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The differences between investment banking analysts and associates can be seen in a few details. Each job has different responsibilities and duties. Additionally, an associate has an average salary of $69,556, 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 associate are customer service, sales floor, and patients.
| Investment Banking Analyst | Associate | |
| Yearly salary | $60,598 | $69,556 |
| Hourly rate | $29.13 | $33.44 |
| Growth rate | 9% | - |
| Number of jobs | 52,791 | 569,041 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 83% | Bachelor's Degree, 46% |
| Average age | 40 | 41 |
| Years of experience | 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.
Associates are typically entry-level positions for employees who are taking on their first job or organizational role. They are assigned to teams or departments that are related to their skills or educational background. They usually start with smaller tasks that may not seem as impactful but are still essential to the department. Associates are trained by more tenured team members on the ins and outs of the department and the organization. As they grow with the organization, they are given more responsibilities that directly impact the results of the department's initiatives as they work towards their goals.
Investment banking analysts and associates have different pay scales, as shown below.
| Investment Banking Analyst | Associate | |
| Average salary | $60,598 | $69,556 |
| Salary range | Between $35,000 And $104,000 | Between $34,000 And $140,000 |
| Highest paying City | San Francisco, CA | Washington, DC |
| Highest paying state | California | New York |
| Best paying company | The Citadel | Simpson Thacher & Bartlett |
| Best paying industry | Finance | - |
There are a few differences between an investment banking analyst and an associate in terms of educational background:
| Investment Banking Analyst | Associate | |
| Most common degree | Bachelor's Degree, 83% | Bachelor's Degree, 46% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | - |
Here are the differences between investment banking analysts' and associates' demographics:
| Investment Banking Analyst | Associate | |
| Average age | 40 | 41 |
| Gender ratio | Male, 75.3% Female, 24.7% | Male, 50.4% Female, 49.6% |
| 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, 10.5% Unknown, 5.3% Hispanic or Latino, 18.3% Asian, 8.3% White, 57.0% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 7% | 7% |