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Associate - Investment Banking Salary

Earnings for Investment Banking Associates in the United States come in at around $76K per year on average. Total cash compensation to Investment Banking Associates bottoms out near $43K and approaches $126K on the high end; the biggest paychecks include approximately $36K from bonuses and almost $15K from profit sharing. Geographic location and career duration each impact pay for this group, with the former having the largest influence. The majority of Investment Banking Associates claim high levels of job satisfaction. Medical benefits are awarded to a large number, and a fair number earn dental coverage. More than half of Investment Banking Associates (69 percent) survey respondents are men. The information for this snapshot was generated by responses to the PayScale salary survey.
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$45,281 - $103,278
(Median)
$45K
$76K
$100K
MEDIAN: $75,864
10%
50%
90%

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$11.20 - $22.48
(Median)
$11
$18
$22
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
$45,281 - $103,278  
   
Bonus
$0.00 - $35,922  
Profit Sharing
$986 - $15,050  
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).
)
$42,901 - $125,674  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 402
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
$11.20 - $22.48  
   
Overtime
$11.07 - $52.15  
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
$0.00 - $35,922  
   
Profit Sharing
$986 - $15,050  
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).
)
$42,901 - $125,674  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 25

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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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For Investment Banking Associates, progressing to an Investment Banking VP role may result in a significant raise. On average, an Investment Banking VP can earn $139K annually. A common career progression for an Investment Banking Associate is to become a VP of Finance or a VP of Operations. Compared to Investment Banking Associates, the first group earns $52K more on average, and the second group earns $37K more.

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 14 percent and 6 percent, respectively. Those familiar with Financial Analysis also tend to know Project Management.

Pay Difference by Location


For Investment Banking Associates, busy New York offers a higher-than-average pay rate, 17 percent above the national average. Investment Banking Associates will also find cushy salaries in Dallas (+12 percent), Houston (+8 percent), Chicago (+3 percent), and San Francisco (+1 percent). The smallest paychecks in the market, 10 percent south of the national average, can be found in Columbus.

Related Job Salaries

United States (change)

Experience Affects Associate - Investment Banking Salaries



National Average
$85,000

Experienced
up arrow 3%

Skills That Affect Associate - Investment Banking Salaries

Project Management
up arrow 14%

Financial Modeling
up arrow 6%

Financial Analysis
0%

National Average
$85,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 74 votes.

Gender

Female
31 %
Male
69 %

Years of Experience

Less than 1 year
7%
1-4 years
52%
5-9 years
31%
10-19 years
9%
20 years or more
1%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 74%
vision benefits Vision: 57% employee benefits None: 10%
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