Find The Best Investment Banking Associate Jobs For You

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Average Salary
$107,952
Average Salary
Job Growth Rate
6%
Job Growth Rate
Job Openings
12,720
Job Openings

Investment Banking Associate Careers

Investment bankers help companies raise the capital for expansion and other intensive efforts. Investment banking associates contribute largely to this goal by interacting with clients and verifying the data that is processed by analysts. In many situations, an investment banking associate's job is the step after an analyst's responsibility.

A day in the life of an investment banking associate involves meeting with upper management staff to discuss pitches and responding to queries. They also regularly meet with stakeholders and clients. Other responsibilities include delegating tasks to junior staff and checking over their work.

Investment banking associates often work long hours to meet clients, be available for any last-minute requests and deliver on a deadline. Becoming an investment banking associate requires an advanced degree, usually an MBA. Experience from a relevant internship program also bolsters a resume. Proficiency with industry-relevant software, like Excel and Powerpoint, are helpful skills for an investment banking associate.

There is more than meets the eye when it comes to being an investment banking associate. For example, did you know that they make an average of $51.9 an hour? That's $107,952 a year!

Between 2018 and 2028, the career is expected to grow 6% and produce 20,300 job opportunities across the U.S.

What Does an Investment Banking Associate Do

There are certain skills that many investment banking associates have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed communication skills, computer skills and analytical skills.

When it comes to the most important skills required to be an investment banking associate, we found that a lot of resumes listed 8.9% of investment banking associates included capital markets, while 7.9% of resumes included financial models, and 6.4% of resumes included healthcare. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the investment banking associate job title. But what industry to start with? Most investment banking associates actually find jobs in the finance and professional industries.

How To Become an Investment Banking Associate

If you're interested in becoming an investment banking associate, one of the first things to consider is how much education you need. We've determined that 65.2% of investment banking associates have a bachelor's degree. In terms of higher education levels, we found that 30.0% of investment banking associates have master's degrees. Even though most investment banking associates have a college degree, it's impossible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become an investment banking associate. When we researched the most common majors for an investment banking associate, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on investment banking associate resumes include doctoral degree degrees or associate degree degrees.

You may find that experience in other jobs will help you become an investment banking associate. In fact, many investment banking associate jobs require experience in a role such as investment banking analyst. Meanwhile, many investment banking associates also have previous career experience in roles such as associate or summer associate.

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Average Salary
$107,952
Average Salary
Job Growth Rate
6%
Job Growth Rate
Job Openings
12,720
Job Openings

Investment Banking Associate Career Paths

Top Careers Before Investment Banking Associate

Top Careers After Investment Banking Associate

Investment Banking Associate Jobs You Might Like

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for an Investment Banking Associate

Investment Banking Associates in America make an average salary of $107,952 per year or $52 per hour. The top 10 percent makes over $137,000 per year, while the bottom 10 percent under $84,000 per year.
Average Salary
$107,952
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Best Paying Cities

City
ascdesc
Average Salarydesc
San Francisco, CA
Salary Range87k - 156k$117k$116,615
New York, NY
Salary Range80k - 151k$110k$110,088
Jersey City, NJ
Salary Range71k - 135k$99k$98,778
Washington, DC
Salary Range71k - 133k$98k$97,902
Philadelphia, PA
Salary Range68k - 128k$94k$94,060
Minneapolis, MN
Salary Range71k - 122k$93k$93,455
$52k
$156k

Recently Added Salaries

Job TitleCompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Associate, Energy-Investment Banking
Associate, Energy-Investment Banking
Bok Financial
Bok Financial
06/24/2021
06/24/2021
$66,52906/24/2021
$66,529
Investment Banking Associate
Investment Banking Associate
FMI Corporation
FMI Corporation
06/18/2021
06/18/2021
$125,00006/18/2021
$125,000
Investment Banking Associate-Kbgfjg
Investment Banking Associate-Kbgfjg
RBC Capital Markets LLC
RBC Capital Markets LLC
03/24/2021
03/24/2021
$175,00003/24/2021
$175,000
Investment Banking Associate
Investment Banking Associate
Capstone Corporate Finance LLC
Capstone Corporate Finance LLC
03/24/2021
03/24/2021
$90,00003/24/2021
$90,000
Investment Banking Associate
Investment Banking Associate
Guggenheim Securities, LLC
Guggenheim Securities, LLC
03/24/2021
03/24/2021
$150,00003/24/2021
$150,000
See More Recent Salaries

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Investment Banking Associate Demographics

Gender

male

69.8 %

female

20.4 %

unknown

9.8 %

Ethnicity

White

70.4 %

Asian

12.9 %

Hispanic or Latino

8.1 %

Foreign Languages Spoken

Spanish

29.2 %

French

16.7 %

Mandarin

11.8 %
See More Demographics

Investment Banking Associate Education

Majors

Finance
33.3 %
Business
20.3 %
Economics
14.4 %

Degrees

Bachelors

65.2 %

Masters

30.0 %

Certificate

2.1 %

Top Colleges for Investment Banking Associates

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

5. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

6. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

7. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

8. University of Notre Dame

Notre Dame, IN • Private

In-State Tuition
$53,391
Enrollment
8,568

9. University of Minnesota - Twin Cities

Minneapolis, MN • Private

In-State Tuition
$14,760
Enrollment
31,451

10. Stanford University

Stanford, CA • Private

In-State Tuition
$51,354
Enrollment
7,083
See More Education Info

Online Courses For Investment Banking Associate That You May Like

Financial Modeling: Build a Complete DCF Valuation Model
udemy
4.5
(3,618)

The Ultimate Guide to Company Valuation For Aspiring Investment Bankers and Corporate Finance Practitioners...

Financial Modelling, Financial Planning and DCF Valuation
udemy
3.9
(460)

How to create a startup or existing company financial model from scratch and carry out the DCF Valuation...

Investment Banking and Finance: Private Equity Finance
udemy
4.5
(1,875)

Investment Banking and Finance: Private Equity Finance Masterclass: Fundraising, Valuation, PE Deals from Entry to Exit...

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Top Skills For an Investment Banking Associate

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 8.9% of investment banking associates listed capital markets on their resume, but soft skills such as communication skills and computer skills are important as well.

Best States For an Investment Banking Associate

Some places are better than others when it comes to starting a career as an investment banking associate. The best states for people in this position are Alaska, Connecticut, Oregon, and New York. Investment banking associates make the most in Alaska with an average salary of $123,529. Whereas in Connecticut and Oregon, they would average $114,348 and $111,558, respectively. While investment banking associates would only make an average of $108,641 in New York, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Connecticut

Total Investment Banking Associate Jobs:
116
Highest 10% Earn:
$195,000
Location Quotient:
1.37
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. New York

Total Investment Banking Associate Jobs:
940
Highest 10% Earn:
$187,000
Location Quotient:
2.87
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Alaska

Total Investment Banking Associate Jobs:
24
Highest 10% Earn:
$158,000
Location Quotient:
1.13
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Investment Banking Associate Employers

1. JPMorgan Chase & Co.
4.9
Avg. Salary: 
$122,439
Investment Banking Associates Hired: 
693+
2. Citigroup
4.8
Avg. Salary: 
$129,133
Investment Banking Associates Hired: 
183+
3. The Merrill Company
4.9
Avg. Salary: 
$126,776
Investment Banking Associates Hired: 
111+
4. JPMorgan Chase & Co.
4.9
Avg. Salary: 
$122,439
Investment Banking Associates Hired: 
65+
5. Nomura
4.8
Avg. Salary: 
$132,976
Investment Banking Associates Hired: 
63+
6. UBS
4.8
Avg. Salary: 
$133,624
Investment Banking Associates Hired: 
62+

Investment Banking Associate Videos

Updated October 2, 2020