Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between investment banking associates 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 associate and an analyst. Additionally, an investment banking associate has an average salary of $119,967, which is higher than the $73,007 average annual salary of an analyst.
The top three skills for an investment banking associate include capital markets, healthcare and discounted cash flow. The most important skills for an analyst are customer service, troubleshoot, and data analysis.
| Investment Banking Associate | Analyst | |
| Yearly salary | $119,967 | $73,007 |
| Hourly rate | $57.68 | $35.10 |
| Growth rate | 9% | 11% |
| Number of jobs | 39,516 | 253,138 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 67% |
| Average age | 40 | 44 |
| Years of experience | 4 | 4 |
An investment banking associate is in charge of performing support tasks for clients, ensuring efficiency and client satisfaction. They are primarily responsible for identifying and meeting clients' needs, assisting them in reaching their financial goals. They typically determine investment opportunities for clients, putting financial histories and records into consideration. They must thoroughly discuss terms, helping clients gain a deep understanding of the subject while building positive relationships. Furthermore, an investment banking associate may perform clerical tasks such as processing documentation and payments, producing progress reports, and performing calls and correspondence.
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 associates and analysts have different pay scales, as shown below.
| Investment Banking Associate | Analyst | |
| Average salary | $119,967 | $73,007 |
| Salary range | Between $73,000 And $195,000 | Between $53,000 And $99,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | Oregon | New Jersey |
| Best paying company | Bloomberg | The Citadel |
| Best paying industry | Finance | Technology |
There are a few differences between an investment banking associate and an analyst in terms of educational background:
| Investment Banking Associate | Analyst | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 67% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between investment banking associates' and analysts' demographics:
| Investment Banking Associate | Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 78.6% Female, 21.4% | 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% |