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The differences between investment banking associates and associate 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 associate analyst. Additionally, an investment banking associate has an average salary of $119,967, which is higher than the $68,161 average annual salary of an associate analyst.
The top three skills for an investment banking associate include capital markets, healthcare and discounted cash flow. The most important skills for an associate analyst are customer service, powerpoint, and data analysis.
| Investment Banking Associate | Associate Analyst | |
| Yearly salary | $119,967 | $68,161 |
| Hourly rate | $57.68 | $32.77 |
| Growth rate | 9% | 9% |
| Number of jobs | 39,516 | 97,311 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 72% |
| Average age | 40 | 40 |
| 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.
An associate analyst is an individual who is responsible for the research and investigation for a specific business process and department to help the senior staff make further decisions. Associate analysts must use their analytical skills to understand how the collected data can affect business decisions, then prepare reports that detail findings and recommend solutions. They must assist in developing new business models that can generate profits while reducing costs. Associate analysts can work in various industries ranging from finance and operations to information technology (IT) and marketing.
Investment banking associates and associate analysts have different pay scales, as shown below.
| Investment Banking Associate | Associate Analyst | |
| Average salary | $119,967 | $68,161 |
| Salary range | Between $73,000 And $195,000 | Between $47,000 And $98,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Oregon | New York |
| Best paying company | Bloomberg | Apollo Global Management |
| Best paying industry | Finance | Finance |
There are a few differences between an investment banking associate and an associate analyst in terms of educational background:
| Investment Banking Associate | Associate Analyst | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 72% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between investment banking associates' and associate analysts' demographics:
| Investment Banking Associate | Associate Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 78.6% Female, 21.4% | Male, 52.3% Female, 47.7% |
| 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% |