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Investment Banking Associates

Earnings

Associates earned salaries that ranged from $83,000 to $157,500 in 2018, according to the 2020 Robert Half Salary Guide for Accounting and Finance Professionals. Analysts usually receive benefits such as paid vacation days and sick leave, health and life insurance, a 401(k) or other retirement savings plan, dinner stipends (for after-hours work), reimbursement for travel to and from work, and signing and year-end bonuses (that reached as high as $51,000 in 2019, according to PayScale).

Top-quartile performers at bulge-bracket banks such as Barclays, Morgan Stanley, and Goldman Sachs earn much higher total compensation, according to the Options Group. The global financial services recruiting firm reports that top-performing associates with one to two years of experience earn $110,000 to $135,000 in salary and another $60,000 to $160,000 in bonuses—with total compensation ranging from $170,000 to $295,000. 

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