Q:

What is the salary for an investment banker?

A:

Quick Answer

As of 2014, the average salary for investment bankers ranges from $70,000 (for first-year analysts) to several million dollars, which managing directors normally earn. Bonuses factor heavily in the average salary values, regardless of the banker's seniority.

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Full Answer

The salaries vary depending on the firm and the part of the country wherein the firm operates. Bonuses normally start at 10-50 percent of the salary, but can eventually grow up to three times the salary. Analysts work between 80 to 120 hours a week. They start their work during summer and receive bonuses during June or July the following year. On the other hand, associates work 10-20 percent shorter hours and receive higher bonuses.

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