- Associates at Wall Street investment banks can expect to earn total compensation that, in some cases, exceeds more than $250,000 per year.
- We tapped data from Wall Street Oasis to determine how much investment banking associates are earning at some of the most prominent firms on the Street.
- Here’s what banks like Morgan Stanley, Citigroup, Wells Fargo, and JPMorgan Chase pay their associates in salary and bonuses, on average.
- Are you a young person working on Wall Street? Contact this reporter via email at [email protected], encrypted messaging app Signal (561-247-5758), or direct message on Twitter @reedalexander.
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Investment banking associates at firms like Goldman Sachs, Credit Suisse, and Morgan Stanley earn well into the six figures.
Associates can expect to earn total compensation that, in some cases, exceeds more than $250,000 per year. That’s a combination of their base salary, which exceeds a minimum of $130,000 at all of these firms, and lucrative bonuses that range from just shy of $60,000 to more than $118,000 per year.
Read more: COMP COMPARE: From Goldman Sachs to JPMorgan, here’s what you can make at all the bulge-bracket banks as a first-year IB analyst
Business Insider gathered up salary data from the 10 bulge-bracket banks to figure out exactly what investment banking associates are earning. We used data from the website Wall Street Oasis, which in turn aggregates these figures directly from user submissions.
For comparison, associates outpace more junior analysts significantly when it comes to annual compensation. First-year analysts at big banks pull in an average salary of $91,000 per year (not including bonuses), as Business Insider has previously reported.
Banks hire associates out of MBA programs, and also offer some analysts looking to stay in investment banking direct promotions to the associate level.