Get a Salary Report for



- Compare Your Salary
- Evaluate a Job Offer


- Price a New Hire
- Give a Raise



- Benchmark Jobs
- Create a Comp Plan

Associate - Investment Banking Salary (United States)

With just below two-thirds of Investment Banking Associates reporting fewer than five years of experience, the average pay is $74K per year. Total cash compensation to Investment Banking Associates approaches anywhere from $42K on the lower end to $124K on the higher end; in exceptional cases, this can include more than $36K from bonuses and upwards of $15K from profit sharing. Geographic location and career duration each impact pay for this group, with the former having the largest influence. A strong majority enjoy medical while a fair portion get dental coverage. Vision coverage is also available to more than half. Job satisfaction is reported as high by the vast majority of workers. This overview is based on answers to PayScale's salary questionnaire.
Associate - Investment Banking Salary (?
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.
)
$43,007 - $102,223
(Median)
43K
58K
74K
91K
100K
MEDIAN: $73,924
10%
25%
50%
75%
90%
Add this chart to your site: 640px    300px
Associate - Investment Banking Salary (?
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.
)
$11.53 - $22.67
(Median)
12
15
17
20
23
MEDIAN: $17.00
10%
25%
50%
75%
90%
Add this chart to your site: 640px    300px

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
$43,007 - $102,223  
   
Bonus
$484.79 - $36,427  
Profit Sharing
$979 - $15,205  
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).
)
$41,553 - $123,824  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 522
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
$11.53 - $22.67  
   
Overtime
$10.93 - $44.05  
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
$484.79 - $36,427  
   
Profit Sharing
$979 - $15,205  
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).
)
$41,553 - $123,824  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 32
Is Associate - Investment Banking your job title? Get a personalized salary report!
Location:
Years in Field/Career:
Location:
Years in Field/Career:
United States (change)

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

Add this chart to your site:   640px 640px    300px 300px   Copy and paste this HTML:
Investment Banking Associates who go on to become Investment Banking VPs may see their salaries climb quite a bit. Median pay for Investment Banking VPs is $145K annually. VPs of Finance or VPs of Operations are common next-step roles for Investment Banking Associates moving up in their careers; annual pay for VPs of Finance is $54K higher on average, and it's $39K higher for VPs of Operations.

Associate - Investment Banking Job Listings

Search for more jobs:
job title / company
location

Popular Skills for Associate - Investment Banking

Investment Banking Associates who responded to the survey report just a handful of professional skills. Project Management and Financial Modeling are considered valuable skills and can increase employee pay by 6 percent and 5 percent respectively. Most people skilled in Financial Analysis are similarly competent in Project Management.

Pay Difference By Location

up arrow 19%
Houston
up arrow 10%
National Average
$82,000
San Francisco
up arrow 1%
Chicago
up arrow 2%
Columbus
up arrow 8%
Larger circles over a city indicate a job is popular in that location.
Investment Banking Associates will find that New York offers an impressive pay rate, one which exceeds the national average by 19 percent. Investment Banking Associates will also find cushy salaries in Houston (+10 percent). Those in the field find the lowest salaries in Columbus, 8 percent below the national average. Not at the bottom but still paying below the median are employers in Chicago and San Francisco (2 percent lower and 1 percent lower, respectively).

Related Job Salaries

Find Out Exactly What You Should Be Paid
Job Title:
Years in Field/Career:
Location:
United States (change)
- OR -

Experience Affects Associate - Investment Banking Salaries

Mid-Career
up arrow 7%
Experienced
0%
National Average
$82,000

Skills That Affect Associate - Investment Banking Salaries

Project Management
up arrow 6%
Financial Modeling
up arrow 5%
National Average
$82,000
Financial Analysis
up arrow 1%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 140 votes.

Gender

Female
31%
female alumni
 
Male
69%
male alumni

Years of Experience

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

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 73%
vision benefits Vision: 57% employee benefits None: 9%