Investment Banking Associate
Emerald Resource Group – Columbus, OH
How much does an Investment Banking Summer Associate make in the United States? As of September 01, 2026, the average salary for an Investment Banking Summer Associate in the United States is $132,595 per year, which breaks down to an hourly rate of $64.
However, an Investment Banking Summer Associate's salary can vary significantly. Here's a look at the typical salary range:
Investment Banking Summer Associate Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
|---|---|---|---|---|
| 75th Percentile | $152,833 | $12,736 | $2,939 | $73 |
| Average | $132,595 | $11,050 | $2,550 | $64 |
| 25th Percentile | $118,116 | $9,843 | $2,271 | $57 |
An Investment Banking Summer Associate's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.
Experience is a primary driver of an Investment Banking Summer Associate's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Entry Level Investment Banking Summer Associate | less than 1 year | $122,095 |
| Early Career Level Investment Banking Summer Associate | 1-2 years | $123,142 |
| Mid-Level Level Investment Banking Summer Associate | 2-4 years | $124,818 |
| Senior-Level Level Investment Banking Summer Associate | 5-8 years | $126,912 |
| Expert Level Investment Banking Summer Associate | over 8 years | $131,189 |
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Investment Banking Summer Associates. For example, consider the average annual salaries in these key locations:
Your level of education can impact your salary potential. While many Investment Banking Summer Associate professionals enter the field with a Doctoral degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for an Investment Banking Summer Associate with a Doctoral is between $129,848 and $152,632.
| Typical Education for Investment Banking Summer Associate | |
|---|---|
| Degree Level | % of user with this level of education |
| No Degree | 4.3% |
| High School | 95.7% |
| Associate's Degree | 0% |
| Bachelor's Degree | 0% |
| Master's Degree or MBA | 4.3% |
| JD, MD, PhD or Equivalent | 95.7% |
Understanding how an Investment Banking Summer Associate's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $152,833 | $12,736 | $2,939 | $73 |
| Average | $132,595 | $11,050 | $2,550 | $64 |
| 25th Percentile | $118,116 | $9,843 | $2,271 | $57 |
Salaries for an Investment Banking Summer Associate can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $54,872 in 2023 to around $53,001 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Investment Banking Summer Associate salary trends, click here.
| Year | Average Annual Salary |
|---|---|
| 2022 | View More |
| 2023 | $54,872 |
| 2024 | $54,171 |
| 2025 | $53,001 |
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The Education industry offers the highest average compensation for Investment Banking Summer Associate roles, with salaries approximately 15% above the market median.
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