Associate - Investment Banking Salary

Investment Banking Associates in the United States pull down an average of $73K annually. In the world of Investment Banking Associates, overall income ranges from $39K near the bottom to $163K at the top; this can include more than $66K from bonuses and more than $30K from profit sharing in exceptional cases. Geography is the biggest factor affecting pay for this group, followed by years of experience. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the larger part. Job satisfaction for Investment Banking Associates is high. Investment Banking Associates who participated in the survey are largely men, dominating at 65 percent. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$44,070 - $126,626
$44K
$77K
$130K
MEDIAN: $77,398
10%
50%
90%

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$13.14 - $36.21
$13
$19
$36
MEDIAN: $18.74
10%
50%
90%

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$0$170K
Salary $44,070 - $126,626
Bonus $1,462 - $69,649
Profit Sharing $0.00 - $19,392
Commission $20,000
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).
)
$43,132 - $170,258
  • Country: United States
  • Currency: USD
  • Updated: 10 Dec 2017
  • Individuals Reporting: 378
Hourly Data $0$55
Hourly Rate $13.14 - $36.21
Overtime $23.09 - $55.69
Annual Data $0$170K
Bonus $1,462 - $69,649
Commission $20,000
Profit Sharing $0.00 - $19,392
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).
)
$43,132 - $170,258
  • Country: United States
  • Currency: USD
  • Updated: 10 Dec 2017
  • Individuals Reporting: 22

Job Description for Associate - Investment Banking

Associates in investment banking are usually recent MBA graduates. They may also be internal staff, who were promoted after three or more years working experience as financial analysts. They perform extensive investment valuation analyses. They must be consumer-focused. They must have direct investment banking experience.

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Associate - Investment Banking Tasks

  • Manage client portfolios, evaluating profitability and conducting financial transactions.
  • Attend meetings with clients and prepare presentations providing an overview of clients' investment portfolios.
  • Analyze investment strategies, identify potential investments, and conduct risk assessments.

Common Career Paths for Associate - Investment Banking


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Advancing into a VP of Finance role seems to be a popular career move for Investment Banking Associates, and folks who currently work in the latter position report a notably larger median income of $139K per year. The most common career progression for Investment Banking Associates leads to becoming an Investment Banking VP, where average pay is $136K annually. However, many Investment Banking Associates also opt to become Senior Financial Analysts. Typically, a Senior Financial Analyst brings home $76K.

Associate - Investment Banking Job Listings

Popular Skills for Associate - Investment Banking


Investment Banking Associates who responded to the survey indicated only a few skills that they use on the job. Most notably, facility with Financial Modeling, Microsoft Excel, and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 24 percent, 8 percent, and 7 percent, respectively. Those educated in Financial Analysis tend to be well versed in Project Management.

Pay Difference by Location

National Average: $86,448

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

For those looking to make money, Investment Banking Associates in San Francisco enjoy an exceptional pay rate, 80 percent above the national average. Investment Banking Associates can also look forward to large paychecks in cities like Los Angeles (+28 percent), New York (+19 percent), Houston (+17 percent), and Phoenix (+11 percent). Investment Banking Associates in Kansas City earn salaries far below the national average by 49 percent, proving that geography overwhelmingly affects the pay scale for those in this field. Newark and Seattle are a couple other places where companies are known to pay below the median — salaries are 19 percent lower and 18 percent lower, respectively.

Associate - Investment Banking Reviews

Q: What is it like working as an Associate - Investment Banking?

Associate - Investment Banking in New York:
"Good Exposure."
Pros: What I like most is the different types of tasks there is to do. No day is the same. I learn everyday something new and develop and sharpen skills.
Cons: The nitty gritty work that is required weekly, monthly or quarterly. My compensation structure. I am under valued and taken advantage of.

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Key Stats for Associate - Investment Banking

Gender

Female
31 %
Male
69 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 58 votes.
Less than 1 year
8%
1-4 years
59%
5-9 years
23%
10-19 years
9%
20 years or more
1%

Experience Affects Associate - Investment Banking Salaries

National Average
$86,000

▼3%

▼10%

▼15%

Skills That Affect Associate - Investment Banking Salaries


National Average
$86,000




Valuation
▼10%

Job Satisfaction

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

Gender

Female
31 %
Male
69 %

Years of Experience

Less than 1 year
8%
1-4 years
59%
5-9 years
23%
10-19 years
9%
20 years or more
1%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 76%
vision benefits
Vision: 65%
no benefits
None: 10%