment Banking Associates survey respondents are men (70 percent). This report is based on answers to PayScale's salary questionnaire.
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$41,410 - $122,218
$41K
$72K
$120K
MEDIAN: $72,478
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$50K$100K$150K
Salary
$41,410 - $122,218  
   
Bonus
$991 - $51,064  
Profit Sharing
$0.00 - $39,732  
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).
)
$41,414 - $150,000  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 174
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$25$50$75
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$50K$100K$150K
Bonus
$991 - $51,064  
   
Profit Sharing
$0.00 - $39,732  
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).
)
$41,414 - $150,000  
Country: United States | Currency: USD | Updated: 25 Mar 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 who move on to become VPs of Finance may enjoy significant pay raises, as VPs of Finance get paid an average of $139K per year. The most common career progression for Investment Banking Associates leads to becoming an Investment Banking VP, where average pay is $136K annually. However, many Investment Banking Associates also opt to become Senior Financial Analysts. Typically, a Senior Financial Analyst brings home $76K.

Associate - Investment Banking Job Listings

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Popular Skills for Associate - Investment Banking


Survey results suggest that Investment Banking Associates use a fairly large toolkit of professional skills. Most notably, facility with Financial Modeling, Microsoft Excel, and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 23 percent, 8 percent, and 7 percent, respectively. Those familiar with Financial Analysis also tend to know Project Management.

Pay Difference by Location

National Average: $78,595

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, 80 percent above the national average. Investment Banking Associates can also look forward to large paychecks in cities like Los Angeles (+27 percent), New York (+19 percent), Houston (+17 percent), and Phoenix (+10 percent). Place of residence plays a huge part in an Investment Banking Associate's salary, with Kansas City Investment Banking Associates earning salaries that are 49 percent less than the national average. Employers also pay below the national average in Newark and Seattle (19 percent lower).

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
30 %
Male
70 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 21 votes.
Less than 1 year
7%
1-4 years
60%
5-9 years
19%
10-19 years
13%
20 years or more
1%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Associate - Investment Banking Salaries

▲7%

National Average
$79,000

▼1%

▼6%

Skills That Affect Associate - Investment Banking Salaries





National Average
$79,000

Valuation
▼1%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 21 votes.

Gender

Female
30 %
Male
70 %

Years of Experience

Less than 1 year
7%
1-4 years
60%
5-9 years
19%
10-19 years
13%
20 years or more
1%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 73%
vision benefits
Vision: 63%
dental benefits
None: 11%
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