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The differences between investment banking associates and investment associates 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 investment associate. Additionally, an investment associate has an average salary of $127,205, which is higher than the $119,967 average annual salary of an investment banking associate.
The top three skills for an investment banking associate include capital markets, healthcare and discounted cash flow. The most important skills for an investment associate are powerpoint, customer service, and client service.
| Investment Banking Associate | Investment Associate | |
| Yearly salary | $119,967 | $127,205 |
| Hourly rate | $57.68 | $61.16 |
| Growth rate | 9% | 9% |
| Number of jobs | 39,516 | 39,012 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 79% |
| 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 investment associate's primary role is to review a company's financial data, recommend investment strategies, oversee the distribution of stocks, and calculate possible risks for business mergers. They also serve as a mediator during agreements between companies during takeovers, monitors stock inventory, sell stocks, and details all financial transactions. In the course of these responsibilities, an investment associate provides administrative support and timely response to client requests as needed, acting as an additional point of communication for clients.
Investment banking associates and investment associates have different pay scales, as shown below.
| Investment Banking Associate | Investment Associate | |
| Average salary | $119,967 | $127,205 |
| Salary range | Between $73,000 And $195,000 | Between $72,000 And $222,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Oregon | California |
| Best paying company | Bloomberg | Brookfield Properties |
| Best paying industry | Finance | Technology |
There are a few differences between an investment banking associate and an investment associate in terms of educational background:
| Investment Banking Associate | Investment Associate | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 79% |
| Most common major | Finance | Finance |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between investment banking associates' and investment associates' demographics:
| Investment Banking Associate | Investment Associate | |
| Average age | 40 | 40 |
| Gender ratio | Male, 78.6% Female, 21.4% | Male, 60.2% Female, 39.8% |
| 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% |