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Investment banking analyst salary
Average investment banking analyst salary
$60,598
Understanding Investment Banking Analyst Salaries
Investment banking analysts play a crucial role in financial services, providing analytical support to investment bankers. As of October 2025, the average salary for an investment banking analyst stands at approximately $60,598 annually. This figure can differ based on various factors, including geographic location and years of experience.
For instance, analysts in states such as New York and California often earn significantly higher salaries due to the cost of living and concentration of major financial institutions. In addition to base salaries, many investment banking analysts receive performance bonuses, which can substantially increase overall compensation.
Salary by Experience
Experience plays an important role in salary growth. Entry-level analysts typically earn around $55,000, while those with several years of experience can command salaries upwards of $80,000. The demand for skilled analysts continues to rise, providing numerous job opportunities across the country.
- New York: Highest average salary at around $75,000.
- California: Competitive salaries at approximately $70,000.
- Texas: Average salary near $65,000.
Overall, pursuing a career as an investment banking analyst offers promising financial rewards and opportunities for advancement.
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Where can an Investment Banking Analyst earn more?
Investment banking analyst salary estimates from across the web
Average investment banking analyst salary by state
The highest-paying states for investment banking analysts are California, New York, and New Jersey. The lowest average investment banking analyst salary states are Alaska, Oklahoma, and Nebraska.
- State view
- County view
Highest paying states for investment banking analysts
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $94,980 | $45.66 |
| 2 | California | $102,980 | $49.51 |
| 3 | New Jersey | $91,657 | $44.07 |
| 4 | Connecticut | $87,057 | $41.85 |
| 5 | Nevada | $85,696 | $41.20 |
| 6 | Washington | $86,497 | $41.59 |
| 7 | Pennsylvania | $82,252 | $39.54 |
| 8 | Arizona | $79,289 | $38.12 |
| 9 | Massachusetts | $82,108 | $39.48 |
| 10 | Virginia | $80,218 | $38.57 |
| 11 | Texas | $79,020 | $37.99 |
| 12 | Maryland | $82,810 | $39.81 |
| 13 | District of Columbia | $82,904 | $39.86 |
| 14 | Utah | $75,109 | $36.11 |
| 15 | Rhode Island | $78,136 | $37.57 |
| 16 | Minnesota | $77,928 | $37.47 |
| 17 | Ohio | $77,823 | $37.41 |
| 18 | Wisconsin | $74,036 | $35.59 |
| 19 | North Carolina | $75,741 | $36.41 |
| 20 | Illinois | $75,050 | $36.08 |
| 21 | West Virginia | $77,658 | $37.34 |
| 22 | Wyoming | $70,432 | $33.86 |
| 23 | New Hampshire | $77,890 | $37.45 |
| 24 | Hawaii | $79,746 | $38.34 |
| 25 | Vermont | $76,300 | $36.68 |
| 26 | Michigan | $71,346 | $34.30 |
| 27 | Delaware | $74,323 | $35.73 |
| 28 | Oregon | $75,729 | $36.41 |
| 29 | Arkansas | $67,450 | $32.43 |
| 30 | Alabama | $71,573 | $34.41 |
| 31 | Georgia | $74,677 | $35.90 |
| 32 | Missouri | $71,592 | $34.42 |
| 33 | Idaho | $70,927 | $34.10 |
| 34 | Florida | $71,135 | $34.20 |
| 35 | Oklahoma | $64,655 | $31.08 |
| 36 | Colorado | $68,591 | $32.98 |
| 37 | Maine | $69,688 | $33.50 |
| 38 | New Mexico | $70,341 | $33.82 |
| 39 | Kansas | $62,079 | $29.85 |
| 40 | North Dakota | $62,542 | $30.07 |
| 41 | Tennessee | $66,768 | $32.10 |
| 42 | Louisiana | $68,781 | $33.07 |
| 43 | Indiana | $66,152 | $31.80 |
| 44 | Iowa | $67,258 | $32.34 |
| 45 | Kentucky | $66,383 | $31.91 |
| 46 | Nebraska | $64,118 | $30.83 |
| 47 | Mississippi | $66,871 | $32.15 |
| 48 | South Carolina | $67,442 | $32.42 |
| 49 | Alaska | $64,888 | $31.20 |
| 50 | Montana | $64,969 | $31.24 |
| 51 | South Dakota | $60,751 | $29.21 |
Highest paying cities for investment banking analysts
The highest-paying cities for investment banking analysts are San Francisco, CA, New York, NY, and Hoboken, NJ.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | San Francisco, CA | $108,878 | $52.35 |
| 2 | New York, NY | $95,316 | $45.83 |
| 3 | Hoboken, NJ | $91,928 | $44.20 |
| 4 | Seattle, WA | $87,266 | $41.95 |
| 5 | Stamford, CT | $87,018 | $41.84 |
| 6 | Baltimore, MD | $83,243 | $40.02 |
| 7 | Philadelphia, PA | $83,117 | $39.96 |
| 8 | Boston, MA | $82,039 | $39.44 |
| 9 | Arlington, VA | $80,956 | $38.92 |
| 10 | Phoenix, AZ | $79,589 | $38.26 |
| 11 | Austin, TX | $79,436 | $38.19 |
| 12 | Cleveland, OH | $79,300 | $38.13 |
| 13 | Minneapolis, MN | $78,000 | $37.50 |
| 14 | Raleigh, NC | $76,816 | $36.93 |
| 15 | Chicago, IL | $75,337 | $36.22 |
| 16 | Salt Lake City, UT | $74,575 | $35.85 |
| 17 | Atlanta, GA | $74,548 | $35.84 |
| 18 | Newark, DE | $74,301 | $35.72 |
| 19 | Milwaukee, WI | $74,222 | $35.68 |
| 20 | Saint Louis, MO | $72,376 | $34.80 |
Investment banking analyst salary details
An investment banking analyst's salary ranges from $35,000 a year at the 10th percentile to $104,000 at the 90th percentile.
What is an investment banking analyst's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $104,000 | $8,667 | $50 |
| 75th Percentile | $80,000 | $6,667 | $38 |
| Average | $60,598 | $5,050 | $29 |
| 25th Percentile | $45,000 | $3,750 | $22 |
| 10th Percentile | $35,000 | $2,917 | $17 |
Highest paying investment banking analyst jobs
The highest paying types of investment banking analysts are investment associate, equity analyst, and senior finance consultant.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Analyst Internship | $38,569 | $3,214 | $18.54 | 103,723 |
| Analyst | $73,007 | $6,084 | $35.10 | 253,138 |
| Corporate Finance Analyst | $76,023 | $6,335 | $36.55 | 114,375 |
| Financial Analyst Internship | $38,827 | $3,236 | $18.67 | 104,448 |
| Equity Analyst | $103,715 | $8,643 | $49.86 | 51,437 |
| Treasury Analyst | $72,667 | $6,056 | $34.94 | 50,817 |
How would you rate the starting salaries for investment banking analysts, as well as the prospects for salary advancement?
Dr. Francis Cai Ph.D.
Professor, William Paterson University of New Jersey
Top companies hiring investment banking analysts now:
Which companies pay investment banking analysts the most?
Investment banking analyst salaries at The Citadel and AGC Partners are the highest-paying according to our most recent salary estimates. In addition, the average investment banking analyst salary at companies like BMO Capital Markets and ROTH Capital Partners are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | The Citadel | $166,546 | $80.07 |
| 2 | AGC Partners | $114,694 | $55.14 |
| 3 | BMO Capital Markets | $113,261 | $54.45 |
| 4 | ROTH Capital Partners | $109,099 | $52.45 |
| 5 | BGC Partners | $106,826 | $51.36 |
| 6 | Cowen | $106,678 | $51.29 |
| 7 | Barclays | $105,648 | $50.79 |
| 8 | Marathon Capital | $105,270 | $50.61 |
| 9 | TD Bank | $105,212 | $50.58 |
| 10 | SVB Leerink | $104,658 | $50.32 |
| 11 | William Blair | $104,637 | $50.31 |
| 12 | ThinkEquity Partners | $104,301 | $50.14 |
| 13 | CIBC World Markets | $103,702 | $49.86 |
| 14 | MORGAN JOSEPH LIMITED | $103,243 | $49.64 |
| 15 | HSBC Bank | $102,895 | $49.47 |
| 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 |
Wage gap by gender, race and education
Investment banking analyst salary trends
The average investment banking analyst salary has risen by $9,307 over the last ten years. In 2014, the average investment banking analyst earned $51,291 annually, but today, they earn $60,598 a year. That works out to a 9% change in pay for investment banking analysts over the last decade.
Compare investment banking analyst salaries for cities or states with the national average over time.
Average investment banking analyst salary over time
Compare investment banking analyst salaries for individual cities or states with the national average.
Investment banking analyst salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $60,600 | $29.13 | +2.6% |
| 2024 | $59,000 | $28.39 | +1.6% |
| 2023 | $58,100 | $27.92 | +1.6% |
| 2022 | $57,200 | $27.48 | +3.0% |
| 2021 | $55,400 | $26.65 | +1.8% |
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