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Investment Banker Salary (United States)

For Investment Bankers, higher-than-average salaries are found among experienced workers, where employees bring in around $164K relative to the national average of $82K per year for others in this line of work. At career start (within the first five years), average income sits near $88K, and the average for folks who have worked for five to 10 years is only slightly higher at $104K. After working for 10 to 20 years, Investment Bankers make a median salary of $164K. Workers in this area tend to have one to nine years of experience. Experienced employees who have 10-20 years of experience make up a little less than a fifth of the workforce; inexperienced individuals who have been working for less than one year comprise nearly one in seven, and senior people with more than 20 years under their belt fill out the remaining fewer than one in twenty. The information for this snapshot was generated by responses to the PayScale salary survey.
Investment Banker 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.
)
$41,155 - $201,088
(Median)
41K
60K
82K
120K
200K
MEDIAN: $81,590
10%
25%
50%
75%
90%
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Investment Banker 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.
)
$12.37 - $48.94
(Median)
12
16
37
49
MEDIAN: $18.00
10%
25%
75%
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$100K$200K$300K
Salary
$41,155 - $201,088  
   
Bonus
$970 - $139,061  
Profit Sharing
$250.00 - $225,000  
Commission
$2,011 - $14,740  
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).
)
$43,277 - $291,886  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 251
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$50$100$150
Hourly Rate
$12.37 - $48.94  
   
Overtime
$1.57 - $62.40  
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$100K$200K$300K
Bonus
$970 - $139,061  
   
Commission
$2,011 - $14,740  
Profit Sharing
$250.00 - $225,000  
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).
)
$43,277 - $291,886  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 22
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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

For Investment Bankers, comfortable salaries can be found at The Goldman Sachs Group, Inc.; in fact, typical earnings are around $118K, the highest in the area, though the difference in the company's lowest and highest employee paychecks ($77K versus $258K) is great. While select J.P. Morgan Chase & Co. (JPMCC) employees may bring in up to $291K, a median salary of only $110K — the lowest in the field — suggests a serious lag in the earnings department. The Goldman Sachs Group, Inc. is also at the bottom of the scale.

Popular Skills for Investment Banker

Investment Bankers only report a few specific skills. Most notably, facility with Mergers and Acquisitions, Financial Modeling, and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 38 percent, 19 percent, and 7 percent, respectively. Most people experienced in Financial Analysis also know Mergers and Acquisitions.

Pay Difference By Location

up arrow 36%
San Francisco
up arrow 21%
Chicago
up arrow 5%
National Average
$100,000
Larger circles over a city indicate a job is popular in that location.
For Investment Bankers, New York provides a pay rate that is 36 percent greater than the national average. Investment Bankers will also find cushy salaries in San Francisco (+21 percent) and Chicago (+5 percent).

Related Job Salaries

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Experience Affects Investment Banker Salaries

Experienced
up arrow 65%
National Average
$100,000

Skills That Affect Investment Banker Salaries

Mergers and Acquisitions
up arrow 38%
Financial Modeling
up arrow 19%
National Average
$100,000

Job Satisfaction

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

Gender

Female
25%
female alumni
 
Male
75%
male alumni

Years of Experience

Less than 1 year
14%
1-4 years
40%
5-9 years
25%
10-19 years
18%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 70%
vision benefits Vision: 58% employee benefits None: 11%