Investment Banking Associates in the United States take home an average $73K per year. In the world of Investment Banking Associates, overall income ranges from $47K near the bottom to $147K at the top; this can include more than $52K from bonuses and more than $20K from profit sharing in exceptional cases. Geographic location and experience level each impact pay for this group, with the former having the largest influence. Generally, women make up less than a third of all Investment Banking Associates who answered the questionnnaire. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Most Investment Banking Associates like their work and job satisfaction is high. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$45,245 - $122,687
$45K
$73K
$120K
MEDIAN: $73,160
10%
50%
90%

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$16.25 - $30.03
$20
MEDIAN: $20
50%

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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
$45,245 - $122,687  
   
Bonus
$1,004 - $51,712  
Profit Sharing
$0.00 - $20,000  
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).
)
$46,992 - $146,705  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 185
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
$20.38  
   
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
$1,004 - $51,712  
   
Profit Sharing
$0.00 - $20,000  
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).
)
$46,992 - $146,705  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 9

Find Out Exactly What You Should Be Paid

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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Many Investment Banking Associates move into a VP of Finance role, and folks who currently hold that position report a much higher median income of $138K per year. Going from Investment Banking Associate to Investment Banking VP is the transition that occurs most often in this field, where the paychecks are $136K. Many others choose to work as Senior Financial Analysts, where pay is typically $76K.

Associate - Investment Banking Job Listings

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Popular Skills for Associate - Investment Banking


Just a handful of professional skills are reported by Investment Banking Associates who took the survey. Most notably, skills in Financial Modeling, Project Management, Financial Analysis, and Microsoft Excel are correlated to pay that is above average, with boosts between 5 percent and 20 percent. Skills that are correlated to lower pay, on the other hand, include Valuation. It is often found that people who know Financial Analysis are also skilled in Project Management.

Pay Difference by Location

National Average: $80,408

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

For Investment Banking Associates, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. Investment Banking Associates will also find cushy salaries in New York (+26 percent), Los Angeles (+24 percent), Houston (+14 percent), and Chicago (+4 percent). With compensation 10 percent below the national average, St. Louis is not known for hefty paychecks and actually represents the lowest-paying market. Employers also pay below the national average in Atlanta (7 percent lower) and Columbus (6 percent lower).

Associate - Investment Banking Reviews

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
26 %
Male
74 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 25 votes.
Less than 1 year
7%
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



National Average
$80,000

Experienced
up arrow 8%

Skills That Affect Associate - Investment Banking Salaries




Microsoft Excel
up arrow 2%

National Average
$80,000

Valuation
up arrow 4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 25 votes.

Gender

Female
26 %
Male
74 %

Years of Experience

Less than 1 year
7%
1-4 years
62%
5-9 years
19%
10-19 years
12%
20 years or more
1%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 71%
vision benefits
Vision: 58%
dental benefits
None: 13%
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