Wall Street Banker Salary
Wall Street bankers--or investment bankers--arrange various financial transactions for their clients or employers. For example, an investment banker might speak to a company or individual about investing in a stock or other financial arrangement, or he might help a company that is facing a financial difficulty, according to the State University website. Salaries for investment bankers vary widely based on job responsibilities, experience and employer.
Other People Are Reading
-
Average Salary
-
According to the State University website, the starting salary for investment bankers is typically between $45,000 and $85,000. According to the Careers in Investment Banking website, junior investment bankers, or those with a bachelor's degree, typically earn between $100,000 and $130,000 per year on average, while those with a master's degree earn between $90,000 and $180,000 on average.
Salary by Job
-
According to PayScale, your specific job as an investment banker also affects your salary. For example, financial advisers earn $43,982, while stockbrokers earn $39,098, as of May 2011. Chief compliance officers earn $104,938, while financial analysts earn $56,325. Securities traders earn $60,113 and registered sales assistants earn $39,840.
-
Experience
-
Experience also plays a role in an investment banker's salary. For example, according to PayScale, investment bankers with less then one year of experience earn $48,949, but those with one to four years of experience earn slightly less, with a median salary of $46,735 as of May 2011. According to the Careers in Investment Banking website, this is because some of the larger investment banking firms pay less, but people choose to work there anyway because of the firm's reputation. Investment bankers with five to nine years of experience earn $62,630, while those with 10 to 19 years of experience earn $73,640. Investment bankers with 20 or more years of experience earn $72,748.
Employer
-
Different employers pay different median salary ranges to investment bankers, according to PayScale as of May 2011. Barclays Capital, Inc. has the highest pay range reported by PayScale, with investment bankers at this firm earning between $55,304 and $168,707. Stifel Nicolaus & Company, Inc. pays the lowest range reported by PayScale, with investment bankers at that firm earning between $31,444 and $50,868. Investment bankers working at Citigroup, Inc. earn between $45,000 and $152,459; those at Morgan Stanley earn between $37,364 and $125,601; and those at Charles Schwab & Co., Inc. earn between $33,661 and $101,014.
-
References
- Photo Credit Creatas/Creatas/Getty Images
