How much money could I make as an investment banker right out of undergrad?

Prepwise AnswersCategory: Finance CareersHow much money could I make as an investment banker right out of undergrad?
Career Dev Staff Staff asked 2 years ago
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3 Answers
Career Dev Staff Staff answered 2 years ago

Starting salaries for investment banking positions with a bachelors degree (assistant or junior analyst position) should range from $100,000 to $150,000 after bonus. Most of the major banks in NYC are offering a starting salary of around $75,000 plus a $15,000 to $20,000 signing bonus. Further bonus can range from $20,000 to $40,000 depending on performance.

Kate McKeon Staff answered 1 year ago

The average salary for investment bankers right out of college is a base salary of $70,000.00 a year. That is about $5,800 per month. That is just a base salary and does not include bonuses. That’s across the US.

Kate McKeon Staff answered 1 year ago

The question of how much money “could” you make (a lot), is probably not as useful as asking how much money “should” you make, when starting in the investment banking profession.

For many budding postgraduates looking to begin a career in investment banking, while incredibly rewarding, will be told that the first two or three years will be an opportunity to earn around $65,000. After this, when investment bankers reach the ripe old age of 25, things get a little more attractive, with pay packages sitting around $120,000. This rise will be dependent on whether you, as a candidate, fulfill the necessary responsibilities to go from analysts and assistants to associates.

Further up the food chain, where vice presidents of investment banking firms are readily taking home between $250,000 and $350,000 dollars, and presidents comfortably rake in $650,000 to $750,000 a year, starting and ending your career in investment banking is a wise choice for any budding economist!