Associate - Investment Banking Salary

Investment Banking Associates in the United States take home approximately $76K annually on average. Overall cash earnings for Investment Banking Associates stretch from $43K on the lower end to $125K near the top, and the heftiest packages can encompass around $34K from bonuses and $15K from profit sharing. Location is the biggest factor affecting pay for this group, followed by tenure. The majority of Investment Banking Associates (68 percent) who took the survey are men. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the greater part. Most workers in this position report high levels of job satisfaction. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$44,948 - $103,158
(Median)
$45K
$76K
$100K
MEDIAN: $75,703
10%
50%
90%

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$11.33 - $22.60
(Median)
$11
$17
$23
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
$44,948 - $103,158  
   
Bonus
$0.00 - $34,153  
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).
)
$42,577 - $125,004  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 372
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
$11.33 - $22.60  
   
Overtime
$11.00 - $52.50  
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 - $34,153  
   
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).
)
$42,577 - $125,004  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 23
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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 may progress into high-paying roles like Investment Banking VP, where median compensation is $139K annually. The most common next step for an Investment Banking Associate is to become a VP of Finance or a VP of Operations. The former position pays an additional $52K per year on average, and the latter position pays $38K more per year.

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Popular Skills for Associate - Investment Banking


Investment Banking Associates note just a narrow range of job skills. Project Management and Financial Modeling are considered valuable skills and can increase employee pay by 14 percent and 7 percent, respectively. Most people experienced in Financial Analysis also know Project Management.

Pay Difference by Location


With a pay rate for Investment Banking Associates that is 19 percent greater than the national average, New York offers a comfortable salary for those in this profession. Investment Banking Associates can also look forward to large paychecks in cities like Dallas (+14 percent), Houston (+10 percent), Chicago (+5 percent), and San Francisco (+3 percent). The lowest-paying market is Columbus, which sits 9 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 Modeling
up arrow 7%

Financial Analysis
up arrow 1%

National Average
$84,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 60 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
9%
20 years or more
1%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 74%
vision benefits Vision: 59% employee benefits None: 10%
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