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The differences between investment banking analysts and analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an investment banking analyst and an analyst. Additionally, an analyst has an average salary of $73,007, which is higher than the $60,598 average annual salary of an investment banking analyst.
The top three skills for an investment banking analyst include financial models, discounted cash flow and healthcare. The most important skills for an analyst are customer service, troubleshoot, and data analysis.
| Investment Banking Analyst | Analyst | |
| Yearly salary | $60,598 | $73,007 |
| Hourly rate | $29.13 | $35.10 |
| Growth rate | 9% | 11% |
| Number of jobs | 52,791 | 253,138 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 83% | Bachelor's Degree, 67% |
| Average age | 40 | 44 |
| Years of experience | 4 | 4 |
An Investment Banking Analyst reviews and analyzes data for investment banking portfolios. They work with individuals and businesses to suggest potential investments for their clients.
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. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
Investment banking analysts and analysts have different pay scales, as shown below.
| Investment Banking Analyst | Analyst | |
| Average salary | $60,598 | $73,007 |
| Salary range | Between $35,000 And $104,000 | Between $53,000 And $99,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | California | New Jersey |
| Best paying company | The Citadel | The Citadel |
| Best paying industry | Finance | Technology |
There are a few differences between an investment banking analyst and an analyst in terms of educational background:
| Investment Banking Analyst | Analyst | |
| Most common degree | Bachelor's Degree, 83% | Bachelor's Degree, 67% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between investment banking analysts' and analysts' demographics:
| Investment Banking Analyst | Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 75.3% Female, 24.7% | Male, 52.4% Female, 47.6% |
| Race ratio | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |