Advancement Prospects
Associates typically work at an investment bank for two to three years before being promoted to investment banker. Associates who worked as analysts before grad school have a little more experience under their belts and are in a better position to move up the ladder to higher salaried positions as vice presidents or managing directors.
Investment banking is a very performance-based industry, and associates who don’t perform well are asked to leave the firm after completing their two- or three-year contract. Associates who leave the investment banking industry might start a company or work at a private equity, venture capital, or hedge fund firm. Others might go into financial consulting or academia.
Related Professions
- Accountants
- Auditors
- Chief Executive Officers
- Chief Financial Officers
- Commodities Brokers
- Compliance Managers
- Financial Analysts
- Financial Consultants
- Financial Institution Officers and Managers
- Financial Institution Tellers, Clerks, and Related Workers
- Financial Quantitative Analysts
- Financial Services Brokers
- Hedge Fund Investor Relations Specialists
- Hedge Fund Relationship Managers
- Investment Bankers
- Investment Banking Analysts
- Investment Banking Sales Brokers
- Investment Banking Traders
- Investment Fund Managers
- Investment Professionals
- Investment Underwriters
- Mergers and Acquisitions Attorneys
- Mutual Fund Wholesalers
- Private Bankers
- Regulatory Affairs Managers
- Regulatory Affairs Specialists
- Wealth Management Associates
- Wealth Management Investor Relations Specialists
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