What is an Investment Banking Analyst?

An Investment Banking Analyst works as part of an investment banking team in an organization. This is an entry-level role in most entities, reporting to an investment banker.

Much of their work involves building financial models, preparing presentations, conducting financial analysis, risk analysis, and due diligence with the ultimate objective of helping clients make sound investment decisions. They may also be required to meet with clients to ascertain their needs and to provide administrative support to senior members of the team.

Investment banking analysts may be employed in investment banks, stock brokerage firms, or even investment management companies. As an investment banking analyst, you can choose to specialize in a particular field and only work on companies in that industry, e.g., real estate, manufacturing, telecommunication, healthcare, tech, etc.

The working hours for an investment banking analyst are unpredictable. On some days, they work long hours, and on other days they work regular hours. Regardless, they are expected to be on call all the time because urgent requests and emails may come up at any time.

What Does an Investment Banking Analyst Do

There are certain skills that many investment banking analysts 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 communication skills, computer skills and analytical skills.

Learn more about what an Investment Banking Analyst does

How To Become an Investment Banking Analyst

If you're interested in becoming an investment banking analyst, one of the first things to consider is how much education you need. We've determined that 83.2% of investment banking analysts have a bachelor's degree. In terms of higher education levels, we found that 13.4% of investment banking analysts have master's degrees. Even though most investment banking analysts have a college degree, it's impossible to become one with only a high school degree or GED.

Learn More About How To Become an Investment Banking Analyst
Top Investment Banking Analyst Jobs Near You

Investment Banking Analyst Career Paths

As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, an investment banking analyst can determine their career goals through the career progression. For example, they could start out with a role such as finance analyst, progress to a title such as controller and then eventually end up with the title chief finance and operating officer.

Investment Banking Analyst

Average Salary for an Investment Banking Analyst

Investment Banking Analysts in America make an average salary of $60,598 per year or $29 per hour. The top 10 percent makes over $104,000 per year, while the bottom 10 percent under $35,000 per year.
Average Investment Banking Analyst Salary
$60,598 Yearly
$29.13 hourly
See More Salary Information

What Am I Worth?

salary-calculator

Roles and Types of Investment Banking Analyst

The role of an investment banking analyst includes a wide range of responsibilities. These responsibilities can vary based on an individual's specific job, company, or industry.Here are some general investment banking analyst responsibilities:

  • Creation of financial projections and merger models market, structure
  • Successfully complete training program and receive series 79
  • Financial analysis conduct financial analysis, financial modeling, structuring,

There are several types of investment banking analyst, including:

Analyst

Role:

An analyst can work in many different industries. So if you're looking for a position with endless job possibilities, then you've come to the right place. Who knows, the job might even come with a sweet salary, but you'll have to keep reading to find out.

Typically, an analyst will work in an office. They'll analyze data and make informed decisions based on the information they collect. An analyst might have a financial background or they might be a management analyst. Maybe you want to be a market research analyst or a news analyst. Either way, you've got to be good at making decisions.

The majority of analysts work a full-time position of 40 hours a week. Although, it isn't unheard of for analysts to work more than that. Did someone say overtime?

  • Average Salary: $73,007
  • Degree: Bachelor's Degree

Finance Analyst

Role:

You know how it's smart to invest your money? Well, the brains behind that operation is a finance analyst. Essentially, they're in charge of advising and supporting investment decisions of individuals and businesses.

Most finance analysts work full-time, but some work even more than that. The typical finance analyst enters the career having earned a bachelor's degree. With the extra education, employers tend to invest a lot of their dime to pay finance analysts. So having the higher education definitely pays off.

  • Average Salary: $69,887
  • Degree: Bachelor's Degree

Credit Analyst

Role:

We have all heard of the banking crisis which led to the stock market crash in 2008. The Federal National Mortgage Association, purchasing risky mortgages from banks, and banks in turn repackaging them into mortgage-backed securities (MBS) for investors to purchase. The relaxing of the lending standards offered loans to those who could not afford them. Eventually, when house prices decreased, highly leveraged banks and investors got affected, due to borrowers defaulting on their loans and, thus, bursting the bubble.

Determining the creditworthiness of a borrower is the duty of a credit analyst. Basically, they are in charge of determining your default rate. Daily, a credit analyst will be tasked with assessing financial records, such as earnings and savings, perform account reconciliations, develop data programming, and manage underwriting guidelines. Besides that, they also create portfolio management strategies, write reports, and analyze market factor correlations.

Employers require credit analysts to have a bachelor's degree that is business-related, such as finance, accounting, or economics. A degree in mathematics would also be accepted, if you can also demonstrate fundamental business knowledge. A credit analyst earns, on average, $28 per hour and this position is suitable for those who have strong analytical skills.

  • Average Salary: $61,422
  • Degree: Bachelor's Degree
View More

States With The Most Investment Banking Analyst Jobs

Mouse over a state to see the number of active investment banking analyst jobs in each state. The darker areas on the map show where investment banking analysts earn the highest salaries across all 50 states.

Average Salary: Job Openings:

Number Of Investment Banking Analyst Jobs By State

RankStateNumber of JobsAverage Salary
1California2,754$102,980
2New York2,033$94,980
3Texas1,530$79,020
4Florida1,222$71,135
5Illinois1,136$75,050
6Virginia939$80,218
7Oklahoma938$64,655
8Pennsylvania727$82,252
9Massachusetts725$82,108
10New Jersey707$91,657
11Michigan685$71,346
12Maryland671$82,810
13Ohio666$77,823
14North Carolina657$75,741
15Kansas624$62,079
16Georgia597$74,677
17Wisconsin595$74,036
18Minnesota579$77,928
19Colorado552$68,591
20Arizona533$79,289
21Washington530$86,497
22Missouri440$71,592
23Indiana403$66,152
24Utah382$75,109
25Arkansas319$67,450
26Alabama280$71,573
27Connecticut278$87,057
28Tennessee272$66,768
29Oregon265$75,729
30Iowa191$67,258
31Louisiana175$68,781
32Kentucky174$66,383
33South Carolina170$67,442
34Nebraska162$64,118
35Nevada130$85,696
36Delaware118$74,323
37North Dakota118$62,542
38Idaho117$70,927
39New Hampshire95$77,890
40Mississippi93$66,871
41Hawaii92$79,746
42Rhode Island89$78,136
43New Mexico86$70,341
44Wyoming84$70,432
45Maine75$69,688
46South Dakota71$60,751
47Montana67$64,969
48Alaska58$64,888
49West Virginia57$77,658
50Vermont54$76,300

Investment Banking Analyst Education

Investment Banking Analyst Majors

Finance
35.4 %
Economics
19.3 %
Business
16.5 %

Investment Banking Analyst Degrees

Bachelors

83.2 %

Masters

13.4 %

High School Diploma

1.0 %

Top Colleges for Investment Banking Analysts

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. University of Southern California

Los Angeles, CA • Private

In-State Tuition

$56,225

Enrollment

19,548

4. San Diego State University

San Diego, CA • Private

In-State Tuition

$7,488

Enrollment

30,018

5. Boston University

Boston, MA • Private

In-State Tuition

$53,948

Enrollment

17,238

6. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition

$9,625

Enrollment

17,407

7. New York University

New York, NY • Private

In-State Tuition

$51,828

Enrollment

26,339

8. University of Notre Dame

Notre Dame, IN • Private

In-State Tuition

$53,391

Enrollment

8,568

9. University of Minnesota - Twin Cities

Minneapolis, MN • Private

In-State Tuition

$14,760

Enrollment

31,451

10. Stanford University

Stanford, CA • Private

In-State Tuition

$51,354

Enrollment

7,083

Top Skills For an Investment Banking Analyst

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, 12.3% of investment banking analysts listed financial models on their resume, but soft skills such as communication skills and computer skills are important as well.

Choose From 10+ Customizable Investment Banking Analyst Resume templates

Zippia allows you to choose from different easy-to-use Investment Banking Analyst templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Investment Banking Analyst resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

Investment Banking Analyst Resume
Investment Banking Analyst Resume
Investment Banking Analyst Resume
Investment Banking Analyst Resume
Investment Banking Analyst Resume
Investment Banking Analyst Resume
Investment Banking Analyst Resume
Investment Banking Analyst Resume
Investment Banking Analyst Resume
Investment Banking Analyst Resume
Investment Banking Analyst Resume
Investment Banking Analyst Resume
Investment Banking Analyst Resume
Investment Banking Analyst Resume
Investment Banking Analyst Resume
Investment Banking Analyst Resume

Investment Banking Analyst diversity

Investment Banking Analyst Gender Distribution

Male
Male
75%
Female
Female
25%

After extensive research and analysis, Zippia's data science team found that:

  • Among investment banking analysts, 24.7% of them are women, while 75.3% are men.

  • The most common race/ethnicity among investment banking analysts is White, which makes up 68.0% of all investment banking analysts.

  • The most common foreign language among investment banking analysts is Spanish at 22.8%.

Online Courses For Investment Banking Analyst That You May Like

Advertising Disclosure  

1. Investment Banking: M&A and Initial Public Offerings

coursera

This course focuses on examining various practical applications of the fundamental financial analysis and valuation techniques employed in the investment banking industry. Specifically, we will examine how to analyze how a private equity firm or other financial sponsor completes a leveraged buyout of a company, how a public company analyzes the impact of acquiring a company on its earnings per share, and how a company completes an initial public offering. The course will benefit anyone who...

2. Investment Banking: Financial Analysis and Valuation

coursera

This course will provide students the key building blocks required for a career in investment banking, valuation, and other corporate-finance focused fields. It is designed to provide a practical application of financial statement analysis and valuation techniques commonly performed by industry professionals. The course has two major parts. The first focuses on the foundational elements of financial statement and ratio analysis. The second applies the financial statements and forecasts within...

3. Investment Banking: The Complete Financial Ratio Analysis

udemy
4.3
(370)

Investment Banking For Investors & Financial Analysts - How to Perform Financial Statement Analysis & Company Valuation...

Show More Online Courses For Investment Banking Analyst
Job type you want
Full Time
Part Time
Internship
Temporary

Best States For an Investment Banking Analyst

Some places are better than others when it comes to starting a career as an investment banking analyst. The best states for people in this position are California, New York, New Jersey, and Connecticut. Investment banking analysts make the most in California with an average salary of $102,980. Whereas in New York and New Jersey, they would average $94,980 and $91,657, respectively. While investment banking analysts would only make an average of $87,057 in Connecticut, 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. New York

Total Investment Banking Analyst Jobs: 2,033
Highest 10% Earn:
$146,000
Location Quotient:
1.84

$94,980

Avg. Salary

View 2,033 Investment Banking Analyst Jobs In NY

2. California

Total Investment Banking Analyst Jobs: 2,754
Highest 10% Earn:
$164,000
Location Quotient:
1.09

$102,980

Avg. Salary

View 2,754 Investment Banking Analyst Jobs In CA

3. New Jersey

Total Investment Banking Analyst Jobs: 707
Highest 10% Earn:
$141,000
Location Quotient:
1.03

$91,657

Avg. Salary

View 707 Investment Banking Analyst Jobs In NJ
Full List Of Best States For Investment Banking Analysts

How Do Investment Banking Analysts Rate Their Jobs?

Working as an Investment Banking Analyst? Share your experience anonymously.
Overall Rating*
Career Growth
Work/Life balance
Pay/Salary

Top Investment Banking Analyst Employers

Most Common Employers For Investment Banking Analyst

RankCompanyAverage SalaryHourly RateJob Openings
1Cowen$106,678$51.2925
2William Blair$104,637$50.3129
3J.P. Morgan$94,912$45.63151
4UBS$92,698$44.5724
5Credit Suisse$91,559$44.02119
6Deutsche Bank$91,134$43.8187
7Merrill Lynch$89,492$43.02115
8Nomura Securities$88,395$42.5099
9Morgan Stanley$86,939$41.8090
10Baird$86,677$41.6730
Show More

Investment Banking Analyst Videos

Day in the Life of a Corporate Banker | J.P. Morgan

Becoming an Investment Banking Analyst FAQs

How Can I Be A Good Investment Banking Analyst?

You can be a good investment banking analyst by mastering networking and the power of persuasion and dedicating upwards of 80 hours per week to your career.

Investment banking analysts report to investment bankers, who act as advisors to corporations, governments, and other entities. Investment banking teams are typically tasked with helping their clients raise capital, assisting with financial processes like mergers and acquisitions, and buying and selling securities.

How Do I Start A Career In Investment Banking?

You can start a career in investment banking by getting the right education, networking with the right people, and having impeccable interpersonal skills.

Investment banking professionals are financial advisors to corporations, governments, and other entities. Recent graduates typically get hired in the entry-level roles of either intern or analyst before advancing to the role of associate after three or more years.

How Hard Is It To Become An Investment Banking Analyst?

It is extremely hard to become an investment banking analyst. You need the right education, the right connections, and the right personality. And, that is just to get your foot in the door.

How Long Does It Take To Become An Investment Banking Analyst?

It takes roughly four or more years to become an investment banking analyst. To become an investment banking analyst, at least a four-year bachelor's degree is required. Some have their advanced degrees, though this is not required.

What Qualifications Do You Need To Be An Investment Analyst?

The qualification you need most to become an investment analyst is a relevant bachelor's degree. Candidates can earn this degree in one of several related fields and qualify for entry-level investment analyst positions.

What Skills Do Investment Banking Analysts Need?

The skills investment banking analysts need are networking and persuasion, in addition to financial expertise.

Investment banking analysts need good networking skills. Investment banking analysts help their team by connecting with, recruiting, and retaining new clients. They need to be able to rub elbows with top-level executives and other career professionals.

Have more questions? See all answers to common business and financial questions.

Search For Investment Banking Analyst Jobs

Investment Banking Analyst Related Careers

Investment Banking Analyst Related Jobs

What Similar Roles Do

Resume For Related Jobs

Updated April 6, 2023