How much do investment banking analysts make?

Significant predictors of investment banking analyst pay are location, education, and race.

The strongest predictor of investment banking analyst pay is Location. While the average for this career is over $70,000, those working in Wyoming make average annual salaries of just $36,901. In fact, five U.S. states pay investment banking analysts less than $50,000 a year, on average.

While some investment banking analysts make far below the necessary salary to meet the cost of living standards, others can yield salaries up to and in the low six-figures. At the high end of the pay spectrum are investment banking analysts working in the following states:

• Alaska: $95,769

• New York: $81,759

• Connecticut: $79,670

• California: $79,005

Though not as significant as location, another strong predictor of investment banking analyst pay is education. Investment banking analysts with doctoral degrees earn over $10,000 more than those with only bachelor's degrees. Investment banking analysts with just a bachelor's degree earn just $39,528 a year, on average.

Race is another strong predictor of investment banking analyst pay. For example, black or African American investment banking analysts earn 87 cents for every dollar earned by Asian investment banking analysts.