Associate - Investment Banking Salary

Investment Banking Associates in the United States can expect wages of $76K per year on average. Total cash compensation for Investment Banking Associates runs from $43K to $125K depending on bonuses that can occasionally exceed $32K and profit sharing that can reach almost $15K. Geographic location and career length each impact pay for this group, with the former having the largest influence. There are more male Investment Banking Associates than female among those who completed the questionnaire, making up 68 percent. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. The majority of Investment Banking Associates claim high levels of job satisfaction. This report is based on responses to the PayScale salary survey.
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$46,039 - $103,257

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$11.23 - $22.58

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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
$46,039 - $103,257  
   
Bonus
$0.00 - $32,492  
Profit Sharing
$976 - $15,260  
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).
)
$43,248 - $124,560  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 366
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
$11.23 - $22.58  
   
Overtime
$10.93 - $52.85  
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 - $32,492  
   
Profit Sharing
$976 - $15,260  
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).
)
$43,248 - $124,560  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 22
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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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Investment Banking Associates often transition into VP of Finance positions, for which compensation tends to be much higher. On average, VPs of Finance earn $136K per year. Investment Banking Associates most often move into positions as Investment Banking VPs or VPs of Operations; those groups report median salaries that are $51K higher and $38K higher, respectively.

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Popular Skills for Associate - Investment Banking


Typical Investment Banking Associates report a focused set of job skills. Project Management and Financial Modeling are considered valuable skills and can increase employee pay by 14 percent and 6 percent, respectively. Most people who know Financial Analysis also know Project Management.

Pay Difference by Location


New York is home to an above-average pay rate for Investment Banking Associates, 18 percent higher than the national average. Investment Banking Associates will also find cushy salaries in Houston (+9 percent), Dallas (+8 percent), Chicago (+4 percent), and San Francisco (+2 percent). The lowest-paying market is Columbus, which sits 10 percent below the national average.

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Experience Affects Associate - Investment Banking Salaries



National Average
$84,000

Experienced
up arrow 1%

Skills That Affect Associate - Investment Banking Salaries

Project Management
up arrow 14%


Financial Analysis
0%

National Average
$84,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 58 votes.

Gender

Female
32 %
Male
68 %

Years of Experience

Less than 1 year
7%
1-4 years
53%
5-9 years
30%
10-19 years
10%
20 years or more
1%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 74%
vision benefits Vision: 58% employee benefits None: 10%
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