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what is the starting salary of an Investment Banker

2006-08-29 13:35:47 · 4 answers · asked by JM 3 in Business & Finance Careers & Employment

4 answers

Investment Bankers receive the highest starting salary of any graduate-level job in the United Kingdom- whilst the average starting salary for graduates in the top 100 AGR blue-chip firms is £23,000
(and closer to £15,500 for all graduates according to Prospects.co.uk), investment banking graduates can enjoy a starting salary of £35,000 - £37,000 - on top of this, a £5,000 - £6,000 "golden handshake" is typical, with an end-of-year bonus up to a further £45,000 for some 'front office' divisions. This puts a year-one salary at about £80,000 - more than 5 times the average for a graduate. Whilst the £35,000 base salary only rises by four figures annually, bonuses for the best performers rises exponentially, being many multiples the size of their base salary, so that many in Corporate Finance, Trading and Sales can expect six-figure pay packages in their 3rd year, when promoted to Associate level.
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Unlike the UK, corporate law competes with banking to be the highest-paying graduate job in USA, with potential six-figure starting salaries for both sectors on par with one another.

Investment bankers are compensated through a base salary that is paid through the year and a large year-end bonus, in July for junior bankers and in November for senior bankers. In the United States recent graduates, are hired to fill analyst positions and are commonly paid for their first year a $56,000 salary, a $9,000 sign-on bonus, and a bonus that ranges with the reputation and the profitability of the firm but can be as high as $50,000; bonuses are somewhat opaque, often exaggerated, and vary wildly from year to year, 2006 being considered universally a strong year for bonuses. The base salary increases about $10,000 a year and the size of the bonus increases by about $20,000 a year for analysts. Most analyst contracts expire after 2 years and most analysts are let go at that time. The best analysts are asked to stay on for a third year, and can be promoted to the Associate level after the 3rd year. MBA graduates usually start at the Associate level. Associate salaries start with a $95,000 base salary, a sign-on bonus, and expected bonus of around $100,000. Vice presidents usually command all-in compensation of half a million dollars. Bankers more senior get paid according to the revenue they produce, but a typical managing director earns $1.5-$2 million while a group head might earn $3 million to over $10 million

2006-08-29 13:48:22 · answer #1 · answered by AO 2 · 0 0

Investment bankers are generally very well-paid individuals, but these positions require specific skills - number-crunching ability, excellent verbal and written communication skills, and the capacity to work very long and grueling hours. Educational requirements usually include an MBA from a top-notch institution and/or the Chartered Financial Analyst designation.

2015-04-17 19:04:51 · answer #2 · answered by Mary 2 · 0 0

An investment banker is an individual who works in a financial institution that is in the business primarily of raising capital for companies, governments and other entities. To hire for the right person they should posses the following qualities; smart and has a stong intellect on analytics, mathematics, finances and economics, has discipline, with and entrepreneur attitude and has a positive attitude that will make her/him globally competitive. I know these kind of individuals at www.bankruptcy-advice.com.au/sydney.

2016-03-16 18:41:44 · answer #3 · answered by Charles 3 · 0 0

my MBA buddies make between $100 - $150 upon graduation as ibankers.

2006-08-29 14:52:59 · answer #4 · answered by bt9906 1 · 0 0

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