Investment Banker Salary In New York
The investment banking industry is one of the most competitive careers out there, but it can also be one of the most lucrative. The average salary for an investment banker in New York City is $23.39 per hour, according to PayScale.com. This means that if you’re working full time as an investment banker, you could earn about $77,000 annually.
But let’s be honest: we all know that making a good living as an investment banker means having a high-paying job with a major Wall Street firm or hedge fund. If you’re not willing to work long hours and go without sleep on occasion, then this might not be the right career path for you–but if you love what you do and are willing to make sacrifices in order to get ahead then give it your best shot!
Although there are no guarantees when it comes to investment banking salaries (especially when considering inflation), there are some ways that can help increase your chances of earning more money than others. Here are five tips that will help boost your earnings potential:
1) Find A Great Investment Banker Job
Working for a top financial firm such as Goldman Sachs or JP
Investment Banker Salary In New York
|Monthly Pay||Weekly Pay||Hourly Wage|
How much does an Investment Banker make in New York?
As of Jun 4, 2022, the average annual pay for an Investment Banker in New York is $101,982 a year. Just in case you need a simple salary calculator, that works out to be approximately $49.03 an hour. This is the equivalent of $1,961/week or $8,499/month.
While ZipRecruiter is seeing salaries as high as $328,751 and as low as $22,390, the majority of Investment Banker salaries currently range between $51,333 (25th percentile) to $141,439 (75th percentile) with top earners (90th percentile) making $240,283 annually in New York.
The average pay range for an Investment Banker varies greatly (as much as $90,106), which suggests there may be many opportunities for advancement and increased pay based on skill level, location and years of experience.
Based on recent job posting activity on ZipRecruiter, the Investment Banker job market in New York is not very active as few companies are currently hiring.
New York ranks number 12 out of 50 states nationwide for Investment Banker salaries.
To estimate the most accurate annual salary range for Investment Banker jobs, ZipRecruiter continuously scans its database of millions of active jobs published locally throughout America.
Find your next high paying job as an Investment Banker on ZipRecruiter today.
What are Top 10 Highest Paying Cities for Investment Banker Jobs in New York
We’ve identified 4 cities where the typical salary for an Investment Banker job is above the average in New York. Topping the list is Manhattan, with New York City and Queens close behind in second and third. Queens beats the New York average by 3.5%, and Manhattan furthers that trend with another $14,664 (14.4%) above the $101,982.
With only a handful of cities paying above the average for New York, the opportunities for economic advancement by moving to a new location as an Investment Banker is a decision to make with some caution. Factoring in cost of living expenses should be considered as well.
However, another factor to consider is the average salary for these top 10 cities varies modestly at 22% between Manhattan and Poughkeepsie, suggesting it may be difficult to see much positive wage advancement. The possibility of a lower cost of living may help determine the balance between location and salary for an Investment Banker role.
|City||Annual Salary||Monthly Pay||Weekly Pay||Hourly Wage|
|New York City||$111,965||$9,330||$2,153||$53.83|
What are Top 5 Best Paying Related Investment Banker Jobs in New York
We found at least 5 jobs related to the Investment Banker job category that pay more per year than a typical Investment Banker salary in New York. Top examples of these roles include: Director Investment, Vice President Corporate Banking, and SVP Banking.
Importantly, all of these jobs are paid between $24,262 (23.8%) and $71,831 (70.4%) more than the average Investment Banker salary of $101,982. If you’re qualified, getting hired for one of these related Investment Banker jobs may help you make more money than that of the average Investment Banker position.
|Job Title||Annual Salary||Monthly Pay||Weekly Pay||Hourly Wage|
|Vice President Corporate Banking||$159,483||$13,290||$3,067||$76.67|
|Director Investment Operations||$126,598||$10,550||$2,435||$60.86|