Investment Banker Salary

Compensation for Investment Bankers in the United States is generous, with average pay surpassing six figures annually ($84K). Total cash compensation for Investment Bankers runs from $45K to $287K depending on bonuses that can occasionally exceed $103K and profit sharing that can reach almost $30K. The most influential factor affecting pay for this group is experience level, though the particular city and the individual firm have a (lesser) impact as well. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Most workers in this position report high levels of job satisfaction. Male Investment Bankers are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. This overview is based on answers to PayScale's salary questionnaire.
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$43,646 - $198,161
(Median)
$44K
$84K
$200K
MEDIAN: $84,290
10%
50%
90%

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$16.89 - $50.34
(Median)
$17
$21
$50
MEDIAN: $21.00
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$100K$200K$300K
Salary
$43,646 - $198,161  
   
Bonus
$983 - $103,424  
Profit Sharing
$100.00 - $30,000  
Commission
$10,000  
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).
)
$44,829 - $286,629  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 264
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$50$100$150
Hourly Rate
$16.89 - $50.34  
   
Hourly Tips
$0.11  
Overtime
$45.00  
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$100K$200K$300K
Bonus
$983 - $103,424  
   
Commission
$10,000  
Profit Sharing
$100.00 - $30,000  
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).
)
$44,829 - $286,629  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 18
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Job Description for Investment Banker

When companies, organizations, or government entities need to raise capital, one of the best ways to do so is to turn to the services of an investment banker. Investment bankers are the highly skilled professionals at financial institutions who examine an entity's financial health, capital needs, and goals. Then they recommend a strategy to improve or manifest them. The investment banker then acts as a go-between for the organization looking to raise money and those looking to make financial investments.

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Investment Banker Tasks

  • Conduct industry and company research to engage clients and develop new business.
  • Participate and manage all stages of the transaction process from opening pitch to closing investment contract(s).
  • Perform valuation analyses using various methodologies such as trading and transaction comparisons (comps), discounted cash flow and leveraged buyout (LBOs).
  • Assist companies, organizations, governments and their agencies in raising public or private money through debt and/or equity.
  • Construct fully integrated, detailed financial models to support Merger and Acquisitions (M&A) transactions and Financial Planning and Analysis (FP&A) communications.

Investment Banker Job Listings

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Popular Employer Salaries for Investment Banker


J.P. Morgan Chase & Co. (JPMCC) offers the least money; the median income there is just $146K. The pay range is also pretty narrow, as compensation generally sits between $74K and $296K.

Popular Skills for Investment Banker


Job skills reported by Investment Bankers are limited. Skill set and salary are closely correlated, and individuals who are practiced in Mergers and Acquisitions, Financial Modeling and Financial Analysis abilities will see corresponding pay increases between 8 percent and 18 percent. Most people familiar with Financial Analysis also know Mergers and Acquisitions.

Pay by Experience Level for Investment Banker

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience seems to be a major factor in determining the incomes of Investment Bankers. The relatively untested earn a median of $98K per year, but survey respondents who have racked up five to 10 years of experience report a six-figure median of $120K. People with 10 to 20 years of experience make an average of about $125K in this role. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $176K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

Pay Difference by Location

National Average: $104,037

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

For Investment Bankers, busy Los Angeles offers a higher-than-average pay rate, 41 percent above the national average. Investment Bankers will also find cushy salaries in San Francisco (+39 percent) and New York (+23 percent). Investment Bankers in Houston take home the lowest salaries, earning a whopping 23 percent less than the national average.

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Experience Affects Investment Banker Salaries

Late-Career
up arrow 69%

Experienced
up arrow 20%


National Average
$104,000


Skills That Affect Investment Banker Salaries

Financial Modeling
up arrow 18%



National Average
$104,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 37 votes.

Gender

Female
21 %
Male
79 %

Years of Experience

Less than 1 year
14%
1-4 years
41%
5-9 years
23%
10-19 years
18%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 73%
medical benefits
Vision: 61%
dental benefits
None: 10%
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