Investment Banker Analyst Salary
Investment bank analysts provide guidance, based on in-depth research and analysis, to clients. Analysts study company financial statements and balance sheets, as well as performance of stocks, bonds and commodities, striving to project the future performance of various types of investments. Investment banking analysis is a competitive, but financially rewarding, career field.
Other People Are Reading
-
Average Salary
-
The U.S. Bureau of Labor Statistics classifies investment banker analysts as part of the broader occupational class of financial analysts. In 2009, the BLS reported that financial analysts earned an average of $85,240 a year. Salaries varied among analysts, with the lowest-paid 10 percent earning an average of $44,000 a year and the top 10 percent earning more than $139,000 a year. The median annual salary for a financial analyst was $73,670, according to the BLS.
Salaries by Industry
-
Among financial analysts, those employed by financial investment firms, such as investment banking companies, earned the highest salaries. BLS data reported that analysts in investment firms earned an average of $111,490 a year. By comparison, annual salaries for financial analysts employed by insurance companies, securities brokerages and company management ranged from $75,000 to about $98,000.
-
Salaries by Geography
-
New York City is a major center of world finance and the home of many major investment banking firms. Not surprisingly, investment banking and financial analysts in New York earn higher salaries than their counterparts in other states and cities. The BLS reported that analysts in New York earned an average of $107,650 a year in 2009, while analysts in other high-paying states, such as California, Connecticut and Massachusetts, earned between $93,000 and $97,000 a year.
Considerations
-
This is a competitive field that requires significant educational preparation. Becoming a financial analyst requires the minimum of a bachelor's degree in business, finance, economics, accounting or a related field. The BLS reports that some jobs may even require a master's of business administration. In addition, financial analysts can expect to work long hours, poring over spreadsheets, financial reports and extensive sets of financial data, analyzing the information with statistical software. Analysts also may have to obtain professional licenses and certifications, but the BLS reports that analysts generally earn these credentials after being hired. The Chartered Financial Analyst credential issued by the CFA Institute, for example, is one of the most respected certifications in the financial industry.
-
References
Resources
- Photo Credit Checking the investment image by Victor Soares from Fotolia.com
