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The differences between investment banking analysts and investment associates 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 investment associate. Additionally, an investment associate has an average salary of $127,205, 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 investment associate are powerpoint, customer service, and client service.
| Investment Banking Analyst | Investment Associate | |
| Yearly salary | $60,598 | $127,205 |
| Hourly rate | $29.13 | $61.16 |
| Growth rate | 9% | 9% |
| Number of jobs | 52,791 | 39,012 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 83% | Bachelor's Degree, 79% |
| Average age | 40 | 40 |
| 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.
An investment associate's primary role is to review a company's financial data, recommend investment strategies, oversee the distribution of stocks, and calculate possible risks for business mergers. They also serve as a mediator during agreements between companies during takeovers, monitors stock inventory, sell stocks, and details all financial transactions. In the course of these responsibilities, an investment associate provides administrative support and timely response to client requests as needed, acting as an additional point of communication for clients.
Investment banking analysts and investment associates have different pay scales, as shown below.
| Investment Banking Analyst | Investment Associate | |
| Average salary | $60,598 | $127,205 |
| Salary range | Between $35,000 And $104,000 | Between $72,000 And $222,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | The Citadel | Brookfield Properties |
| Best paying industry | Finance | Technology |
There are a few differences between an investment banking analyst and an investment associate in terms of educational background:
| Investment Banking Analyst | Investment Associate | |
| Most common degree | Bachelor's Degree, 83% | Bachelor's Degree, 79% |
| Most common major | Finance | Finance |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between investment banking analysts' and investment associates' demographics:
| Investment Banking Analyst | Investment Associate | |
| Average age | 40 | 40 |
| Gender ratio | Male, 75.3% Female, 24.7% | Male, 60.2% Female, 39.8% |
| 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, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |