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The differences between investment banking associates and equity 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 equity analyst. Additionally, an investment banking associate has an average salary of $119,967, which is higher than the $103,715 average annual salary of an equity analyst.
The top three skills for an investment banking associate include capital markets, healthcare and discounted cash flow. The most important skills for an equity analyst are financial models, equities, and discounted cash flow.
| Investment Banking Associate | Equity Analyst | |
| Yearly salary | $119,967 | $103,715 |
| Hourly rate | $57.68 | $49.86 |
| Growth rate | 9% | 9% |
| Number of jobs | 39,516 | 51,437 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 74% |
| 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 equity analyst's role is to help clients navigate through stocks and bonds using their expertise. In a company setting, their responsibilities revolve around performing extensive research and analysis on areas such as the stock market, coordinating with different departments to gather necessary data, identifying new opportunities, preparing and analyzing the company's financial records, and creating forecast models. Furthermore, as an equity analyst, it is essential to make recommendations in adherence to the company's policies and regulations, including its vision and mission.
Investment banking associates and equity analysts have different pay scales, as shown below.
| Investment Banking Associate | Equity Analyst | |
| Average salary | $119,967 | $103,715 |
| Salary range | Between $73,000 And $195,000 | Between $68,000 And $157,000 |
| Highest paying City | San Francisco, CA | Santa Rosa, CA |
| Highest paying state | Oregon | California |
| Best paying company | Bloomberg | The Citadel |
| Best paying industry | Finance | Finance |
There are a few differences between an investment banking associate and an equity analyst in terms of educational background:
| Investment Banking Associate | Equity Analyst | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 74% |
| Most common major | Finance | Finance |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between investment banking associates' and equity analysts' demographics:
| Investment Banking Associate | Equity Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 78.6% Female, 21.4% | Male, 77.0% Female, 23.0% |
| 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% |