How much do investment bankers make starting out?
How much do investment bankers make starting out?
Well let’s take a look at a top job site such as ZipRecruiter!
Moreover, ZipRecruiter apparently observes annual salaries falling the range of $125,500 and as low as $21,000.
Furthermore, the majority of Entry Level Investment Banker salaries currently range between $37,500 (25th percentile) to $69,000 (75th percentile). In addition, with the top earners (90th percentile) making $100,000 annually across the United States.
Receiving an offer from a tier 1 investment bank sets everyone up for higher salaries, of course.
However, stand out at a smaller firm and often outsized bonuses appear.
Many young individuals do not mind the grueling hours. Furthermore, they love the delicious take out that these jobs afford you. Yes, you will eat very well.
However, the hours! Unrelenting!
Even the top technology firms, Facebook, Google, won’t pay their staff right out of college these wages.
Plus, for many the investment banking job only represents a steppingstone for private equity in the future one day. There the salaries balloon relative to investment banks. Also working in New York pays the most!
For many the new option becomes trying to acquire a New York investment banking job. Thus, achieving the higher salary. However, eventually convincing your boss of working remotely so that you can keep the New York salary and pay expenses in Denver or Miami or Houston. Although the discount in Miami became much smaller over the last few years. As so many New Yorkers fled south.
How much do investment bankers make starting out?
Sources for this article:
Entry Level Annual Salary ($57,197 Avg | Apr 2022) – ZipRecruiter
