As analysts in investment banks are informed of their bonuses this summer, there is more than a small degree of disgruntlement. Revenues in M&A divisions held up better in the first half of this year than revenues in capital markets, but juniors in all areas of investment banking appear to have been bonuses slashed. It's not just that they're earning less than last year, when pay was at record highs. In many cases, they're also earning less than 2019. Show
"It's an insult, they are joking," one first year Morgan Stanley analyst told us last week, upon discovering that his bonus in London was a mere 30% of his bonus. Second years at the bank reportedly received 50%. Neither were well-received after a year of 80 hour weeks. JPMorgan's analyst bonuses also appear to have been low and have evoked a similar tide of complaints, but grumbling is far less prevalent at Bank of America. While other banks have cut analyst bonuses by more than last year's salary increases, Bank of America has been generous. Investment banking fees at Bank of America were down 33% year-on-year in the first half of 2022. But for the most part, its people seem to be happy. Bank of America didn't respond to a request to comment on its pay. First year analyst salaries at Bank of America in London are £65k. Second year analyst salaries are £80k. First years have seemingly been receiving bonuses varying from 34% to 71% of salary, with some high performers allegedly receiving bonuses equivalent to salary. Juniors at rivals are looking on, and they are envious. BofA's generosity may yet be trounced by Goldman Sachs, which informs analysts of their bonuses in mid-August. Last year, Goldman Sachs paid first years the most, with total compensation in London averaging £130k according to Dartmouth Partners, but Bank of America was in second place with £113k compared to £101k at JPMorgan and £103k at Morgan Stanley. Click here to create a profile on eFinancialCareers. Make yourself visible to recruiters hiring for jobs where you can earn six figures in your first role out of university. Have a confidential story, tip, or comment you’d like to share? Contact: [email protected] in the first instance. Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher) Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.) No salaries foundUnlock by Adding Your Salary!Add your salary anonymously in less than 60 seconds and continue exploring all the data. Add Salary****** *****, ** | ****/**/***** **$***,********* *****, ** | ****/**/***** **$***,********* *****, ** | ****/**/***** **$***,********* *****, ** | ****/**/***** **$***,********* *****, ** | ****/**/***** **$***,********* *****, ** | ****/**/***** **$***,********* *****, ** | ****/**/***** **$***,********* *****, ** | ****/**/***** **$***,********* *****, ** | ****/**/***** **$***,********* *****, ** | ****/**/***** **$***,***The estimated total pay for a Investment Banking Analyst at Bank of America is $159,187 per year. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The estimated base pay is $104,474 per year. The estimated additional pay is $54,713 per year. Additional pay could include bonus, stock, commission, profit sharing or tips. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. See Total Pay Breakdown belowHow accurate does $159,187 look to you? Right High Low Your input helps Glassdoor refine our pay estimates over time. Related Searches: All Investment Banking Analyst Salaries | All Bank of America Salaries Total Pay Breakdown$159,187 Total Pay Pay TypePay EstimateMost Likely Range% of Total Pay Base Pay$104,474/yr$72K - $152K65.6% Bonus$35,962/yr$27K - $50K22.6% Stock$18,751/yr$14K - $26K11.8% What are some related job titles for an Investment Banking Analyst?Some related job titles are Equity Research Analyst salaries with median pay of $109,264, Financial Advisor salaries with median pay of $112,121, Financial Analyst salaries with median pay of $72,758, Investment-Banker salaries with median pay of $288,750. Current Job Openings for an Investment Banking Analyst at Bank of AmericaInvestment Banking Analyst 7 new United States Salaries > Investment Banking Analyst > US > Bank of America Investment Banking Analyst Salaries by DemographicAverages based on self-reported salaries. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Help make it more accurate by adding yours. Learn how this feature works. Race/Ethnicity
Race/Ethnicity Salaries Submitted Average Base Pay (USD) Black or African American 3 salaries $95,106/yrWhite 3 salaries $115,000/yrRace/Ethnicity Not Reported 230 salaries $102,219/yrIndigenous American or Alaska Native —Not enough salaries reported — Native Hawaiian or Other Pacific Islander —Not enough salaries reported — Middle Eastern —Not enough salaries reported — Hispanic or Latinx —Not enough salaries reported — Asian —Not enough salaries reported — Bank of America Salary FAQsHow does the salary as an Investment Banking Analyst at Bank of America compare with the base salary range for this job? The average salary for an Investment Banking Analyst is $97,375 per year in United States, which is 38% lower than the average Bank of America salary of $159,187 per year for this job. What is the salary trajectory of an Investment Banking Analyst? The salary trajectory of an Investment Banking Analyst ranges between locations and employers. The salary starts at $88,744 per year and goes up to $209,058 per year for the highest level of seniority. Popular Careers with Bank of America Job SeekersInvestment Banking Analyst Career JobsSalariesInterviews Finance Manager Career JobsSalariesInterviews Operations Manager Career JobsSalariesInterviews Scrum Master Career JobsSalariesInterviews Analyst Career JobsSalariesInterviews Software Engineer Career JobsSalariesInterviews Underwriter Career JobsSalariesInterviews Administrative Assistant Career JobsSalariesInterviews Financial Analyst Career JobsSalariesInterviews Business Analyst Career JobsSalariesInterviews Team Manager Career JobsSalariesInterviews Investment Analyst Career JobsSalariesInterviews Wealth Management Career JobsSalariesInterviews Finance Associate Career JobsSalariesInterviews Trader Career JobsSalariesInterviews Relationship Banker Career JobsSalariesInterviews Compliance Officer Career JobsSalariesInterviews Project Manager Career JobsSalariesInterviews Risk Manager Career JobsSalariesInterviews Equity Research Analyst Career JobsSalariesInterviews Get Email UpdatesBank of America Benefits
Bank of America Photos+ Add PhotoHave you worked here? Share a PhotoSee All PhotosView Allnum of numClose (Esc) Explore Investment Banking Analyst SalariesInvestment Banking Analyst Salaries by Location
Looking beyond Bank of America? Check out the latest Investment Banking Analyst Jobs or see Investment Banking Analyst Salaries at other companies. How much does an investment banking analyst make at Bank of America?The estimated total pay for a Investment Analyst at Bank of America is $125,692 per year.
How much do investment bankers at Bank of America make?How much does an Investment Banker make at Bank of America in the United States? Average Bank of America Investment Banker yearly pay in the United States is approximately $271,216, which is 194% above the national average.
How much do Bank of America analysts make?Average Bank of America Analyst yearly pay in the United States is approximately $54,312, which is 23% below the national average.
How much do investment banking analysts really make?Investment Banking Analyst Salary (and Bonus)
Base salaries at large banks in the U.S. range from $100K to $125K (as of 2022), with some elite boutiques paying above that and some regional boutiques still paying below $100K.
|
Investment Banking Analyst salary Bank of America
Related Posts
Copyright © 2024 ShotOnMac Inc.
