Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between investment banking associates and corporate 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 corporate finance analyst. Additionally, an investment banking associate has an average salary of $119,967, which is higher than the $76,023 average annual salary of a corporate 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 corporate finance analyst are financial analysis, strong analytical, and financial models.
| Investment Banking Associate | Corporate Finance Analyst | |
| Yearly salary | $119,967 | $76,023 |
| Hourly rate | $57.68 | $36.55 |
| Growth rate | 9% | 9% |
| Number of jobs | 39,516 | 114,375 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 76% |
| 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.
Corporate finance analysts make significant business decisions based on the data they gather. Typically, corporate finance analysts work within an organization and support management decisions through actionable financial information. They monitor the taxes, expenses, financial statements, and other financial details of where the company sources its income. This position requires a formal qualification in accounting. It also necessitates the analyst to develop interpersonal skills, knowledge in information technology software, financial reporting skills, and experience in management.
Investment banking associates and corporate finance analysts have different pay scales, as shown below.
| Investment Banking Associate | Corporate Finance Analyst | |
| Average salary | $119,967 | $76,023 |
| Salary range | Between $73,000 And $195,000 | Between $52,000 And $109,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Oregon | Michigan |
| Best paying company | Bloomberg | |
| Best paying industry | Finance | Finance |
There are a few differences between an investment banking associate and a corporate finance analyst in terms of educational background:
| Investment Banking Associate | Corporate Finance Analyst | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 76% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between investment banking associates' and corporate finance analysts' demographics:
| Investment Banking Associate | Corporate Finance Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 78.6% Female, 21.4% | Male, 63.5% Female, 36.5% |
| 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% |