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The differences between investment banking interns 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 internship and an investment associate. Additionally, an investment associate has an average salary of $127,205, which is higher than the $43,637 average annual salary of an investment banking internship.
The top three skills for an investment banking internship include powerpoint, customer service and work ethic. The most important skills for an investment associate are powerpoint, customer service, and client service.
| Investment Banking Internship | Investment Associate | |
| Yearly salary | $43,637 | $127,205 |
| Hourly rate | $20.98 | $61.16 |
| Growth rate | 9% | 9% |
| Number of jobs | 62,819 | 39,012 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 79% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
An investment banking intern is responsible for assisting investment bankers in delivering high-quality financial services to clients while learning various investment strategies and other related banking disciplines. Investment banking interns observe the investment processes, shadow bankers on their daily operations, and contribute to identifying business opportunities based on their class knowledge to practical applications. They also conduct financial analysis, data processing for the client's account information, performing research for the stock market, and creating financial reports for meeting documents.
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 interns and investment associates have different pay scales, as shown below.
| Investment Banking Internship | Investment Associate | |
| Average salary | $43,637 | $127,205 |
| Salary range | Between $26,000 And $72,000 | Between $72,000 And $222,000 |
| Highest paying City | - | San Francisco, CA |
| Highest paying state | - | California |
| Best paying company | - | Brookfield Properties |
| Best paying industry | - | Technology |
There are a few differences between an investment banking internship and an investment associate in terms of educational background:
| Investment Banking Internship | Investment Associate | |
| Most common degree | Bachelor's Degree, 75% | 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 interns' and investment associates' demographics:
| Investment Banking Internship | Investment Associate | |
| Average age | 40 | 40 |
| Gender ratio | Male, 65.1% Female, 34.9% | 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% |