The average salary for an Associate - Investment Banking is $76,748.
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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. Some employers require that associates maintain series 6 and/or 7 certifications, issued by the Financial Industry Regulatory Authority. They must be knowledgeable about …Read more
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.
Job Satisfaction for Associate - Investment Banking
Popular Employer Salaries for Associate - Investment Banking
The top respondents for the job title Associate - Investment Banking are from the companies J.P. Morgan Chase & Co. (JPMCC), Morgan Stanley and Deutsche Bank. Reported salaries are highest at Morgan Stanley where the average pay is $109,960. Other companies that offer high salaries for this role include The Goldman Sachs Group, Inc. and Bank of America Corp. (BOFA), earning around $100,000 and $100,000, respectively. State Street Corporation pays the lowest at around $39,996. Deutsche Bank and J.P. Morgan Chase & Co. (JPMCC) also pay on the lower end of the scale, paying $69,415 and $79,271, respectively.
Associate - Investment Banking Job Listings
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Popular Skills for Associate - Investment Banking
Skills in Financial Analysis, Financial Modeling, Microsoft Excel and Project Management are correlated to pay that is above average. Skills that pay less than market rate include Operations Management.
Pay by Experience Level for Associate - Investment Banking
An entry-level Associate - Investment Banking with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $64,197 based on 43 salaries. An early career Associate - Investment Banking with 1-4 years of experience earns an average total compensation of $76,411 based on 288 salaries. A mid-career Associate - Investment Banking with 5-9 years of experience earns an average total compensation of $88,498 based on 127 salaries. An experienced Associate - Investment Banking with 10-19 years of experience earns an average total compensation of $80,376 based on 60 salaries. In their late career (20 years and higher), employees earn an average total compensation of $67,499.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Associate - Investment Banking in their job title in San Francisco, California earn an average of 41.7% more than the national average. These job titles also find higher than average salaries in Los Angeles, California (23.8% more) and New York, New York (19.7% more). The lowest salaries can be found in Boston, Massachusetts (9.9% less), Charlotte, North Carolina (2.3% less) and Chicago, Illinois (1.2% less).
Years of Experience
This data is based on 527 survey responses.
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