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Investment Banking Summer Associate Salary in New York

How much does an Investment Banking Summer Associate make in New York? As of September 01, 2026, the average salary for an Investment Banking Summer Associate in New York is $140,962 per year, which breaks down to an hourly rate of $68.

However, an Investment Banking Summer Associate's salary can vary significantly. Here's a look at the typical salary range:

  • Top Earners (90th percentile): $182,065
  • Majority Range (25th-75th percentile): $125,569 to $162,477
  • Entry-Level (10th percentile): $111,555
Salary Factors Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Check out Investment Banking Summer Associate Job Openings in New York

Key Factors That Influence Investment Banking Summer Associate Salaries

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 and company size can directly affect your earning potential.

How Experience Level Affects Investment Banking Summer Associate Salaries?

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:

  • Entry-Level (less than 1 year): $129,799
  • Early Career (1-2 years): $130,913
  • Mid-Level (2-4 years): $132,694
  • Senior-Level (5-8 years): $134,921
  • Expert (over 8 years): $139,467
Job RoleYears of ExperienceAverage Salary
Entry Level Investment Banking Summer Associate less than 1 year $129,799
Early Career Level Investment Banking Summer Associate 1-2 years $130,913
Mid-Level Level Investment Banking Summer Associate 2-4 years $132,694
Senior-Level Level Investment Banking Summer Associate 5-8 years $134,921
Expert Level Investment Banking Summer Associate over 8 years $139,467

How Do Investment Banking Summer Associate Salaries Vary from State to State?

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:

  • District of Columbia: $146,809.
  • California: $146,252.
  • Massachusetts: $144,303.

Top Paying Cities for Investment Banking Summer Associate

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • Holtsville: $145,485
  • Brentwood: $145,241
  • Brightwaters: $143,946

Investment Banking Summer Associate Salary by Industry: Top Paying Sectors

For Investment Banking Summer Associate roles, the industry you choose can impact your earning potential by as much as 25% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Education, offers compensation 15% above the average. Conversely, Investment Banking Summer Associate positions in Nonprofit typically offer lower base pay, as this sector often view Investment Banking Summer Associate as a support function rather than a direct revenue driver.

The top paying industry for an Investment Banking Summer Associate

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Education $162,106 $78.0 15%

Investment Banking Summer Associate Salary: Hourly Rate, Weekly Pay, and Monthly Pay

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.

  • Yearly
  • Monthly
  • Weekly
  • Hourly
  • Table View
Last Updated on September 01, 2026
$125,569
Average $140,962/year
$162,477
$10,464
Average $11,747/month
$13,540
$2,415
Average $2,711/week
$3,125
$60
Average $68/hour
$78
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $162,477 $13,540 $3,125 $78
Average $140,962 $11,747 $2,711 $68
25th Percentile $125,569 $10,464 $2,415 $60

Find Your Next Investment Banking Summer Associate Job

Ready to take the next step in your career? Browse thousands of current Investment Banking Summer Associate job openings on our job board. Use the search bar below to find your perfect match.

  • CSG Partners | New York, NY

    Investment Banking Associate

    CSG Partners | New York, NY

    Job Description. Job Description. We are seeking diligent, coachable, and determined financial services professionals with 3–4 years of experience at major... more

    6 Days Ago

  • UBS | New York City, NY

    Investment Banking Associate

    UBS | New York City, NY

    Your roleAre you a leader in innovation. Do you know how to come up with creative ideas for clients. Managers in Investment Banking are responsible for the... more

    5 Days Ago

  • Moelis & Co. | New York City, NY

    Associate Investment Banking

    Moelis & Co. | New York City, NY

    We are passionate about our business and our culture, and are seeking individuals with that same drive.Job DescriptionAt Moelis, Associates are part of a u... more

    5 Days Ago

  • Raymond James Financial Services | New York City, NY

    Investment Banking Associate

    Raymond James Financial Services | New York City, NY

    ResponsibilitiesMake authoritative recommendations that have a significant impact on the business over the short and long term. Recommendations could be te... more

    5 Days Ago

  • Jefferies Financial Group | New York, NY

    Investment Banking Associate

    Jefferies Financial Group | New York, NY

    Investment Banking Associate Life Sciences (BioPharma). Jefferies Global Healthcare Group provides comprehensive advisory and capital markets services acro... more

    6 Days Ago

  • Oppenheimer & Co. Inc. | New York, NY

    Investment Banking Associate

    Oppenheimer & Co. Inc. | New York, NY

    Job Description. Job Description. Who We Are. Oppenheimer & Co. Inc. (“Oppenheimer”) is a leading middle-market investment bank and full service broker-dea... more

    9 Days Ago

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Where Does Our Salary Data Come From?

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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