How much do Chase investment bankers make?
Average JPMorgan Chase & Co Investment Banker yearly pay in the United States is approximately $90,000, which is 11% above the national average. Salary information comes from 1 data point collected directly from employees, users, and past and present
| Level Name | Total | Base |
|---|---|---|
| Analyst 601 | $123K | $105K |
| Associate 602 | $228K | $174K |
| Vice President 603 | $290K | $191K |
| Executive Director 604 | $598K | $303K |
The average salary for investment bankers is around $118,200 per year, according to Payscale data from January 2024. The U.S. Bureau of Labor Statistics (BLS) projects that securities, commodities and financial services sales careers—which include investment bankers—will grow by 7% from 2022 to 2032.
On average, a first-year investment banker makes a 5-digit salary, in the range of $70,000 – $90,000, while a 7-digit salary is considered above average and is difficult to achieve for most people in their careers.
J.P. Morgan Salary FAQs
The average salary for an Investment Banking Analyst is $190,561 per year in New York City, NY, which is 10% higher than the average J.P. Morgan salary of $172,868 per year for this job. What is the salary trajectory of an Investment Banking Analyst?
Investment banking is one of Wall Street's most coveted roles. It is also one of the hardest. It is no surprise that the average day in an investment banker's life is long and stressful. Those who manage to survive the adjustment period often go on to have long and financially rewarding careers.
The well-known bulge bracket banks like Goldman Sachs, J.P. Morgan, and Bank of America tend to work analyst-level investment bankers at the industry standard scale of 60-80 hours per week. Example Bulge Bracket Banks: Goldman Sachs.
Investment bankers have a compensation model that includes a base salary and all or some additional forms of compensation, including bonuses, commissions and profit-sharing. It's common for an investment banker's bonus to surpass their base pay, and in profitable times, they may earn over half a million dollars a year.
What Are the Big 4 Investment Banks? The big four are JPMorgan, Goldman Sachs, Citigroup, and Morgan Stanley. Some other global giants are treading right on their heels, including Deutsche Bank, Barclays, Credit Suisse, and UBS.
Investment banks impose a high fee based on the amount of the offering (usually 2-8% of the total deal). They earn millions of dollars in commissions as a result. They are also paid for setting an appropriate price and assembling a solid network of enthusiastic investors about the company's long-term prospects.
Which bank gives highest salary?
State Bank of India (SBI) provides the highest salary among all public sector banks in India. They will give an enormous amount of pay along with handsome perks, allowances, and benefits to the employees. SBI PO is one of the most demandable and desirable jobs in the Banking sector.
| 1 | First Republic | $90,102 |
|---|---|---|
| 2 | JPMorgan Chase & Co | $70,857 |
| 3 | Citi | $61,761 |
| 4 | Bank of the West | $61,727 |
| 5 | HSBC | $61,469 |
Age Range: It's nearly impossible to reach this level before your early 30's, so we'll say 35-50 for the range. Few MDs continue working until the official retirement age (65-70); it's a stressful, high-pressure job, and past a certain net worth, it's just not worth it.
J.P. Morgan Salary FAQs
The average salary for an Analyst is $96,220 per year in New York City, NY, which is 16% lower than the average J.P. Morgan salary of $114,619 per year for this job. What is the salary trajectory of an Analyst? The salary trajectory of an Analyst ranges between locations and employers.
The average J.P. Morgan salary ranges from approximately $53,386 per year for Document Processor to $204,015 per year for Executive Director. Average J.P. Morgan hourly pay ranges from approximately $12.85 per hour for Financial Advisor to $61.29 per hour for Full Stack Developer.
As of Jan 28, 2024, the average annual pay for a Jpmorgan Analyst in New York City is $73,830 a year.
Investment banking hours are notoriously long — a job in investment banking can involve working over 100 hours per week. However, investment bankers do not always work that many hours, and not every minute of every day is spent agonizing over Excel spreadsheets.
Yes, GPA matters! Bulge bracket banks and almost all other investment banks will look at your GPA when applying for a job and you should include it in your resume. Typically banks screen resumes based on GPA and will often remove anyone below 3.5.
Can you become a millionaire as an investment banker? It is possible to become a millionaire as an investment banker, but it is not easy.
But people in IB (at least people I kind of know) work until about 2am every day and come into office between 9/9:30. So realistically they get about 5-6 hours of sleep (or even less in busier periods) and are expected to be functioning 100% every day.
Do investment bankers work 7 days a week?
Many Analysts might be working more like 80-90 hours per week rather than 70-80. That may not sound significant, but it's the difference between 12.5 hours per day for 6 days with one day off and 12.1 hours per day with no days off.
Investment bankers spend hours analyzing market reports and databases to get relevant information to aid in decision-making. The research may range from finding and comparing stock performances for several companies to building company profiles for reports.
So, in answer to the question, a $450,000 salary is VERY good.
It is more than 15 times the median US income. It puts you in the top 0.1% of income earners. Less than 1 in 1000 Americans earn this much. You are making over $50,000 per month.
The short answer is that compensation at the high end in investment banking is much higher than in medicine. The caveat is that riches in finance go to small number of individuals.
