The financial industry has always been known for its high salaries and bonuses. With the right qualifications and experiences, finance professionals can easily earn six figures and beyond. However, the competition is also fierce as more talents flood into the industry. This article analyzes the salary levels of various finance positions and the trend of rising competition.
Junior Analyst Salaries Range From $60K to $90K With Bonuses
The provided context shows that junior analyst salaries in investment banks range from $85K base + $55K bonus at the lower end, up to $150K base + $175K bonus at the higher end. The main factor is years of experience, credentials like CFA, and employer prestige. Smaller boutique firms tend to pay less but with potentially higher bonuses. The trend is rising competition at junior levels as talents flood in, making it harder to get those six figure junior salaries.
Associate Salaries Above $200K, VP at $400K+, MD Earning Millions
As analysts get promoted to associate and then VP levels, their compensation also increases substantially. Associates can earn above $200K quite comfortably, while VP salaries range from $200K base + $200K bonus up to $500K total comp. At the managing director and partner levels, it’s common to see seven figure earnings at top investment banks and funds.
Actuaries, Accountants Also Command Good Salaries With Less Stress
Besides front office high finance jobs, support functions like actuarial, accounting and risk management also pay decently well while being less stressful. Qualifications like FRM and CPA boost salaries significantly. But again, rising talents also increase competition for those coveted qualifications.
In conclusion, top investment finance talents can earn multi-six figure or even seven figure salaries at senior levels due to high business impacts. However, junior salaries see downward pressure from rising competition, making it harder than ever to get into top firms.