Associate - Investment Banking Salary

The average Investment Banking Associate in the United States earns approximately $79K annually. Total cash compensation to Investment Banking Associates bottoms out near $46K and approaches $143K on the high end; the biggest paychecks include approximately $48K from bonuses and almost $15K from profit sharing. Location is the biggest factor affecting pay for this group, followed by years of experience. Nearly all report receiving medical coverage from their employers and a strong majority collect dental insurance. For the most part, Investment Banking Associates enjoy their work and report high levels of job satisfaction. Generally, women make up less than a third of all Investment Banking Associates who answered the questionnnaire. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$48,390 - $119,860
(Median)
$48K
$79K
$120K
MEDIAN: $78,709
10%
50%
90%

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$13.03 - $22.76
(Median)
$13
$18
$23
MEDIAN: $17.00
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
$48,390 - $119,860  
   
Bonus
$0.00 - $48,441  
Profit Sharing
$0.00 - $15,101  
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).
)
$46,459 - $142,657  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 390
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
$13.03 - $22.76  
   
Overtime
$10.93 - $42.45  
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
$0.00 - $48,441  
   
Profit Sharing
$0.00 - $15,101  
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).
)
$46,459 - $142,657  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 20
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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

  • 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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Advancing into a VP of Finance role seems to be a popular career move for Investment Banking Associates, and folks who currently work in the latter position report a notably larger median income of $137K per year. It is quite typical for Investment Banking Associates to transition into roles as Investment Banking VPs or Portfolio Managers, where reported median earnings are $48K and $2K higher per year.

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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 Project Management, Financial Modeling, Financial Analysis, and Valuation are correlated to pay that is above average, with boosts between 4 percent and 13 percent. Skills that pay less than market rate include Valuation. Most people who know Financial Analysis also know Project Management.

Pay Difference by Location

National Average: $88,418

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 can also look forward to large paychecks in cities like New York (+15 percent), Los Angeles (+13 percent), Chicago (+4 percent), and Houston (+4 percent). The lowest-paying market is Columbus, which sits 14 percent below the national average.

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.

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Experience Affects Associate - Investment Banking Salaries



National Average
$88,000

Experienced
up arrow 4%

Skills That Affect Associate - Investment Banking Salaries


Project Management
up arrow 13%

Financial Analysis
up arrow 4%

National Average
$88,000

Valuation
up arrow 12%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 62 votes.

Gender

Female
26 %
Male
74 %

Years of Experience

Less than 1 year
8%
1-4 years
54%
5-9 years
29%
10-19 years
9%
20 years or more
0%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 77%
medical benefits
Vision: 62%
dental benefits
None: 8%
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