Investment banker salaries in the US: $100k to $400k
We’re most of the way through bonus season this year. While bonuses are always bound to be a bit disappointing (how can you ever satisfy someone who worked an average of 100 hours a week over the year?), there’s another part of bankers' pay: the salary.
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Analysis of over 300 entries to the H1b database of publicly submitted and verifiable information submitted by a dozen banks across 2024 shows a relatively straightforward truth: banks pay pretty good salaries, actually.
The bad news is that banking salaries in the US haven't risen with inflation. Our analysis shows that salaries in 2024 were on par with 2023's. It’s important to note that bonuses are not included in the numbers in the chart below. Depending on seniority, bonuses can add an additional 10 to 1,000% of a banker’s salary to their total compensation figures.
With the average banking MD generating $4.5m in revenue, and roughly 20% of that being paid to them as a bonus according to Selby Jennings, the numbers can get much, much higher than their salaries suggest. The average MD earns a salary four times higher than their analyst; their bonus, however, is more like 10 to 20 times higher.
Banks analysed in the table below include Goldman Sachs, Morgan Stanley, JPMorgan, Bank of America, Barclays, Deutsche Bank, UBS, Evercore, PJT Partners, Moelis, Rothschild, and William Blair.
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