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A Primer on Investment Banking Careers

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This basic primer on Investment Banking jobs gives you insight on the compensation levels and common titles found at an investment bank. Know the lay of the land before your start your job search.

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									A Primer on Investment Banking
            Careers

     www.JobSearchDigest.com


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    Investment Banking Careers
 • An investment banking career
       – One of most adored profession in financial
         services
       – The epicenter of Wall Street
       – The pressure the career brings
 • Working environment:
       – Highly competitive
       – Long hours, 6-7 days
         a week
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Potential for Massive Compensation
 • High pressure and high risk:
   high status and compensation
 • Compensation packages
       – Among the highest in any industry
       – Annual average compensation USD 400,000
       – Lower base salaries
       – Huge bonuses


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            Common Roles: Interns
 • Standard path for undergraduates

 • Compensation packages:
       – Salary approx. USD 5,000 per month
       – Housing allowance USD 1,000 - USD 2,000
       – Overtime up to USD 2,000 per week




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         Common Roles: Analysts
 • Analysts are recruited more than interns
 • An entry point for a career as an investment
   banker
 • Typically being promoted to the associate
   level within 3 years
 • Analysts who are not promoted:
       – Go to business school
       – Change careers




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           Common Roles: Analysts
 • First-year analysts
       – Basic salary up to USD 60,000 per year
       – Signing bonus up to USD 10,000
       – Average bonus USD 25,000


 • Benefit:
       –   Health insurance
       –   Life insurance
       –   Travel insurance
       –   Meal allowances

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     Common Roles: Associates
 • Many associates are recruited directly
   from top business school

 • First-year associates
       – Base salary USD 80,000 - USD 90,000
       – Average bonus more than USD 20,000




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  Common Roles: VPs and MDs
 • There are two to three ranks after the
   associate level

 • The funnel narrows significantly

 • The compensation increases
   exponentially



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  Common Roles: VPs and MDs
 • Vice Presidents:
       – Average salary approx. USD 110,000
       – Median bonuses approx. USD 135,000


 • Managing Directors:
       – USD 400,000 - tens of millions per year


 • No income limit at the top

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