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The differences between summer analysts 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 a summer analyst and an investment banking analyst. Additionally, a summer analyst has an average salary of $66,837, which is higher than the $60,598 average annual salary of an investment banking analyst.
The top three skills for a summer analyst include strong analytical, financial statements and capital markets. The most important skills for an investment banking analyst are financial models, discounted cash flow, and healthcare.
| Summer Analyst | Investment Banking Analyst | |
| Yearly salary | $66,837 | $60,598 |
| Hourly rate | $32.13 | $29.13 |
| Growth rate | 9% | 9% |
| Number of jobs | 44,912 | 52,791 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 83% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
Summer analysts are people who undertake an internship within a banking institution. These professionals perform analyses of detailed financial and corporate information. They establish statistical exhibits analyzing comparative financial performance. It is their responsibility to create models illustrating projected financial results, which is of great value to the companies. The skills necessary for this job include knowledge of financial statements, equity, portfolio companies, and financial models. They should also develop due diligence, strong communication, asset allocation knowledge, and attention to detail.
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.
Summer analysts and investment banking analysts have different pay scales, as shown below.
| Summer Analyst | Investment Banking Analyst | |
| Average salary | $66,837 | $60,598 |
| Salary range | Between $43,000 And $102,000 | Between $35,000 And $104,000 |
| Highest paying City | - | San Francisco, CA |
| Highest paying state | - | California |
| Best paying company | - | The Citadel |
| Best paying industry | - | Finance |
There are a few differences between a summer analyst and an investment banking analyst in terms of educational background:
| Summer Analyst | Investment Banking Analyst | |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 83% |
| Most common major | Finance | Finance |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between summer analysts' and investment banking analysts' demographics:
| Summer Analyst | Investment Banking Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 72.5% Female, 27.5% | 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% |