What is an Investment Banker

An investment banker is responsible for raising capital for individuals and businesses by issuing debt and trading equity. He/She performs research and reviews financial information and market trends. Similarly, he/she develops and implements financial models to review deals and identify profitability. He/She oversees mergers and acquisitions and supervises private equity settlements. Furthermore, he/she prepares legal and financial documents to complete acquisitions, investments, and purchases. Additionally, he/she helps clients with expanding their corporate and personal enterprises. Also, he/she examines risks and gives financial advice.

The requirements for this job include a bachelor's degree in economics, finance, or a related discipline, a certified financial adviser certification, and three years of experience. Applicants must possess analytical, communication, and time management skills. You must have extensive knowledge about deal structuring, regulations, and closing principles. Investment bankers earn as high as $235,000 per annum. Their annual salary can also be as low as $60,000, with an average of $119,136.

There is more than meets the eye when it comes to being an Investment Banker. For example, did you know that they make an average of $65.46 an hour? That's $136,165 a year!

Between 2018 and 2028, the career is expected to grow 4% and produce 18,500 job opportunities across the U.S.

What Does an Investment Banker Do

There are certain skills that many Investment Bankers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Customer-service skills, Initiative and Detail oriented.

Learn more about what an Investment Banker does

How To Become an Investment Banker

If you're interested in becoming an Investment Banker, one of the first things to consider is how much education you need. We've determined that 69.1% of Investment Bankers have a bachelor's degree. In terms of higher education levels, we found that 19.4% of Investment Bankers have master's degrees. Even though most Investment Bankers have a college degree, it's impossible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become an Investment Banker. When we researched the most common majors for an Investment Banker, we found that they most commonly earn Bachelor's Degree degrees or Master's Degree degrees. Other degrees that we often see on Investment Banker resumes include Associate Degree degrees or Doctoral Degree degrees.

You may find that experience in other jobs will help you become an Investment Banker. In fact, many Investment Banker jobs require experience in a role such as Vice President. Meanwhile, many Investment Bankers also have previous career experience in roles such as Internship or Finance Advisor.

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Average Salary
$136,165
Average Salary
Job Growth Rate
4%
Job Growth Rate
Job Openings
27,508
Job Openings
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Average Salary for an Investment Banker

Investment Bankers in America make an average salary of $136,165 per year or $65 per hour. The top 10 percent makes over $196,000 per year, while the bottom 10 percent under $94,000 per year.
Average Salary
$136,165
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Investment Banker Demographics

Investment Banker Gender Statistics

male

72.3 %

female

22.0 %

unknown

5.7 %

Investment Banker Ethnicity Statistics

White

71.5 %

Asian

10.7 %

Hispanic or Latino

10.3 %

Investment Banker Foreign Languages Spoken Statistics

Spanish

38.7 %

Chinese

6.5 %

Vietnamese

6.5 %
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Investment Banker Education

Investment Banker Majors

26.8 %
24.7 %

Investment Banker Degrees

Bachelors

69.1 %

Masters

19.4 %

Associate

5.9 %

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None
High School / GED
Associate
Bachelor's
Master's
Doctorate

Top Colleges for Investment Bankers

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. Howard University

Washington, DC • Private

In-State Tuition
$26,756
Enrollment
6,166

4. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

5. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

6. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

7. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

8. University of Maryland - College Park

College Park, MD • Private

In-State Tuition
$10,595
Enrollment
30,184

9. Georgetown University

Washington, DC • Private

In-State Tuition
$54,104
Enrollment
7,089

10. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238
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Top Skills For an Investment Banker

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 11.5% of Investment Bankers listed Financial Statements on their resume, but soft skills such as Customer-service skills and Initiative are important as well.

  • Financial Statements, 11.5%
  • Financial Services, 7.7%
  • Capital Markets, 7.2%
  • Private Equity, 5.4%
  • Client Relationships, 5.4%
  • Other Skills, 62.8%
  • See All Investment Banker Skills

12 Investment Banker RESUME EXAMPLES

Best States For an Investment Banker

Some places are better than others when it comes to starting a career as an Investment Banker. The best states for people in this position are Alaska, Hawaii, Maine, and Massachusetts. Investment Bankers make the most in Alaska with an average salary of $154,938. Whereas in Hawaii and Maine, they would average $113,906 and $111,493, respectively. While Investment Bankers would only make an average of $111,309 in Massachusetts, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Rhode Island

Total Investment Banker Jobs:
70
Highest 10% Earn:
$201,000
Location Quotient:
1.41
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Vermont

Total Investment Banker Jobs:
40
Highest 10% Earn:
$197,000
Location Quotient:
1.28
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Massachusetts

Total Investment Banker Jobs:
373
Highest 10% Earn:
$201,000
Location Quotient:
1
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Investment Bankers

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