An Associate - Investment Banking earns an average salary of $72,923 per year. People in this job generally don't have more than 10 years' experience.
Associate - Investment Banking Total Pay (?
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.
)
$41,513 - $101,638
(Median)
42K
56K
73K
89K
100K
MEDIAN: $72,922
10%
25%
50%
75%
90%
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Associate - Investment Banking Total Pay (?
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.
)
$11.33 - $25.17
(Median)
11
15
18
20
25
MEDIAN: $17.00
10%
25%
50%
75%
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
$41,513 - $101,638  
   
Bonus
$993 - $36,139  
Profit Sharing
$125.00 - $15,000  
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).
)
$41,235 - $122,975  
PayScale
Country: United States | Currency: USD | Updated: 20 Apr 2014 | Individuals Reporting: 720
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 - $25.17  
   
Overtime
$11.63 - $54.10  
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
$993 - $36,139  
   
Profit Sharing
$125.00 - $15,000  
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).
)
$41,235 - $122,975  
PayScale
Country: United States | Currency: USD | Updated: 20 Apr 2014 | Individuals Reporting: 720
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Popular Employer Salaries for Associate - Investment Banking
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.
Read more about: Financial Analysts
Popular Skills for Associate - Investment Banking
Pay Difference By Location
up arrow 17%
Houston
up arrow 9%
Chicago
up arrow 1%
National Average
$81,000
San Francisco
up arrow 6%
Columbus
up arrow 7%
Boston
up arrow 8%
Salt Lake City
up arrow 18%
Jacksonville
up arrow 29%
Larger circles over a city indicate a job is popular in that location.
Related Job Salaries

Experience Affects Associate - Investment Banking Salaries

Mid-Career
up arrow 10%
Experienced
up arrow 3%
National Average
$81,000

Skills That Affect Associate - Investment Banking Salaries

Financial Modeling
up arrow 9%
Project Management
up arrow 7%
Financial Analysis
up arrow 2%
National Average
$81,000
Job Satisfaction
Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 160 votes.
Gender
Female
30%
female alumni
 
Male
70%
male alumni
Years of Experience
Less than 1 year
8%
1-4 years
55%
5-9 years
28%
10-19 years
8%
20 years or more
1%
Common Health Benefits
medical benefits Medical: 89% dental benefits Dental: 72%
vision benefits Vision: 58% employee benefits None: 9%
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