Investment Banking Pay
Any college student seeking a major considers many things including the careers that will be waiting for them when they graduate. Many are motivated by the promise of a big paycheck, which is why some of them choose to become investment bankers. But how much does investment banking really pay? It all depends on what level you are in your career, what firm you work for, your geographic location, amount of experience and more. However you can be assured that investment banking ranks up there as one of the highest paying career fields.
You will find that a starting salary in investment banking for someone with a bachelors degree ranges from approximately $25,000 to $50,000 based on the firm and your location. If you have an MBA you can expect your average pay scale to go up, starting at $50,000 plus ranging in the hundreds of thousands. Another part of your pay is your bonus. The average bonus can range from ten percent to fifty percent in the beginning. Later on bonuses may range as high as three times your salary.
Some companies give new employees a sum of money that cannot be accessed for three years. This keeps the employees at the firm and prevents turnover. This is a strategy you will find less with analysts and more with bankers. You should know that pay isn't the only thing to consider when looking for a job in investment banking. It's also important to consider other factors such as location. Sometimes it's better to take less money in exchange for a better job location or better quality of coworkers. Potential for future advancement is also something to think about when job hunting.
When it comes to investment banking pay, you can rest assured that it is usually quite good. With a bachelor's degree you can make a good salary, but with an MBA you can make an even better one. There is a great deal more information about the field of investment banking as a career on the Internet. You can even look up specific salaries based on certain criteria to give you a better idea of what to expect in your own career. No matter where you start, there is always room to advance. Education, internships and dedicated work at whatever firm you end up going with can take you far.
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CIMB top investment bank in Asia KUALA LUMPUR: CIMB Investment Bank won The Banker magazine's top investment bank award for Asia at its annual investment banking awards, arguably the most prestigious achievement by a local investment bank... | ||
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