An investment banker's salary depends on education and experience.
An investment banker works as a representative for a financial institution that provides investment banking services. The duties of an investment banker can include helping governments and companies raise capital, acting as a negotiator for the buyer or seller during a merger or acquisition and taking part in a corporate restructuring. Investment banker's can make $60,000 to hundreds of thousands of dollars, even millions for top-end investment bankers, depending on place of employment, experience and education.
Analyst
An investment banking analyst is the lowest on the totem pole of pay scale. As with many entry-level positions, the job requires long hours and nitty-gritty work, usually helping a superior with her projects. Education for this position is usually a bachelor's degree. The average salary for this position, according to Glassdoor.com, is about $60,000, but can range from $55,000 to around $80,000. Salary will increase with tenure.
Associate
To become an associate, an needs a master's degree in business administration. After working as an analyst for a few years, an investment banker can be promoted to be an associate and earn a salary of at least $100,000, with a ceiling of around $150,000, according to Glassdoor.com. Associates can use analysts as resources to complete projects.
Senior Positions
An investment banker who has shed the title of associate can start to earn a lot more money and, naturally, a lot more responsibility. These positions can include senior investment bankers, managing directors or vice presidents. Salaries can range from $200,000 to more than $1 million.
What Some Firms Pay
Glassdoor.com shares examples of what many of the largest companies pay their investment bankers: Morgan Stanley, Managing Director: $1.52 million; Citigroup Global Markets, Investment Banking Managing Director: $672,000; Babcock & Brown, Senior : $283,000; BMO Capital Markets, Investment Banking Associate: $119,000; Banc of America Securities Salaries, Investment Banking Analyst: $80,000. These figures are provided to Glassdoor.com by subscribers to the website.
Tags: Investment Banking, investment banker, investment banker, investment bankers, according Glassdoor