The typical salary of investment banking jobs in NYC can range from $95k to $110k annually. You can make around $80k to $90k per year for a fresh grad. For experienced candidates, the salary is about $130k to $145k. The compensation package ranges from $150k to $200 for the top performers.
Many people dream of working for a big investment bank. However, the reality is that many people don’t know what they are getting into. This is why knowing what kind of pay you can expect before you start is important.
Wall Street has been the center of attention regarding financing jobs for years. But the truth is, other investment banking jobs pay just as well, if not better.
Investing in the financial sector has become a popular career choice. It’s lucrative, exciting, and challenging. But like anything else, it also comes with some major downsides and not all investment banking jobs are created equal.
What is investment banking?
Investment banking is the business of providing financial advice and services to private companies. Typically, the firm analyzes its financial situation and advises on the best action for its growth and future.
Investment banks typically employ analysts and dealmakers responsible for identifying potential opportunities, determining their value, and making recommendations.
Often, the person leading the charge is a financial analyst or a financial analyst-turned-dealmaker.
These are the typical roles on Wall Street, but investment banks hire for many positions.
What do investment bankers do?
Investment banking connects businesses and individuals with the money and resources they need.
In addition to making deals, investment banks can also provide a range of services, including market research, financial analysis, and corporate finance.
Investment banks are one of the most powerful economic forces in the world. They can make or break corporations, and they can make or break nations.
And although the work is often seemingly glamorous, the pay is not the same.
How to get an investment banking job in NYC?
As with any other job, it’s important to understand what you want and how to get it clearly. If you’re considering applying for an investment banking analyst role, this guide will help you figure out exactly what you need to do to get the job.
What are the jobs in NYC?
You’ve probably heard the name of a job called a “merger analyst,” and you may even think of it as a high-paying career path.
But let’s start from the beginning. The first thing you should know about an investment banker is that it’s not a career path. It’s a job.
To invest in banking in your career, you must understand that you will work in a large firm.
Knowing that you will not be the only one working on this project and will report to a team lead is important.
While you might think that this means you will be working for a small firm, the reality is that you will work for one of the biggest firms in the world.
Your team will likely have more than 30 people working under them, and you will report to one of the firm’s founders.
This is what makes investment banking so unique and so attractive.
Frequently Asked Questions about Banking Jobs In NYC
Q: How can I apply for a banking job in NYC?
A: You need to go into a bank and tell them you want a banking job. Tell them you are looking for a banking job and ask if they are hiring. They will give you the contact information of someone to call.
Q: Is it a good idea to visit banks in person?
A: Visit the bank with your resume and tell them what you seek in a banking job. If they like your resume, they will tell you how to apply.
Q: What should I write on my resume if I apply for a banking job?
A: Write that you are looking for a banking job. You can also write that you seek a career change or advancement in a specific area.
Top Myths about Banking Jobs In NYC
- It’s a good way to make money in NY City.
- It would help if you were an engineer to get a banking job in NYC.
- There are no jobs in banking.
Investment banking is all about the big picture. The banks, hedge funds, and other financial institutions that hire these people are looking for someone with a strong analytical mind to help them predict what the markets will do in the future.
It sounds like a dream job, but isn’t necessarily easy to get. You might need a college degree or at least have graduated high school.
The good news is that you will compete with hundreds of others once you apply for these positions. So, you can use the techniques I’ve shared in this article to stand out from the crowd.