The Salary of an Investment Banker Associate
An associate investment banker is responsible for selling and trading stocks and bonds. An investment banker gives advice concerning securities, mergers and public/private assets. Those who are associates in the field usually report to senior investment bankers and assist in strategic financial planning for individuals, corporations, nonprofit groups and government organizations. An investment banker associate's salary is dependent upon the specific type of industry, geographic location and job title.
Other People Are Reading
-
National Average Salary
-
National average salaries in investment banking partially determine an individual investment banker's annual income. According to the Burueau of Labor Statistics in May of 2009, an investment banker associate, who worked as a securities, commodities and financial services sales agent, earned an average income of $66,900 per year. Indeed reports the average salary for an investment banker (including both associate and senior level positions) at $82,000 on an annual basis.
Type of Industry
-
The specific type of industry influences an investment banker's annual salary level. According to the Bureau of Labor Statistics in May 2009, investment bankers employed by credit intermediation companies earned an average annual wage of $60,200 per year. Those who worked for security/ commodity firms and brokerages earned an average of $107,400 per year. At the top end of the market, investment bankers employed by metal and mineral wholesalers earned an average of $176,700 annually.
-
Geographic Location
-
Geographic location affects an investment banker associate's average annual salary. Employment factors, cost of living indexes and the supply/demand for investment bankers also impacts average salaries. According to the Bureau of Labor Statistics in May of 2009, investment bankers in Utah earned an average of $77,200 per year. Those employed in New Jersey earned $91,700 on an annual basis. Investment bankers employed in Washington D.C. and Connecticut earned average salaries of $102,200 and $161,000 respectively.
Job Title
-
Investment specialists, who have investment experience but are not deemed "bankers," earn slightly higher average wages than those who work in banks as security/commodity sales agents. According to My Salary, the average median income for an investment specialist is $77,200 per year as compared to the Bureau of Labor Statistics $66,900 average annual salary range. Specific job titles and job responsibilities partially determine salary levels in the investment industry.
-
