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The differences between investment banking associates and business & finance 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 a business & finance analyst. Additionally, an investment banking associate has an average salary of $119,967, which is higher than the $70,514 average annual salary of a business & finance analyst.
The top three skills for an investment banking associate include capital markets, healthcare and discounted cash flow. The most important skills for a business & finance analyst are financial analysis, business analysis, and shared services.
| Investment Banking Associate | Business & Finance Analyst | |
| Yearly salary | $119,967 | $70,514 |
| Hourly rate | $57.68 | $33.90 |
| Growth rate | 9% | 9% |
| Number of jobs | 39,516 | 168,111 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 71% |
| 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.
A financial business analyst is also referred to as a business analyst who recommends and enforces corporate efficiency and profitability methods. Financial business analysts analyze the business model and finances of an organization. Their findings serve as the source of their suggestions to improve businesses' budgeting, management, and overall operations. They have the ability to predict the outcome of the decisions made by enterprises. The skills necessary for this job include interpersonal skills, management experience, financial reporting, and strong communication skills.
Investment banking associates and business & finance analysts have different pay scales, as shown below.
| Investment Banking Associate | Business & Finance Analyst | |
| Average salary | $119,967 | $70,514 |
| Salary range | Between $73,000 And $195,000 | Between $50,000 And $99,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Oregon | Washington |
| Best paying company | Bloomberg | |
| Best paying industry | Finance | Finance |
There are a few differences between an investment banking associate and a business & finance analyst in terms of educational background:
| Investment Banking Associate | Business & Finance Analyst | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 71% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between investment banking associates' and business & finance analysts' demographics:
| Investment Banking Associate | Business & Finance Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 78.6% Female, 21.4% | Male, 55.6% Female, 44.4% |
| 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% |