The investment banker salary in the US is $92,334 per year, while in Canada it barely stands at C$60,000 ($47,010). The same professionals living in the UK make £51,116 ($67,712) per year, coming near that are those working in Australia with AU$85,579 ($64,562) per year.
In New Zealand, an investment banker makes about NZ$86,000 ($58,349) per year while people with the same job barely make Rs 844,970 ($12,996) per year in India. Investment bankers from South Africa win around R446,715 ($31,543) per year. Below, we will take a look at the main factors influencing the salary of investment bankers.
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How Much Does an Investment Banker Make per Year by Country?
| Investment Banker Salary | US | Canada | UK | Australia | New Zealand | India | South Africa |
| Hourly Pay | $38.67 | C$28.84 ($22.60)* | £24.57 ($32.55)* | AU$41.14 ($31.03)* | NZ$41.34 ($28.05)* | Rs 406.23 ($6.24)* | R 214.76 ($15.16)* |
| Annual Pay | $92,334 | C$60,000 ($47,010) | £51,116 ($67,712) | AU$85,579 ($64,562) | NZ$86,000 ($58,349) | Rs 844,970 ($12,996) | R446,715 ($31,543) |
* Hourly wage was extrapolated from the annual salary.
Investment Banker Salary Influencing Factors
The salary range of an investment banker varies depending on location, company, and most importantly on experience. Investment bankers work for multinational banking companies which deliver financial services and solutions for government entities, organizations, and other companies. The information we have here is from Payscale.com.
1. Location
How Much Does an Investment Banker Professional Make in the US?
Based on location, investment bankers are best paid in San Francisco as the average salary is about $139,000 per year. Also, investment bankers working in Chicago, Boston, Atlanta, and New York have annual wages ranging between $123,000 and $129,000. Furthermore, the investment banker salary in San Diego, Columbus, Seattle, and Los Angeles is between $99,000 and $110,000. The lowest salaries are in Minneapolis, Tampa, and Phoenix where investment bankers make between $86,000 and $90,000 per year.
| Per Year | Per Hour | |
| Minimum | $50,927 | $24.48* |
| Maximum | $206,084 | $99.07* |
| Bonus/Tip | $141,914 | $68.22* |
| Overtime | No additional pay | No additional pay |
| Total Pay | $60,402 to $340,760 |
A (*) indicates that the hourly rate was not available and was extrapolated from the annual pay.
Investment Banker Salary by State
Below, we have prepared a table highlighting the annual median investment banker salary across the United States:
| State | Median Annual Salary |
|---|---|
| Arizona | $84,000 |
| Arkansas | $104,000 |
| California | $110,000 |
| Colorado | $91,000 |
| Connecticut | $118,000 |
| Delaware | $90,000 |
| District of Columbia | $104,000 |
| Florida | $95,000 |
| Georgia | $117,000 |
| Hawaii | $63,000 |
| Idaho | $67,000 |
| Illinois | $116,000 |
| Indiana | $98,000 |
| Iowa | $101,000 |
| Kansas | $94,000 |
| Kentucky | $89,000 |
| Louisiana | $92,000 |
| Maine | $91,000 |
| Maryland | $105,000 |
| Massachusetts | $123,000 |
| Michigan | $104,000 |
| Minnesota | $90,000 |
| Mississippi | $107,000 |
| Missouri | $101,000 |
| Montana | $86,000 |
| Nebraska | $75,000 |
| Nevada | $78,000 |
| New Hampshire | $101,000 |
| New Jersey | $111,000 |
| New Mexico | $89,000 |
| New York | $128,000 |
| North Carolina | $98,000 |
| North Dakota | $91,000 |
| Ohio | $98,000 |
| Oklahoma | $95,000 |
| Oregon | $99,000 |
| Pennsylvania | $99,000 |
| Puerto Rico | $99,000 |
| Rhode Island | $93,000 |
| South Carolina | $101,000 |
| South Dakota | $77,000 |
| Tennessee | $95,000 |
| Texas | $99,000 |
| Utah | $80,000 |
| Vermont | $91,000 |
| Virginia | $103,000 |
| Washington | $106,000 |
| West Virginia | $97,000 |
| Wisconsin | $91,000 |
| Wyoming | $85,000 |
| US Annual Wage | $92,334 |
| US Hourly Wage | $38.67 |
How Much Does an Investment Banker Professional Make in Canada?
| Per Year | Per Hour | |
| Minimum | C$39,355 | C$18.92* |
| Maximum | C$102,129 | C$49.10* |
| Bonus/Tip | C$77,281 | C$37,154* |
| Overtime | No additional pay | No additional pay |
| Total Pay | C$39,866 to C$174,524 |
The (*) also indicates that the hourly rate was not available and was extrapolated from the annual pay.
How Much Does an Investment Banker Professional Make in the UK?
| Per Year | Per Hour | |
| Minimum | £27,617 | £13.27* |
| Maximum | £123,341 | £59.29* |
| Bonus/Tip | £49,833 | £23.95* |
| Overtime | No additional pay | No additional pay |
| Total Pay | £29,590 to £148,994 |
The (*) indicates that the hourly pay was extrapolated from the annual pay.
How Much Does an Investment Banker Professional Make in Australia?
| Per Year | Per Hour | |
| Minimum | AU$57,000 | AU$27.40* |
| Maximum | AU$155,470 | AU$74.74* |
| Bonus/Tip | AU$100,841 | No additional pay |
| Overtime | No additional pay | AU$35.00 |
| Total Pay | AU$57,000 to AU$253,513 |
A (*) also indicates that the hourly rate was extrapolated from the annual pay.
How Much Does an Investment Banker Professional Make in New Zealand?
| Per Year | Per Hour | |
| Minimum | NZ$46,452 | NZ$22.33* |
| Maximum | NZ$130,000 | NZ$62.50* |
| Bonus/Tip | NZ$11,000 | NZ$5.28 |
| Overtime | No additional pay | No additional pay |
| Total Pay | NZ$46,452 to NZ$130,000 |
The (*) also indicates that the hourly rate was not available and was extrapolated from the annual pay.
How Much Does an Investment Banker Professional Make in India?
| Per Year | Per Hour | |
| Minimum | Rs 302,198 | Rs 145.28* |
| Maximum | Rs 3,541,992 | Rs 1,703* |
| Bonus/Tip | Rs 597,997 | Rs 287.50 |
| Overtime | No additional pay | No additional pay |
| Total Pay | Rs 302,198 to Rs 3,634,556 |
A (*) also indicates that the hourly rate was not available and was extrapolated from the annual pay.
How Much Does an Investment Banker Professional Make in South Africa?
| Per Year | Per Hour | |
| Minimum | R194,856 | R93.68* |
| Maximum | R1,223,393 | R588.169* |
| Bonus/Tip | R600,000 | R288.46* |
| Overtime | No additional pay | No additional pay |
| Total Pay | R268,964 to R1,600,483 |
The (*) indicates that the hourly rate was not available and was extrapolated from the annual pay.
2. Experience
The employee’s experience is the most influencing factor in establishing the median salary of investment bankers. People from the US that have an average experience of maximum 5 years earn an annual salary of $93,000. On the other hand, more experienced investment bankers with 5 to 10 years in the field and the ones with 10 to 20 years have a salary of around $146,000 per year. After that their salary sees a significant rise until late-career when they can win even $228,000 every year.
Investment bankers in Canada when at an entry-level position can make about C$63,000 per year, their salary goes up as years go by, reaching C$110,000 at mid-career and peeking at C$140,000 after 10-20 years on the job. After that, the salary sees a decline to C$102,000 after more than 2o years.
The salary evolution depending on experience is different for professionals living in the UK. While the beginner‘s salary starts from ₤66,000 per year, it goes lower after 5-10 years, at ₤62,000 yearly. Then it sees an increase at ₤127,000 annually, for experienced employees that have 10-20 years on the job, while more experienced professionals with more than 20 years in the field can make around ₤250,000 per year.
3. Industry
Investment bankers in the US win profit sharing of up to $194,888 and a commission of up to $100,000 yearly. While those in Canada can make a profit sharing of up to C$1,500 yearly. Same professionals from the UK make between £204.26 and £117,446 in profit sharing. While those from Australia get a profit sharing of AU$1,030 and up to AU$48,479 yearly. Indian investment bankers make Rs 40,000 per year from profit sharing, while those in South Africa make R7,000 yearly.
- The Goldman Sachs Group Inc. – offers the highest salaries for investment bankers ranging between $116,000 and $225,000 per year based on the person’s experience.
- P. Morgan Chase & Co. (JPMCC) – also comes with a generous annual salary of between $98,000 and $160,000.
Schedule & Working Hours
Investment bankers work around 50 hours per week in an office environment. In addition, their work schedule is sometimes flexible so they can organize client appointments.
Bonuses & Benefits
Besides their salary, investment bankers from the US also win a bonus of $4,878 to $141,914 per year. While those in Canada make in bonus C$1,922 to C$77,281 yearly. Same professionals win bonuses of £1,927 to £49,833 in the UK and between AU$5,087 and AU$100,841 in Australia. The bonus for the same employees is at NZ$11,000 per year in New Zealand, between Rs 4,848 and Rs 597,997 in India, and R8,500 to R600,000 in South Africa.
| Country | United States | Canada | United Kingdom | Australia | New Zealand | India | South Africa |
| Medical | 90 | 83 | 61 | 63 | — | 74 | 61 |
| Dental | 71 | 58 | 25 | 11 | — | 5 | 11 |
| Vision | 62 | 33 | 21 | 11 | — | 5 | 6 |
| None | 7 | 17 | 36 | 37 | — | 26 | 39 |
The table above presents percents of the healthcare benefits by country. And a (–) indicates that there is no health care information available.
Career Outlook
Based on BLS statistics, the employment rate is expected to increase by 11 percent by 2026, that is faster than the average for all occupations. Plus, there is a growing interest in financial products as most companies are searching for new strategies and projects to invest their capital. However, the competition will still be quite strong because a lot of people are interested in pursuing this career.
Besides being paid on a monthly basis, investment bankers from the US also receive profit sharing from their employers, as well as commission. In addition, they also benefit from medical coverage, dental and vision insurance, as well as bonuses, that can be as generous as the annual salary.
Conclusion
To sum up, this occupation is a secure career choice that comes with unique benefits such as profit sharing and bonuses. Better still, the annual investment banker salary is quite motivating, so job satisfaction is high regardless of where you live. If you are interested in working in this field, you can also look at related jobs like the stock broker or financial advisor.