Investment Banking Associate Salaries

How much does an Investment Banking Associate make?

Updated Sep 27, 2023

Experience

Industry

$170,376 / yrTotal Pay
$110,732 / yrBase Pay
$59,644 / yrAdditional Pay

$170,376

 / yr
$99K$300K
Most Likely Range
Possible Range

The estimated total pay for a Investment Banking Associate is $170,376 per year in the United States area, with an average salary of $110,732 per year. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The estimated additional pay is $59,644 per year. Additional pay could include cash bonus, commission, tips, and profit sharing. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role.

How accurate does $170,376 look to you?

Your input helps Glassdoor refine our pay estimates over time.

Top Paying Companies

For an Investment Banking Associate in United States

Below is the total pay for the top 10 highest paying companies for an Investment Banking Associate in United States. Employers include Stanford Group, Lazard and Moelis & Company.

1
Stanford Group
$251,706/yr
2
Lazard
$229,400/yr
25 open jobs
3
Moelis & Company
$227,880/yr
4
Evercore Partners
$227,224/yr
7
Cowen
$214,529/yr
See pay for all companies for an Investment Banking Associate in United StatesView data as table

Top Paying Companies

For Investment Banking Associate in United States

1Stanford Group$251,706
2Lazard$229,400
3Moelis & Company$227,880
4Evercore Partners$227,224
5Jefferies$224,998
6Houlihan Lokey$222,483
7Cowen$214,529
8Goldman Sachs$212,492
9Harris Williams & Co.$211,312
10D.A. Davidson & Co.$209,060

What are total pay estimates for an Investment Banking Associate at different companies?

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Sort:
Company
Jobs
Total Pay Range
JPMorgan Chase & Co
4
Investment Banking AssociateSee 371 salaries from all locations

$165,889

 / yr
Citi
3.9
Investment Banking AssociateSee 154 salaries from all locations

$191,748

 / yr
Bank of America
4
Investment Banking AssociateSee 141 salaries from all locations

$190,428

 / yr
Goldman Sachs
3.9
Investment Banking AssociateSee 139 salaries from all locations

$212,492

 / yr
Credit Suisse
3.9
Investment Banking AssociateSee 100 salaries from all locations

$172,558

 / yr
Morgan Stanley
4
Investment Banking AssociateSee 95 salaries from all locations

$182,818

 / yr
Barclays
4
Investment Banking AssociateSee 82 salaries from all locations

$170,657

 / yr

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Jefferies
4
Investment Banking AssociateSee 80 salaries from all locations

$224,998

 / yr
Wells Fargo
3.7
Investment Banking AssociateSee 74 salaries from all locations

$190,226

 / yr
Deutsche Bank
3.9
Investment Banking AssociateSee 65 salaries from all locations

$200,641

 / yr
Baird
4.2
Investment Banking AssociateSee 42 salaries from all locations

$173,421

 / yr
Merrill
3.9
Investment Banking AssociateSee 41 salaries from all locations

$163,594

 / yr
Piper Sandler
4.1
Investment Banking AssociateSee 37 salaries from all locations

$177,469

 / yr
UBS
3.9
Investment Banking AssociateSee 37 salaries from all locations

$189,150

 / yr
BMO Capital Markets
4
Investment Banking AssociateSee 35 salaries from all locations

$188,422

 / yr
William Blair
4.3
Investment Banking AssociateSee 31 salaries from all locations

$186,197

 / yr
Raymond James Financial
4.1
Investment Banking AssociateSee 30 salaries from all locations

$170,972

 / yr
Nomura Holdings
3.9
Investment Banking AssociateSee 29 salaries from all locations

$197,472

 / yr
RBC
4
Investment Banking AssociateSee 27 salaries from all locations

$186,618

 / yr
SunTrust Robinson Humphrey
3.8
Investment Banking AssociateSee 26 salaries from all locations

$174,118

 / yr
Download as data table

Investment Banking Associate Salaries

Job TitleSalary
JPMorgan Chase & Co Investment Banking Associate salaries - 371 salaries reported$165,889/yr
Citi Investment Banking Associate salaries - 154 salaries reported$191,748/yr
Bank of America Investment Banking Associate salaries - 141 salaries reported$190,428/yr
Goldman Sachs Investment Banking Associate salaries - 139 salaries reported$212,492/yr
Credit Suisse Investment Banking Associate salaries - 100 salaries reported$172,558/yr
Morgan Stanley Investment Banking Associate salaries - 95 salaries reported$182,818/yr
Barclays Investment Banking Associate salaries - 82 salaries reported$170,657/yr
Jefferies Investment Banking Associate salaries - 80 salaries reported$224,998/yr
Wells Fargo Investment Banking Associate salaries - 74 salaries reported$190,226/yr
Deutsche Bank Investment Banking Associate salaries - 65 salaries reported$200,641/yr
Baird Investment Banking Associate salaries - 42 salaries reported$173,421/yr
Merrill Investment Banking Associate salaries - 41 salaries reported$163,594/yr
Piper Sandler Investment Banking Associate salaries - 37 salaries reported$177,469/yr
UBS Investment Banking Associate salaries - 37 salaries reported$189,150/yr
BMO Capital Markets Investment Banking Associate salaries - 35 salaries reported$188,422/yr
William Blair Investment Banking Associate salaries - 31 salaries reported$186,197/yr
Raymond James Financial Investment Banking Associate salaries - 30 salaries reported$170,972/yr
Nomura Holdings Investment Banking Associate salaries - 29 salaries reported$197,472/yr
RBC Investment Banking Associate salaries - 27 salaries reported$186,618/yr
SunTrust Robinson Humphrey Investment Banking Associate salaries - 26 salaries reported$174,118/yr
Viewing 1 - 20 of 320

Top Paying Industries

For an Investment Banking Associate in United States

The top paying industry for an Investment Banking Associate in United States is Financial Services with a median total pay of $184,508.

IndustryTotal PayTotal Pay Insight
  • Financial ServicesFinancial Services$184,508

    0% Lower than other industries

Financial Services

Top paying companies in Financial Services for Investment Banking Associate are Stanford Group, Lazard, and Moelis & Company.

Stanford Group$251,706/yr
LazardLazard$229,400/yr
Moelis & CompanyMoelis & Company$227,880/yr

Glassdoor Economist Pay Overview

What is the pay outlook for Finance & Accounting?

Jobs in finance and accounting are expected to see continued demand, with employment growth linked to the health of the broader economy. These jobs will continue to offer above average pay but usually require higher education or certification to enter the field. While automation will replace many common tasks, it is not expected to reduce the need for these employees; it will instead allow them to focus on core soft skills like advising clients and analyzing trends.

What people are saying about Investment Banking Associate salaries

Transaction Services, M&A, Deal Advisory

1y

works at 

KPMG

Hi, what is a standard compensation package for Corporate & Investment Banking Associate Coverage Group/ Relationship Management in New York City? Also, do you recommend such group in IB, is it a good move from consulting? Thank you

3

3 Comments

Recent Salaries Shared

For investment banking associate

Salary Share
Anonymously share your pay to help the community

Job Title

Location

Total Pay

Base Pay | Additional Pay

Total Years of Experience

Years at Recent Employer

Submitted

Date or Time

Investment Associate

United States of America

 | 1-3 years

$200,000

/yr

Submitted Yesterday

1-3 years
Yesterday
Banking Associate

United States of America

 | 1-3 years

$321

/hr

$21 | $300

Submitted Yesterday

1-3 years
Yesterday
Investment Banking Associate

United States of America

 | 1-3 years

$150,000

/yr

Submitted Yesterday

1-3 years
Yesterday
Investment Banking Associate

United States of America

 | 4-6 years

$275,000

/yr

$175K | $100K

Submitted Yesterday

4-6 years
Yesterday
Relationship Banking Associate

United States of America

 | 4-6 years

$4,014

/hr

$14 | $4K

Submitted Yesterday

4-6 years
Yesterday
Investment Associate

United States of America

 | <1 year

$135,000

/yr

$120K | $15K

Submitted 2 days ago

<1 year
2 days ago
Corporate Banking Associate

United States of America

 | 4-6 years

$210,000

/yr

$165K | $45K

Submitted 2 days ago

4-6 years
2 days ago
Global Banking Associate

United States of America

 | 4-6 years

$165,000

/yr

$125K | $40K

Submitted 2 days ago

4-6 years
2 days ago
Utility Associate

United States of America

 | 1-3 years

$21

/hr

Submitted 2 days ago

1-3 years
2 days ago

Investment Banking Associate pay FAQ

The average salary for an Investment Banking Associate is $170,376 per year in United States. Salaries estimates are based on 2387 salaries submitted anonymously to Glassdoor by an Investment Banking Associate employees in United States.

The highest salary for an Investment Banking Associate in United States is $230,846 per year.

The lowest salary for an Investment Banking Associate in United States is $127,949 per year.

If you are thinking of becoming an Investment Banking Associate or planning the next step in your career, find details about the role, the career path and salary trajectory of an Investment Banking Associate.

Glassdoor's anonymous ratings report that 74% of investment banking associates are satisfied with the salary they make at their current job. Many of them also make an average of $59,644.11 a year in additional pay through bonuses and profit sharing.

Are you interested in making more in your career as an investment banking associate? Consider earning a certification in the field. The Certified Investment Banking Associate certification is popular. Depending on your specialty, you can also consider the Certified Investment Management Analyst, the Chartered Market Technician, or the Certified Corporate Financial Planning and Analysis Professional certificates. Almost all investment banking associates have a bachelor's degree, but other education can push your pay toward the top of the scale. See if universities near you offer courses or certificate programs, or, if you're in the process of earning your bachelor's degree, check course offerings at your current university.

Do you love your current company, but want to make more? Maybe you want to find a new job as an investment banking associate, but don't know where to start. Either way, a good first step is to research your market rate. Once you know what you're worth, see how your current salary or that of new job postings compares to what you currently make. When negotiating for a higher salary, consider asking for at least 10% more than your current salary or above the amount you were offered in a new job, but that may change depending on how the current amount compares to the market rate.

Additional Resources

Investment Banking Associate Job Description Template

Salaries

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