Investment Banking Analyst Salary
|Salary||$46,442 - $86,737|
|Bonus||$3,036 - $34,105|
|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).)
|$51,336 - $102,593|
|Hourly Rate||$18.73 - $39.73|
|Bonus||$3,036 - $34,105|
|Total Pay (||$51,336 - $102,593|
Job Description for Investment Banking Analyst
An investment banking analyst is an entry-level position at most investment banks and financial firms. The position is a stepping stone for further advancement and responsibility in banking. Investment analysts work with more senior members of the company on various investment banking transactions. The most common duties for investment analysts are producing deal-related materials, performing industry research, performing financial analyses, and collecting materials for due diligence.Read More...
Investment analysts help compile and prepare financial packages used in deals. They have to be comfortable interacting with high powered clients like CEOs and CFOs. Financial analysts may have to analyze tax returns and financial reports and then prepare written reports about them for review by more senior staff. Investment analysts must be able to understand and work with complex financial modelling. Often, they are left to their own devices on projects, so adaptability and quick thinking are real assets.
Generally, a B.A. in Accounting, Finance, Economic or Business is required for the position. At most firms, this is a pre-MBA position, but occasionally an MBA is required for an investment analyst position. One to three years of work experience in financial services is preferred. The ability to multitask and maintain a positive outlook in the face of adversity are key skills. Excellent research and writing skills are needed for this position. You must have good computer skills and a mastery of programs like Microsoft Office. Also, financial analysts must be able to excel as members of a team and be able to add value to their teams.
Investment Banking Analyst Tasks
- Conduct analysis and construct models to evaluate the financial performance of companies or industries.
- Make recommendations for investments based on company and industry research.
Popular Skills for Investment Banking Analyst
Investment Banking Analysts only report a few specific skills. Most notably, skills in Microsoft Excel, Financial Analysis, Financial Modeling, and Mergers and Acquisitions are correlated to pay that is above average. Those familiar with Financial Analysis also tend to know Microsoft Excel.
Pay Difference by Location
San Francisco offers some of the highest pay in the country for Investment Banking Analysts, 17 percent above the national average. Investment Banking Analysts will also find cushy salaries in New York (+15 percent) and Chicago (+12 percent). Place of residence plays a huge part in an Investment Banking Analyst's salary, with Dallas Investment Banking Analysts earning salaries that are 20 percent less than the national average. Atlanta and Los Angeles are a couple other places where companies are known to pay below the median — salaries are 4 percent lower and 3 percent lower, respectively.
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Key Stats for Investment Banking Analyst
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