To become a Wall Street investment banker, you need to know about average salary in investment banking industry. The average salary for entry-level bankers ranges from $65,000 to $70,000 including bonus and other compensation. The first year salary is usually determined by the amount of bonus received since they are set in advance and are typically a smaller percentage of the total compensation package (i.e. 60% vs. 90%).
The investment banking job is one of the most sought-after in finance. It not only pays well but also gives you a lot of opportunities to grow your career, see the world and work with interesting clients. But what’s the average investment banking salary like? Will you be able to live comfortably?
Average salary in investment banking
Average salary in investment banking – According to a survey carried out by salary benchmarking site Emolument, the average investment banking analyst salary in London is £65,000 (US$94,460) and £60,000 (US$85,140) in New York. The survey also revealed that the average U.S. salary for an equity research associate is $115,000 (US$158,870). This is a very desirable job with attractive earning potential for hardworking candidates who are willing to make sacrifices for their career.
Of course, it’s up to you to decide whether these numbers are worth it. Sure, the average salary for investment banking (at $146K) appears quite high at first glance; however, that figure is somewhat misleading given the steep dropoff in pay on an hourly basis compared to other industries. Keep this in mind as you weigh your options and make the right choice for yourself.
Investment banks are the big houses responsible for security offerings, IPO’s and countless other financial transactions. For those looking to break into the business side of the finance industry, an investment bank is one of the best options. What is an investment bank? Let’s take a look at some of the top investment banks and their current salaries.
While you will find numerous investment banks that pay their interns anywhere between $0 and $7,500 a month, on average you should expect to make around $3,900 (though this number could be a bit higher or lower depending on your experience level, location, and performance).
A very comprehensive list of investment banking internships and externships. There are similarly comprehensive lists for IB Analyst and Trader posts, public accounting internships and externships, law firm internships and externships, and general finance related jobs.
Broadly speaking, the pay for bankers is high because the competition to get a job at a top investment bank is so fierce. You have to be prepared to work hard, but if you make it through the process, you can earn a very substantial salary, and potentially even earn bonuses on top of that.
