How to hire an investment banking analyst

How to hire an investment banking analyst, step by step

Here's a step-by-step investment banking analyst hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write an investment banking analyst job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new investment banking analyst
• Step 8: Go through the hiring process checklist

What does an investment banking analyst do?

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1. Identify your hiring needs

   The investment banking analyst hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   An investment banking analyst's background is also an important factor in determining whether they'll be a good fit for the position. For example, investment banking analysts from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.

   The following list breaks down different types of investment banking analysts and their corresponding salaries.

   Type of Investment Banking Analyst	Description	Hourly rate
   Investment Banking Analyst	Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments.	$16-50
   Analyst Internship	An analyst internship is a student program where an intern is assigned to assist analyst professionals by analyzing business goals, objectives, and needs. Analyst interns assist in the planning and designing of business processes and suggest recommendations for improvement... Show more	$13-25
   Analyst	Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes... Show more	$25-47

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Financial Models
   • Discounted Cash Flow
   • Healthcare
   • Capital Markets
   • Private Equity
   • PowerPoint
   • Financial Analysis
   • Securities
   • Capital Raising
   • Leveraged
   • Cash Flow Analysis
   • Client Presentations
   • DCF
   • Due Diligence

   Check all skills

   Responsibilities:

   • Organize and maintain client leads in SalesForce.
   • Used SQL language to manipulate, extract and manage financial and customer data.
   • Manage financial operations such as account management, book keeping, wire transfers, and transaction, position reconciliations.
   • Manage ongoing maintenance of prospective investor pipeline using SalesForce software.
   • Manage trade executions and broker relationships for all portfolio positions across several banks, prime brokerage accounts and electronic commodities exchanges.
   • Perform valuation analyses including DCF, public trading comparison, and precedent transaction comparisons.

   More investment banking analyst duties

3. Make a budget

   Including a salary range in your investment banking analyst job description is one of the best ways to attract top talent. An investment banking analyst can vary based on:

   • Location. For example, investment banking analysts' average salary in south dakota is 41% less than in california.
   • Seniority. Entry-level investment banking analysts 66% less than senior-level investment banking analysts.
   • Certifications. An investment banking analyst with certifications usually earns a higher salary.
   • Company. Working for an established firm or a new start-up company can make a big difference in an investment banking analyst's salary.

   Average investment banking analyst salary

   $60,598yearly

   $29.13 hourly rate

   ---

   Entry-level investment banking analyst salary

   $35,000 yearly salary

   Updated December 16, 2025

   Average investment banking analyst salary by state

   Rank	State	Avg. salary	Hourly rate
   1	California	$108,878	$52
   2	New York	$95,316	$46
   3	New Jersey	$91,928	$44
   4	Washington	$87,266	$42
   5	Connecticut	$87,018	$42
   6	Maryland	$83,243	$40
   7	Pennsylvania	$83,117	$40
   8	Massachusetts	$82,039	$39
   9	Virginia	$80,956	$39
   10	Arizona	$79,589	$38
   11	Texas	$79,436	$38
   12	Ohio	$79,300	$38
   13	Minnesota	$78,000	$38
   14	North Carolina	$76,816	$37
   15	Illinois	$75,337	$36
   16	Utah	$74,575	$36
   17	Georgia	$74,548	$36
   18	Delaware	$74,301	$36
   19	Wisconsin	$74,222	$36
   20	Missouri	$72,376	$35

   Average investment banking analyst salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	The Citadel	$166,546	$80.07	8
   2	AGC Partners	$114,694	$55.14
   3	BMO Capital Markets	$113,261	$54.45	215
   4	ROTH Capital Partners	$109,099	$52.45
   5	BGC Partners	$106,826	$51.36	1
   6	Cowen	$106,678	$51.29
   7	Barclays	$105,648	$50.79	15
   8	Marathon Capital	$105,270	$50.61	1
   9	TD Bank	$105,212	$50.58	188
   10	SVB Leerink	$104,658	$50.32	3
   11	William Blair	$104,637	$50.31	9
   12	ThinkEquity Partners	$104,301	$50.14
   13	CIBC World Markets	$103,702	$49.86	3
   14	MORGAN JOSEPH LIMITED	$103,243	$49.64
   15	HSBC Bank	$102,895	$49.47	1
   16	Transportation Management Services	$102,861	$49.45
   17	Greentech Capital Advisors	$102,697	$49.37
   18	Boenning&Scattergood	$102,521	$49.29
   19	LionTree	$100,850	$48.49
   20	Newbridge Securities	$100,160	$48.15

4. Writing an investment banking analyst job description

   An investment banking analyst job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. Below, you can find an example of an investment banking analyst job description:

   Investment banking analyst job description example

   **You're the brains behind our work.**
   
   You're ready to bring your knowledge from the classroom to the boardroom; and Citi wants to help you get there. Whether it's honing your skills or building your network, we know that success can't come without growth. Our programs equip you with the knowledge and training you need to play a valuable role on your team; and establish a long-term career here. At Citi, we value internal mobility, and career growth is not a question of if, but when. Citi's Institutional Clients Group (ICG) is looking for Full Time Analysts to join the Banking, Capital Markets and Advisory Investment Banking team in NAM. The Investment Banking group provides sector expertise and strategic advisory solutions, including mergers & acquisitions, capital raising and other strategic financings to corporate, financial service and public sector clients.
   
   **Your time here will look something like this...**
   
   • Conduct research and analyze business and industry trends • Build financial models, perform valuation analyses, and explore complex transactions across the full spectrum of Citi's business and product capabilities • Participate in client development, through working on live transactions and assisting in the generation of new ideas for clients • Collaborate with and learn from teams of professionals across the organization
   
   **We provide you with the knowledge and skills you need to succeed.**
   
   We're committed to teaching you the ropes. The 2 year Analyst program starts in June and begins with a 6 to 8 week in-depth training program. After a placement process, based on your interests and our needs, you will be matched with an Investment Banking team to work with for the next two years. Top performing Analysts in their third year with Citi will be eligible for a one-year rotation within an alternative team in North America or internationally. While you're in the Analyst role, you're eligible to participate in Citi's mentorship program, which will provide further training and guidance during and after the program from senior leaders within the firm.
   
   **We want to hear from you if...**
   
   You are in your final year of university or graduated with a preferred GPA of 3.5 or above
   
   **Who we think will be a great fit...**
   
   A dedication to learning and a true passion for the business are vital. As industries all over the globe continue to restructure and grow, we are hiring professionals who have a global perspective on the future of banking, and want to make an impact on the corporate level. We value diversity and so do you. We'll also be looking for the following: • Commitment to personal growth and career development - a strong desire to learn and success in team environments • Knowledge of the global or domestic business landscape is a plus, but not required • Strong communication, planning, and organizational skills • Passion for client service and a dedication to deliver the best results on every project • Desire to develop a deep understanding of the financial industry • Unquestioned commitment to integrity and ethical decision-making
   
   Citi is an equal opportunity and affirmative action employer.
   
   Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.

   Copy this example

   

5. Post your job

   There are various strategies that you can use to find the right investment banking analyst for your business:

   • Consider promoting from within or recruiting from your existing workforce.
   • Ask for referrals from friends, family members, and current employees.
   • Attend job fairs at local colleges to find candidates who meet your education requirements.
   • Use social media platforms like LinkedIn, Facebook, and Twitter to reach potential job candidates.

   Post your job online:

   • Post your investment banking analyst job on Zippia to find and attract quality investment banking analyst candidates.
   • Use niche websites such as efinancialcareers, financialjobsweb.com, careerbank, financial job bank.
   • Post a job on free websites.

6. Interview candidates

   To successfully recruit investment banking analysts, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.

   Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new investment banking analyst

   Once you've decided on a perfect investment banking analyst candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.

   It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.

   After that, you can create an onboarding schedule for a new investment banking analyst. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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