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The differences between investment banking associates and investment banking 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 investment banking analyst. Additionally, an investment banking associate has an average salary of $119,967, which is higher than the $60,598 average annual salary of an investment banking analyst.
The top three skills for an investment banking associate include capital markets, healthcare and discounted cash flow. The most important skills for an investment banking analyst are financial models, discounted cash flow, and healthcare.
| Investment Banking Associate | Investment Banking Analyst | |
| Yearly salary | $119,967 | $60,598 |
| Hourly rate | $57.68 | $29.13 |
| Growth rate | 9% | 9% |
| Number of jobs | 39,516 | 52,791 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 83% |
| 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 Banking Analyst reviews and analyzes data for investment banking portfolios. They work with individuals and businesses to suggest potential investments for their clients.
Investment banking associates and investment banking analysts have different pay scales, as shown below.
| Investment Banking Associate | Investment Banking Analyst | |
| Average salary | $119,967 | $60,598 |
| Salary range | Between $73,000 And $195,000 | Between $35,000 And $104,000 |
| Highest paying City | San Francisco, CA | San Francisco, 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 investment banking analyst in terms of educational background:
| Investment Banking Associate | Investment Banking Analyst | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 83% |
| Most common major | Finance | Finance |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between investment banking associates' and investment banking analysts' demographics:
| Investment Banking Associate | Investment Banking Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 78.6% Female, 21.4% | Male, 75.3% Female, 24.7% |
| 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% |