Investment Banker
Investment Banker Job Description
Sales Agents, Securities and Commodities Buy and sell securities in investment and trading firms and develop and implement financial plans for individuals, businesses, and organizations.
Investment Banker Salary Statistics as of 2015
Average annual salary for a Investment Banker is $99145 based on statistics in the U.S. as of 2015. The highest salary recorded was $253000. The lowest salary reported was $43130. These figures will vary on a state to state basis as these are averages across all 50 states.
Median hourly wage for a Investment Banker is $27.75 based on statistics in the U.S. as of 2015. The highest hourly rate recorded was $41.1. The lowest hourly rate recorded was $14.4. These figures will vary on a state to state basis as these are averages across all 50 states.
Bonuses for a Investment Banker are based on the years of experience using statistics from the U.S. as of 2015. The average bonus recorded was $45000 from people with 15+ years of experience. The average bonus recorded was $9863 from people with under 1 year of experience.
These are the highest paying states for a Investment Banker. These numbers are based of the median annual salary as of 2015.
California – $50,335 – $297,988
Georgia – $39,305 – $71,216
Illinois – $40,000 – $76,302
Minnesota – $78,611 – $97,667
New York – $43,128 – $171,258
Pennsylvania – $40,000 – $150,000
Texas – $30,791 – $111,502
These are the highest paying cities for a Investment Banker. These numbers are based of the median annual salary as of 2015.
New York, New York –
San Francisco, California –
Dallas, Texas –
Chicago, Illinois –
Los Angeles, California –
Minneapolis, Minnesota –
Atlanta, Georgia –
This chart outlines the average annual salary of a Investment Banker from the past 5 years. In 2015 the average annual salary was $99145 while in 2007 it was just $91945.34
How To Become An Investment Banker
To work as an investment banker a bachelors degree is required. Many investment bankers will return to school for a MBA. The educational requirements for this career can be very expensive. The top universities will provide better connections and contacts into the financial industry. Networking is a very important aspect of investment banking as competition for jobs is very tough. Investment bankers are expected to work long hours and many weekends. Working sixty to eighty hours a week is considered normal. Many investment banking jobs are concentrated around the world’s top financial centers like New York, Boston, and London. The cost of living in these cities is very high.
Job Outlook
Over the coming decade there is expected to be a slight increase in demand for investment bankers. As the world market continues to grow in developing nations there is an increased amount of deal flow with emerging market companies. Knowing a foreign language can be a serious asset in this career. With the explosion of the Chinese economy there is an increased demand for investment bankers with experience in China. An increasing number of Chinese companies are going public in the American markets. The ability to speak Chinese without the use of translator allows an investment banker to better sever the needs of Chinese companies.
If the amount of regulation in the financial industry increases there could be an increased amount of pressure placed upon the investment bankers. Investment bankers require the free and uninhibited flow of capital in order to work. If the world were to increase trade barriers and decrease the mobility of capital, then asset markets would become isolated. Isolated markets have a fewer number of investors and a smaller deal flow. If the U.S. government were to reinstate the separation between commercial and investment banking, then the demand for investment bankers would decrease. With the ability for commercial and investment banks to become one, the overall trading volume of most financial assets has increased. The need for more securities and financial assets helps to increase the demand for investment bankers. The opening of the international capital markets has helped to reinforce the dominance of American finance. As America acts as the major allocator of capital for the world, trading volume and the need for new bond issues remains strong.
Gender Statistics |
Related Jobs |
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78%
22%
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Based on our stats gathered across the U.S. 78% of Investment Bankers were males while 22% were females. These numbers are based on averages across all states combined. Some individual states may have a much different ratio however.
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Past Jobs Associate – Investment Banking |
Future Jobs |
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