How much do top investment bankers make?
Investment Banking Managing Director Salary + Bonus: Base salaries are in the mid-six-figure range, with total compensation in the high six figures to low seven figures. An MD doing decently should earn between $1 and $3 million per year, and sometimes a low multiple of that (as of 2022).
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. Investment bankers typically earn salaries in the $200,000 to $700,000 range, with bonuses that can bring their total income up to several million dollars per year.
Ways to make a lot of money in this world
Sure, anybody can make a good living being a doctor or a lawyer or an investment banker where you can make ~$200-500K per year a few years after you finish with your studies, but you hit a ceiling very quickly unless you start your own practice (aka start your own business).
How can you earn a six-figure salary at top investment banking firms without any experience in 2023. 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.
Highest salary that a Investment Banker can earn is ₹55.0 Lakhs per year (₹4.6L per month). How does Investment Banker Salary in India change with experience? An Entry Level Investment Banker with less than three years of experience earns an average salary of ₹18.6 Lakhs per year.
| Pay Type | Range | Median |
|---|---|---|
| Base Pay | $167K - $251K | $205K/yr |
| Bonus | $79K - $147K | $105K/yr |
Investment banking vice presidents (VPs) are the next step after associate and before director in the investment banking career path. At the VP level, the base compensation is typically between $250,000 and $300,000.
- Pilot. ...
- Actuary. ...
- Computer network architect. ...
- Air traffic controller. ...
- Petroleum engineer. ...
- Lawyer. ...
- Physicist. ...
- Computer and information systems manager.
At the heart of an investment banker's earning potential lies their involvement in high-value deals and transactions. These professionals facilitate mergers, acquisitions, and IPOs for corporations, reaping substantial fees in the process.
Although making $500,000 a year may sound like a Herculean task, you'll be surprised to know there are plenty of regular folks who hit the half million mark every year.
At what age do investment bankers retire?
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.
It is fairly common for front-office investment bankers to be earning over US$1m after 8 years in the industry. But it caps out at around US$20m, which is how much a top-performing investment banking CEO gets.
Investment Banking MD Salary (and Bonus)
Base salaries are in the mid-six-figure range, with total compensation in the high six figures to low seven figures. An MD doing decently should earn at least $1 million per year, and sometimes a low multiple of that; the average range is probably $1 – $3 million.
- Goldman Sachs & Co.
- Morgan Stanley.
- J.P. Morgan.
- Centerview Partners.
- Evercore.
- Lazard.
- PJT Partners.
- Moelis & Company.
Because the pay is so high and the job is so prestigious, particularly in cities such as New York, applicants far outnumber job openings every year.
1. Goldman Sachs is the highest paying bank overall - $398k in combined salaries and bonuses, on average. Goldman Sachs, which paid average salaries of $200k and average bonuses of $199k for 2023, was the highest paying bank we polled.
Instead, you start as an Analyst or Associate and get promoted by performing well and proving that you can work well with clients. If you start as an Analyst, it might take 2-3 years to become an Associate, and it might then take another 3-4 years to become a VP.
Total salary range for Goldman Sachs Vice President Risk Management. The estimated total pay range for a Vice President Risk Management at Goldman Sachs is $183K–$271K per year, which includes base salary and additional pay. The average Vice President Risk Management base salary at Goldman Sachs is $182K per year.
The estimated total pay range for a Partner at Goldman Sachs is $416K–$701K per year, which includes base salary and additional pay.
Total salary range for J.P. Morgan Investment Banking Vice President. The estimated total pay range for a Investment Banking Vice President at J.P. Morgan is $193K–$349K per year, which includes base salary and additional pay. The average Investment Banking Vice President base salary at J.P. Morgan is $188K per year.
How much does a VP at Citi investment banking make?
The average Investment Banking Vice President base salary at Citi is $215K per year.
Morgan Stanley Vice President Investment Banker Salary | $210K-$510K+ | Levels. fyi.
Those earning over $10m per year mostly work in management and finance, though there are significant numbers in sales, real estate, operations, medicine, law, engineering and art at this level. In fact, art has a bulge both at the bottom and at the very highest level of earnings – the celebrities.
And they're also counting the value of your home. By those standards, the five jobs with the most millionaires are engineer, accountant, teacher, people in management, and lawyer.
The difference between perception and facts is even more pronounced when looking at households with an annual income of more than $500,000. While the median weighted responses from survey participants suggest that one-fifth of U.S. households belong to that bracket, it's actually the oft-cited top 1%.
