The salary and compensation of investment bankers in New York City has always been a focus of attention. As one of the top financial centers in the world, New York City gathers many prestigious investment banks, especially the bulge brackets like Goldman Sachs, JP Morgan, Morgan Stanley, etc. The high salaries and bonuses in investment banks on Wall Street attract top talents around the world. By looking into the common salary levels, bonus ratios and total compensation of investment bankers in New York City, we can better understand the rewarding career path of investment bankers.
Base salaries for investment banking analysts in nyc range from $85K to $175K
According to publicly available salary data, the base salary for first-year investment banking analysts in New York City typically ranges from $85,000 to $175,000. Top banks on Wall Street tend to pay on the higher end. For example, Goldman Sachs provides a base salary between $100k to $125k for analysts. Standard bonuses are between 50% to 100% of base salaries. As analysts get promoted to associate level, their base salaries can jump to $150k to $250k.
Signing bonuses add one-time compensation up to $50k for new investment banking analysts in nyc
In addition to base salaries and year-end bonuses, investment banks in New York City also offer lucrative signing bonuses to attract top talents. For newly graduated analysts joining right after college, signing bonuses can range from $20k to $50k. The one-time lump-sum cash payment aims to compensate for compensation lost from reneging return offers at other companies.
Total compensation rises quickly and exceeds $300k for third year investment banking analysts in nyc
As investment banking analysts gain more experience after two to three years, their total compensation also sees significant growth. It’s common for third year analysts to earn over $300k in total compensation at New York City investment banks. The compensation mix comes from higher base salaries of $175k+, larger bonuses of $150k+ and sometimes retention bonuses. This lucrative pay enables a comfortable lifestyle in the expensive city.
Vice presidents earn $500k to $1M+ in total compensation at nyc investment banks
After getting promoted to vice president level, investment bankers in New York City start earning total compensation in the high six figures and beyond. Base salaries for VPs are around $200k, and bonuses can reach 200% to 300% of base salaries. Top performing VPs at elite banks in NYC earn over $1 million in total compensation.
Investment bankers in New York City earn among the highest salaries in the finance industry, with lucrative bonuses adding majorly to total compensation. Base salaries range from $85k to $250k, bonuses from 50% to 300% of base, and signing bonuses from $20k to $50k.